Paralel Advisors LLC Buys New Position in Qualys, Inc. $QLYS

Key Points

• Paralel Advisors LLC initiated a Qualys position during the second quarter, purchasing 26,294 shares worth approximately $3.6 million. Institutional investors collectively own 99.31% of Qualys.
• Qualys exceeded quarterly expectations, reporting $1.98 in earnings per share versus the $1.78 consensus estimate and $182.18 million in revenue, up 11.1% year over year.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $170.53, while recent targets range from $130 to $220. Insiders sold nearly $9.2 million worth of shares over the past three months.

Paralel Advisors LLC bought a new stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,294 shares of the software maker's stock, valued at approximately $3,615,000. Qualys makes up 0.1% of Paralel Advisors LLC's portfolio, making the stock its 27th largest holding. Paralel Advisors LLC owned about 0.08% of Qualys as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC raised its holdings in shares of Qualys by 206.2% in the first quarter. Root Financial Partners LLC now owns 297 shares of the software maker's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Strive Financial Group LLC acquired a new position in Qualys during the fourth quarter worth $27,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Qualys by 204.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock worth $28,000 after purchasing an additional 143 shares during the last quarter. Kilter Group LLC bought a new position in Qualys in the second quarter valued at $31,000. Finally, Employees Retirement System of Texas bought a new position in Qualys in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 99.31% of the company's stock.

Insiders Place Their Bets

In related news, insider Bruce K. Posey sold 1,000 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $155.00, for a total transaction of $155,000.00. Following the transaction, the insider directly owned 63,571 shares of the company's stock, valued at approximately $9,853,505. The trade was a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Thomas Berquist sold 939 shares of the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $110.75, for a total transaction of $103,994.25. Following the completion of the transaction, the director owned 6,781 shares in the company, valued at approximately $750,995.75. This trade represents a 12.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,979 shares of company stock worth $9,217,993 in the last three months. 0.72% of the stock is owned by corporate insiders.

Qualys Trading Down 2.4%

NASDAQ QLYS opened at $182.21 on Friday. The firm's fifty day moving average price is $149.61 and its two-hundred day moving average price is $115.51. Qualys, Inc. has a 1 year low of $74.51 and a 1 year high of $201.54. The firm has a market capitalization of $6.30 billion, a P/E ratio of 31.52 and a beta of 0.60.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. The company had revenue of $182.18 million during the quarter, compared to the consensus estimate of $178.57 million. Qualys had a net margin of 29.38% and a return on equity of 37.52%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. On average, research analysts anticipate that Qualys, Inc. will post 5.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

QLYS has been the topic of several recent research reports. Scotiabank lifted their price target on shares of Qualys from $190.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Morgan Stanley raised their price objective on Qualys from $115.00 to $130.00 and gave the company an "underweight" rating in a report on Wednesday, August 5th. Zacks Research raised Qualys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Robert W. Baird set a $160.00 target price on Qualys in a report on Wednesday, August 5th. Finally, Jefferies Financial Group increased their price target on Qualys from $150.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $170.53.

Qualys Company Profile

Qualys, Inc NASDAQ: QLYS is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company's flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.

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