Formidable Asset Management LLC Has $661,000 Stake in Qualys, Inc. $QLYS

Key Points

• Formidable Asset Management LLC reduced its stake in Qualys, Inc. by 37.7% in Q2, bringing its holding to $661,000 after selling 2,804 shares.
• Institutional investors own 99.31% of Qualys, indicating strong institutional support for the company.
• Qualys reported earnings of $1.68 per share in its last quarter, outperforming estimates by $0.21 and achieving a revenue increase of 10.3% year-over-year.

Formidable Asset Management LLC decreased its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 37.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,629 shares of the software maker's stock after selling 2,804 shares during the period. Formidable Asset Management LLC's holdings in Qualys were worth $661,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. bought a new stake in Qualys during the 2nd quarter valued at approximately $154,000. Dakota Wealth Management bought a new stake in shares of Qualys in the 2nd quarter worth approximately $204,000. Public Employees Retirement System of Ohio lifted its position in shares of Qualys by 2.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 33,567 shares of the software maker's stock worth $4,796,000 after acquiring an additional 848 shares during the period. Argent Capital Management LLC lifted its position in shares of Qualys by 4.7% in the 2nd quarter. Argent Capital Management LLC now owns 4,651 shares of the software maker's stock worth $664,000 after acquiring an additional 209 shares during the period. Finally, Occidental Asset Management LLC lifted its position in shares of Qualys by 4.3% in the 2nd quarter. Occidental Asset Management LLC now owns 2,283 shares of the software maker's stock worth $326,000 after acquiring an additional 95 shares during the period. Institutional investors own 99.31% of the company's stock.

Insider Buying and Selling

In other news, Director John A. Zangardi sold 3,103 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $134.94, for a total value of $418,718.82. Following the sale, the director directly owned 4,071 shares in the company, valued at $549,340.74. The trade was a 43.25% 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, CFO Joo Mi Kim sold 844 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $134.80, for a total value of $113,771.20. Following the sale, the chief financial officer owned 93,651 shares in the company, valued at $12,624,154.80. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,565 shares of company stock valued at $7,102,374. Corporate insiders own 0.88% of the company's stock.

Qualys Stock Performance

NASDAQ QLYS opened at $136.66 on Friday. The stock has a fifty day moving average of $133.88 and a 200-day moving average of $133.31. The stock has a market capitalization of $4.93 billion, a P/E ratio of 27.28 and a beta of 0.65. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.21. The business had revenue of $164.06 million for 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 firm's revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. Equities research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on QLYS shares. Morgan Stanley raised their price objective on Qualys from $90.00 to $97.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. DA Davidson raised their price objective on Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Jefferies Financial Group raised their price objective on Qualys from $140.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Wedbush raised their price objective on Qualys from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Scotiabank increased their target price on Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Qualys 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.

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