21,129 Shares in Qualys, Inc. $QLYS Purchased by Element Capital Management LLC

Key Points

• Element Capital Management LLC purchased a new stake in Qualys, Inc. during Q1, acquiring 21,129 shares valued at approximately $2.66 million, which represents about 0.06% of the company.
• Qualys reported a quarterly EPS of $1.68, exceeding analysts' estimates, with revenues of $164.06 million, marking a 10.3% year-over-year increase.
• Several analysts have upgraded their price targets for Qualys, with a consensus target price of $141.00 and a mixed rating of "Hold" from the market.

Element Capital Management LLC bought a new stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,129 shares of the software maker's stock, valued at approximately $2,661,000. Element Capital Management LLC owned approximately 0.06% of Qualys as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tandem Investment Advisors Inc. raised its position in shares of Qualys by 24.4% in the 1st 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Qualys by 4.0% in the 1st 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 in the last quarter. Novem Group raised its position in shares of Qualys by 35.0% in the 1st quarter. Novem Group now owns 7,008 shares of the software maker's stock valued at $883,000 after purchasing an additional 1,817 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Qualys by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker's stock valued at $13,856,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Verity Asset Management Inc. acquired a new position in shares of Qualys in the 1st quarter valued at approximately $360,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 8,500 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $129.95, for a total transaction of $1,104,575.00. Following the completion of the sale, the chief executive officer directly owned 207,920 shares of the company's stock, valued at $27,019,204. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wendy Pfeiffer sold 200 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $139.45, for a total value of $27,890.00. Following the sale, the director directly owned 11,282 shares of the company's stock, valued at approximately $1,573,274.90. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,385 shares of company stock valued at $7,294,315 over the last 90 days. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QLYS shares. Zacks Research raised Qualys to a "strong-buy" rating in a research report on Monday, August 11th. DA Davidson upped their price target on Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada upped their price target on Qualys from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Morgan Stanley upped their price target on Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised Qualys from a "hold" rating to a "buy" rating in a research report on Sunday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $141.00.

Qualys Price Performance

Shares of Qualys stock traded down $0.01 during trading on Friday, hitting $129.15. The stock had a trading volume of 232,702 shares, compared to its average volume of 350,984. The firm has a market cap of $4.66 billion, a P/E ratio of 25.78 and a beta of 0.56. The business has a fifty day moving average of $138.30 and a two-hundred day moving average of $133.75. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00.

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 the consensus estimate of $1.47 by $0.21. The business had revenue of $164.06 million during the quarter, compared to analyst estimates of $161.25 million. Qualys had a return on equity of 37.19% and a net margin of 29.04%. The company's revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. As a group, research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

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.