Y.D. More Investments Ltd trimmed its stake in Qualys, Inc. (NASDAQ:QLYS – Free Report) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,018 shares of the software maker’s stock after selling 95 shares during the period. Y.D. More Investments Ltd’s holdings in Qualys were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in shares of Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after buying an additional 99 shares in the last quarter. UMB Bank n.a. raised its stake in Qualys by 80.8% during the third quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after acquiring an additional 193 shares in the last quarter. Quarry LP lifted its holdings in shares of Qualys by 56.2% during the third quarter. Quarry LP now owns 439 shares of the software maker’s stock valued at $56,000 after acquiring an additional 158 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after purchasing an additional 223 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in shares of Qualys in the 4th quarter worth about $91,000. Institutional investors own 99.31% of the company’s stock.
Analyst Upgrades and Downgrades
QLYS has been the topic of several recent analyst reports. TD Cowen boosted their target price on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Truist Financial increased their price objective on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. UBS Group upped their price target on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wolfe Research raised shares of Qualys from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Qualys has an average rating of “Hold” and a consensus price target of $152.80.
Qualys Stock Up 1.8 %
QLYS opened at $145.97 on Thursday. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $182.45. The business has a 50 day moving average of $143.69 and a 200-day moving average of $135.66. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 32.15 and a beta of 0.56.
Qualys (NASDAQ:QLYS – Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same quarter last year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current year.
Insider Activity
In other news, insider Bruce K. Posey sold 855 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the transaction, the insider now directly owns 63,177 shares of the company’s stock, valued at approximately $8,986,296.48. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total value of $1,047,620.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares of the company’s stock, valued at approximately $33,741,295.98. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,259 shares of company stock valued at $4,578,153 over the last ninety days. 1.00% of the stock is currently owned by company insiders.
Qualys Profile
Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.
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