GAMMA Investing LLC Buys 122,249 Shares of Qualys, Inc. (NASDAQ:QLYS)

GAMMA Investing LLC increased its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 43,505.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,530 shares of the software maker's stock after buying an additional 122,249 shares during the quarter. GAMMA Investing LLC owned 0.34% of Qualys worth $15,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of QLYS. Amalgamated Bank raised its position in Qualys by 0.5% in the 4th quarter. Amalgamated Bank now owns 16,640 shares of the software maker's stock valued at $2,333,000 after purchasing an additional 77 shares during the last quarter. HighTower Advisors LLC raised its position in Qualys by 1.4% in the 4th quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker's stock valued at $806,000 after purchasing an additional 80 shares during the last quarter. Huntington National Bank raised its position in Qualys by 15.6% in the 4th quarter. Huntington National Bank now owns 932 shares of the software maker's stock valued at $131,000 after purchasing an additional 126 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Qualys by 2.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,035 shares of the software maker's stock valued at $846,000 after purchasing an additional 129 shares during the last quarter. Finally, Synovus Financial Corp raised its position in Qualys by 0.8% in the 4th quarter. Synovus Financial Corp now owns 16,902 shares of the software maker's stock valued at $2,370,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Qualys Stock Performance

NASDAQ:QLYS traded up $2.16 on Friday, reaching $141.86. The company's stock had a trading volume of 270,417 shares, compared to its average volume of 379,043. Qualys, Inc. has a 1-year low of $112.61 and a 1-year high of $170.00. The firm has a market cap of $5.15 billion, a PE ratio of 30.51 and a beta of 0.61. The business's 50-day moving average price is $129.42 and its two-hundred day moving average price is $136.15.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on QLYS. Northland Securities restated a "market perform" rating and set a $146.00 target price (down previously from $150.00) on shares of Qualys in a research report on Monday, February 10th. Wedbush dropped their target price on Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley dropped their target price on Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group dropped their target price on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Qualys has a consensus rating of "Hold" and a consensus price target of $137.50.

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 dated Thursday, May 29th. The stock was sold at an average price of $136.30, for a total transaction of $1,158,550.00. Following the completion of the transaction, the chief executive officer now directly owns 237,962 shares of the company's stock, valued at $32,434,220.60. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joo Mi Kim sold 845 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $139.96, for a total value of $118,266.20. Following the transaction, the chief financial officer now directly owns 100,075 shares of the company's stock, valued at $14,006,497. This represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,472 shares of company stock valued at $3,181,068. Company insiders own 0.88% of the company's stock.

About Qualys

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.