Formidable Asset Management LLC Purchases 2,967 Shares of Qualys, Inc. (NASDAQ:QLYS)

Formidable Asset Management LLC raised its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 58.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,068 shares of the software maker's stock after acquiring an additional 2,967 shares during the quarter. Formidable Asset Management LLC's holdings in Qualys were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of QLYS. SBI Securities Co. Ltd. bought a new stake in Qualys during the 4th quarter worth approximately $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Qualys in the fourth quarter worth $39,000. Quadrant Capital Group LLC raised its position in shares of Qualys by 88.1% during the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after purchasing an additional 156 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Qualys during the 4th quarter valued at $54,000. Finally, Fifth Third Bancorp boosted its holdings in Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after buying an additional 99 shares during the period. Institutional investors own 99.31% of the company's stock.

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 524 shares of Qualys stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the transaction, the insider now directly owns 65,053 shares of the company's stock, valued at approximately $8,416,557.14. The trade was a 0.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey P. Hank sold 4,000 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $128.93, for a total transaction of $515,720.00. Following the completion of the sale, the director now directly owns 12,666 shares in the company, valued at $1,633,027.38. This trade represents a 24.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,127 shares of company stock worth $1,904,252 over the last quarter. Insiders own 0.88% of the company's stock.

Qualys Price Performance

Shares of NASDAQ QLYS traded up $0.14 during mid-day trading on Thursday, hitting $136.32. 82,779 shares of the company's stock traded hands, compared to its average volume of 381,096. The company's 50-day moving average is $127.86 and its two-hundred day moving average is $136.59. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The company has a market capitalization of $4.95 billion, a P/E ratio of 29.32 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.21. The business had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company earned $1.45 EPS. Equities analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on QLYS. Northland Securities restated a "market perform" rating and issued a $146.00 price objective (down from $150.00) on shares of Qualys in a research report on Monday, February 10th. Morgan Stanley lowered their price target on Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Finally, Royal Bank of Canada upped their target price on shares of Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $137.50.

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.