Paralel Advisors LLC Boosts Stock Holdings in Qualys, Inc. $QLYS

Key Points

• Paralel Advisors LLC increased its stake in Qualys, Inc. by 41.0% in the second quarter, owning 21,215 shares worth approximately $3,031,000.
• Qualys recently announced earnings of $1.68 EPS, exceeding estimates, with a revenue increase of 10.3% year-over-year, totaling $164.06 million.
• The company's stock has a market capitalization of $4.63 billion, with a recent trading price of $128.22 and a twelve-month range of $112.61 to $170.00.

Paralel Advisors LLC boosted its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 41.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,215 shares of the software maker's stock after purchasing an additional 6,167 shares during the quarter. Paralel Advisors LLC owned about 0.06% of Qualys worth $3,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tributary Capital Management LLC increased its holdings in shares of Qualys by 3.8% in the second quarter. Tributary Capital Management LLC now owns 6,954 shares of the software maker's stock worth $994,000 after purchasing an additional 255 shares during the last quarter. Aurora Investment Counsel grew its holdings in Qualys by 1.8% during the 2nd quarter. Aurora Investment Counsel now owns 17,362 shares of the software maker's stock valued at $2,481,000 after buying an additional 313 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Qualys in the 2nd quarter worth approximately $2,264,000. Stratos Wealth Advisors LLC increased its stake in Qualys by 2.3% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 15,908 shares of the software maker's stock worth $2,273,000 after acquiring an additional 355 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Qualys by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 75,685 shares of the software maker's stock worth $10,750,000 after acquiring an additional 774 shares in the last quarter. Institutional investors own 99.31% of the company's stock.

Qualys Stock Down 2.7%

QLYS stock opened at $128.22 on Thursday. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 25.59 and a beta of 0.62. The firm's fifty day simple moving average is $132.25 and its two-hundred day simple moving average is $133.58.

Qualys (NASDAQ:QLYS - Get Free Report) last released its 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. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The firm had revenue of $164.06 million during the quarter, compared to analyst estimates of $161.25 million. During the same quarter last year, the business earned $1.52 EPS. The business's revenue was up 10.3% on a year-over-year basis. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. As a group, equities research analysts expect that Qualys, Inc. will post 3.85 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Sumedh S. Thakar sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $126.82, for a total transaction of $1,077,970.00. Following the completion of the sale, the chief executive officer directly owned 203,951 shares of the company's stock, valued at approximately $25,865,065.82. This trade represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kristi Marie Rogers sold 1,700 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $134.70, for a total value of $228,990.00. Following the transaction, the director owned 8,596 shares of the company's stock, valued at approximately $1,157,881.20. The trade was a 16.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,364 shares of company stock valued at $5,162,899 over the last quarter. Corporate insiders own 0.88% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on QLYS shares. Scotiabank raised their target price on shares of Qualys from $142.00 to $150.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. Wedbush increased their price objective on shares of Qualys from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Morgan Stanley lifted their price objective on shares of Qualys from $90.00 to $97.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. DA Davidson boosted their target price on shares of Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Zacks Research cut shares of Qualys from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $140.62.

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.

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