111 Capital Invests $299,000 in Qualys, Inc. (NASDAQ:QLYS)

111 Capital purchased a new stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,131 shares of the software maker's stock, valued at approximately $299,000.

Several other hedge funds have also added to or reduced their stakes in QLYS. Barclays PLC boosted its holdings in Qualys by 101.8% in the third quarter. Barclays PLC now owns 112,214 shares of the software maker's stock valued at $14,415,000 after acquiring an additional 56,613 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Qualys by 12.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker's stock valued at $153,000 after acquiring an additional 123 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock valued at $55,000 after acquiring an additional 99 shares during the last quarter. Blue Trust Inc. boosted its holdings in Qualys by 26.2% in the fourth quarter. Blue Trust Inc. now owns 1,968 shares of the software maker's stock valued at $253,000 after acquiring an additional 409 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Qualys by 58.0% in the fourth quarter. KBC Group NV now owns 1,724 shares of the software maker's stock valued at $242,000 after acquiring an additional 633 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Qualys Price Performance

QLYS stock traded up $1.85 during mid-day trading on Tuesday, reaching $142.56. The company had a trading volume of 237,451 shares, compared to its average volume of 380,144. The stock has a 50 day simple moving average of $128.65 and a two-hundred day simple moving average of $136.16. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 30.66 and a beta of 0.61. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.46 by $0.21. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The company had revenue of $159.90 million during the quarter, compared to the consensus estimate of $157.05 million. During the same period in the previous year, the company posted $1.45 EPS. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

Insiders Place Their Bets

In other Qualys news, CEO Sumedh S. Thakar sold 8,500 shares of Qualys stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $136.30, for a total transaction of $1,158,550.00. Following the completion of the transaction, the chief executive officer now directly owns 237,962 shares of the company's stock, valued at $32,434,220.60. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce K. Posey sold 525 shares of Qualys stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $137.85, for a total transaction of $72,371.25. Following the transaction, the insider now directly owns 61,709 shares of the company's stock, valued at approximately $8,506,585.65. This trade represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,627 shares of company stock valued at $3,062,802 over the last ninety days. 0.88% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Canaccord Genuity Group cut their target price on Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Northland Securities reissued a "market perform" rating and issued a $146.00 target price (down previously from $150.00) on shares of Qualys in a research note on Monday, February 10th. Morgan Stanley cut their target price on Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. cut their target price on Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Finally, Wedbush cut their target price on Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $137.50.

Qualys Company 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.