Edgestream Partners L.P. boosted its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 164.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,463 shares of the software maker's stock after acquiring an additional 20,802 shares during the period. Edgestream Partners L.P. owned 0.09% of Qualys worth $4,214,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tandem Investment Advisors Inc. boosted its holdings in Qualys by 24.4% in the first quarter. Tandem Investment Advisors Inc. now owns 41,370 shares of the software maker's stock worth $5,210,000 after acquiring an additional 8,120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake 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 worth $1,036,000 after purchasing an additional 310 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Qualys by 1.1% in the first quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker's stock worth $13,856,000 after purchasing an additional 1,177 shares during the last quarter. Novem Group raised its stake in shares of Qualys by 35.0% in the first quarter. Novem Group now owns 7,008 shares of the software maker's stock worth $883,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new stake in shares of Qualys in the first quarter worth approximately $360,000. Institutional investors own 99.31% of the company's stock.
Qualys Trading Up 0.4%
Shares of NASDAQ QLYS traded up $0.54 during mid-day trading on Friday, hitting $140.09. The company had a trading volume of 18,061 shares, compared to its average volume of 368,224. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 28.63 and a beta of 0.62. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The stock's 50-day moving average price is $139.72 and its 200-day moving average price is $134.57.
Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.21. The company had revenue of $159.90 million during the quarter, compared to analysts' expectations of $157.05 million. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. As a group, equities research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.
Insider Activity at Qualys
In other Qualys news, Director Wendy Pfeiffer sold 200 shares of Qualys stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $139.45, for a total transaction of $27,890.00. Following the completion of the sale, the director owned 11,282 shares of the company's stock, valued at $1,573,274.90. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruce K. Posey sold 525 shares of Qualys stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $135.96, for a total value of $71,379.00. Following the sale, the insider directly owned 61,184 shares of the company's stock, valued at approximately $8,318,576.64. This trade represents a 0.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,597 shares of company stock valued at $6,517,773 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several brokerages have recently commented on QLYS. JPMorgan Chase & Co. lowered their price objective on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group lowered their price objective on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Morgan Stanley lowered their price objective on Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Wedbush lowered their price objective on Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised Qualys from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to 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 Company Profile
(
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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