Citigroup Inc. Boosts Holdings in Qualys, Inc. $QLYS

Key Points

• Citigroup Inc. increased its holdings in Qualys, Inc. by 4.1% in the first quarter, acquiring an additional 2,482 shares, bringing its total ownership to about 0.17% valued at approximately $7.9 million.
• Several institutional investors, including Tandem Investment Advisors and Novem Group, also boosted their positions in Qualys, indicating strong investor interest in the company as they own a total of 99.31% of its stock.
• Qualys recently reported earnings of $1.68 per share, exceeding analyst expectations and demonstrating a 10.3% year-over-year revenue growth for the quarter.

Citigroup Inc. raised its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,729 shares of the software maker's stock after buying an additional 2,482 shares during the period. Citigroup Inc. owned about 0.17% of Qualys worth $7,899,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tandem Investment Advisors Inc. boosted its position in shares of Qualys by 24.4% during the first quarter. Tandem Investment Advisors Inc. now owns 41,370 shares of the software maker's stock valued at $5,210,000 after buying an additional 8,120 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Qualys by 4.0% during 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 buying an additional 310 shares during the period. Novem Group boosted its position in shares of Qualys by 35.0% during the first quarter. Novem Group now owns 7,008 shares of the software maker's stock valued at $883,000 after buying an additional 1,817 shares during the period. Principal Financial Group Inc. boosted its position in shares of Qualys by 1.1% during the first quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker's stock valued at $13,856,000 after buying an additional 1,177 shares during the period. Finally, Verity Asset Management Inc. purchased a new position in shares of Qualys during the first quarter valued at approximately $360,000. Hedge funds and other institutional investors own 99.31% of the company's stock.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 8,500 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $129.95, for a total transaction of $1,104,575.00. Following the sale, the chief executive officer directly owned 207,920 shares of the company's stock, valued at $27,019,204. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce K. Posey sold 541 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $140.11, for a total transaction of $75,799.51. Following the sale, the insider directly owned 60,643 shares in the company, valued at $8,496,690.73. This trade represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,060 shares of company stock valued at $7,247,888. 1.00% of the stock is owned by corporate insiders.

Qualys Stock Down 1.1%

Shares of QLYS traded down $1.41 during trading hours on Wednesday, reaching $131.69. 127,868 shares of the company traded hands, compared to its average volume of 335,724. The stock has a market capitalization of $4.75 billion, a P/E ratio of 26.29 and a beta of 0.56. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $170.00. The business has a fifty day moving average price of $137.91 and a 200-day moving average price of $133.68.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.21. The firm had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The business's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. As a group, research analysts predict that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on Qualys from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. DA Davidson boosted their price target on Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Canaccord Genuity Group lowered their price target on Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded Qualys from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Wedbush boosted their price target on Qualys from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $141.00.

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.