First National Advisers LLC purchased a new stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,927 shares of the software maker's stock, valued at approximately $369,000.
Other large investors have also recently modified their holdings of the company. Tandem Investment Advisors Inc. boosted its holdings in shares of Qualys by 24.4% in the first quarter. Tandem Investment Advisors Inc. now owns 41,370 shares of the software maker's stock valued at $5,210,000 after purchasing an additional 8,120 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Qualys by 4.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,143 shares of the software maker's stock valued at $1,036,000 after purchasing an additional 310 shares during the period. Novem Group lifted its holdings in Qualys by 35.0% during the first quarter. Novem Group now owns 7,008 shares of the software maker's stock worth $883,000 after buying an additional 1,817 shares during the period. Principal Financial Group Inc. lifted its holdings in Qualys by 1.1% during the first quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker's stock worth $13,856,000 after buying an additional 1,177 shares during the period. Finally, Verity Asset Management Inc. purchased a new stake in Qualys during the first quarter worth $360,000. Hedge funds and other institutional investors own 99.31% of the company's stock.
Analyst Ratings Changes
QLYS has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Wall Street Zen upgraded Qualys from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Canaccord Genuity Group lowered their target price on Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wedbush lowered their target price on Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Morgan Stanley lowered their target price on Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $137.50.
Check Out Our Latest Stock Analysis on QLYS
Qualys Stock Performance
Shares of NASDAQ QLYS traded down $1.89 during mid-day trading on Thursday, hitting $133.64. The stock had a trading volume of 109,521 shares, compared to its average volume of 331,144. The company has a 50 day moving average of $140.15 and a two-hundred day moving average of $134.63. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00. The firm has a market cap of $4.86 billion, a PE ratio of 27.41 and a beta of 0.62.
Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.21. The business had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The company's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. Equities research analysts predict that Qualys, Inc. will post 3.85 EPS for the current fiscal year.
Insider Buying and Selling at Qualys
In other news, Director Jeffrey P. Hank sold 657 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $139.07, for a total transaction of $91,368.99. Following the sale, the director directly owned 13,888 shares of the company's stock, valued at $1,931,404.16. This represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sumedh S. Thakar sold 8,500 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $138.40, for a total transaction of $1,176,400.00. Following the completion of the transaction, the chief executive officer directly owned 215,962 shares in the company, valued at $29,889,140.80. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,598 shares of company stock worth $6,529,928. 0.88% of the stock is currently owned by company insiders.
Qualys Profile
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Free Report)
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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