New Age Alpha Advisors LLC Has $542,000 Stake in Qualys, Inc. (NASDAQ:QLYS)

Key Points

• New Age Alpha Advisors LLC reduced its holdings in Qualys, Inc. by 47.5%, now owning 4,306 shares valued at approximately $542,000 following a sell-off of 3,895 shares.
• Several other hedge funds increased their stakes in Qualys, with SBI Securities Co. Ltd. raising its holdings by 82.7% during the same period.
• Qualys reported $1.68 earnings per share, surpassing analyst estimates, with a revenue of $164.06 million, a 10.3% increase year-over-year.

New Age Alpha Advisors LLC lowered its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 47.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,306 shares of the software maker's stock after selling 3,895 shares during the quarter. New Age Alpha Advisors LLC's holdings in Qualys were worth $542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of QLYS. Envestnet Asset Management Inc. lifted its holdings in shares of Qualys by 2.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 168,015 shares of the software maker's stock worth $23,559,000 after buying an additional 4,282 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Qualys by 88.1% in the fourth 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 in the last quarter. Bank of Montreal Can raised its stake in Qualys by 3.3% in the fourth quarter. Bank of Montreal Can now owns 5,175 shares of the software maker's stock valued at $726,000 after purchasing an additional 166 shares in the last quarter. Legal & General Group Plc raised its stake in Qualys by 10.2% in the fourth quarter. Legal & General Group Plc now owns 954,583 shares of the software maker's stock valued at $133,852,000 after purchasing an additional 88,347 shares in the last quarter. Finally, Shelton Capital Management acquired a new position in Qualys in the fourth quarter valued at about $205,000. Institutional investors and hedge funds own 99.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on QLYS. Scotiabank boosted their price target on Qualys from $142.00 to $150.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. lowered their target price on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Wedbush boosted their target price on Qualys from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded Qualys from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, UBS Group upped their price objective on Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Qualys has an average rating of "Hold" and an average price target of $141.00.

Insiders Place Their Bets

In other Qualys news, Director Jeffrey P. Hank sold 657 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $139.07, for a total transaction of $91,368.99. Following the transaction, the director directly owned 13,888 shares in the company, valued at approximately $1,931,404.16. This represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $149.25, for a total value of $1,791,000.00. Following the transaction, the chief executive officer owned 217,962 shares in the company, valued at $32,530,828.50. The trade was a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,598 shares of company stock valued at $6,019,818 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Qualys Trading Up 2.3%

QLYS stock traded up $2.96 during trading on Wednesday, hitting $132.41. The company had a trading volume of 85,844 shares, compared to its average volume of 338,103. The business has a 50-day moving average of $138.89 and a 200-day moving average of $134.13. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The stock has a market cap of $4.78 billion, a PE ratio of 26.43 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, beating the consensus estimate of $1.47 by $0.21. Qualys had a return on equity of 37.19% and a net margin of 29.04%. The business had revenue of $164.06 million for the quarter, compared to analysts' expectations of $161.25 million. During the same period in the prior year, the business posted $1.52 earnings per share. The firm's revenue was up 10.3% on a year-over-year basis. Research analysts forecast that Qualys, Inc. will post 3.85 EPS 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.