Bank of New York Mellon Corp Makes New Investment in Qualys, Inc. $QLYS

Key Points

• Bank of New York Mellon acquired 283,980 Qualys shares worth approximately $39.0 million, representing about 0.81% of the company. Institutional investors collectively own 99.31% of Qualys.
• Analyst sentiment remains mixed: recent firms raised price targets and some upgraded the stock, but MarketBeat’s consensus rating is Hold with a $170.53 target. Morgan Stanley maintained an underweight rating despite lifting its target to $130.
• Qualys exceeded quarterly expectations, reporting $1.98 in earnings per share versus the $1.78 consensus and revenue of $182.18 million, up 11.1% year over year. Shares opened at $187.05, while insiders have sold $9.38 million of stock over the past 90 days.

Bank of New York Mellon Corp purchased a new stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 283,980 shares of the software maker's stock, valued at approximately $39,044,000. Bank of New York Mellon Corp owned about 0.81% of Qualys at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strive Financial Group LLC acquired a new position in Qualys during the 4th quarter worth $27,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Qualys by 204.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock valued at $28,000 after buying an additional 143 shares during the period. Root Financial Partners LLC raised its position in shares of Qualys by 206.2% during the first quarter. Root Financial Partners LLC now owns 297 shares of the software maker's stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of Qualys during the fourth quarter worth $43,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Qualys by 37,400.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 375 shares of the software maker's stock valued at $50,000 after acquiring an additional 374 shares during the period. Institutional investors and hedge funds own 99.31% of the company's stock.

Analyst Upgrades and Downgrades

QLYS has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on Qualys from $145.00 to $180.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Zacks Research upgraded shares of Qualys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Scotiabank raised their target price on shares of Qualys from $190.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Qualys from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Morgan Stanley boosted their price target on shares of Qualys from $115.00 to $130.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $170.53.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 1,000 shares of Qualys stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $155.00, for a total value of $155,000.00. Following the transaction, the insider owned 63,571 shares of the company's stock, valued at approximately $9,853,505. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Joo Mi Kim sold 1,627 shares of Qualys stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $153.04, for a total transaction of $248,996.08. Following the completion of the transaction, the chief financial officer directly owned 75,743 shares in the company, valued at approximately $11,591,708.72. The trade was a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 72,845 shares of company stock valued at $9,377,536 over the last 90 days. 0.72% of the stock is owned by company insiders.

Qualys Stock Down 0.8%

Shares of QLYS stock opened at $187.05 on Friday. Qualys, Inc. has a 12-month low of $74.51 and a 12-month high of $201.54. The firm has a fifty day moving average of $157.90 and a 200-day moving average of $117.91. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 32.36 and a beta of 0.60.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The software maker reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.20. Qualys had a return on equity of 37.52% and a net margin of 29.38%.The firm had revenue of $182.18 million for the quarter, compared to analyst estimates of $178.57 million. During the same period in the previous year, the company posted $1.68 earnings per share. The company's revenue for the quarter was up 11.1% on a year-over-year basis. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. Research analysts expect that Qualys, Inc. will post 5.85 earnings per share for the current year.

Qualys Company Profile

Qualys, Inc NASDAQ: QLYS is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company's flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.

Want to see what other hedge funds are holding QLYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualys, Inc. (NASDAQ:QLYS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source