Park Avenue Securities LLC Takes Position in Qualys, Inc. $QLYS

Key Points

• Park Avenue Securities LLC acquired a new position in Qualys, purchasing 5,390 shares valued at approximately $770,000 during the 2nd quarter.
• Qualys reported $1.68 EPS for the quarter, exceeding estimates, and projected fiscal year 2025 EPS guidance between 6.200-6.5.
• Hedge funds and institutional investors hold 99.31% of Qualys' stock, indicating strong investor confidence in the company.

Park Avenue Securities LLC bought a new position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,390 shares of the software maker's stock, valued at approximately $770,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QLYS. Cim LLC grew its stake in shares of Qualys by 1.2% in the first quarter. Cim LLC now owns 8,561 shares of the software maker's stock worth $1,078,000 after acquiring an additional 98 shares in the last quarter. State of Michigan Retirement System increased its holdings in Qualys by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker's stock worth $1,105,000 after purchasing an additional 100 shares during the period. Securian Asset Management Inc. raised its position in Qualys by 3.7% in the 1st quarter. Securian Asset Management Inc. now owns 2,809 shares of the software maker's stock valued at $354,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Qualys by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the software maker's stock valued at $1,297,000 after buying an additional 100 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Qualys by 27.9% during the first quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock worth $63,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Qualys Trading Up 1.0%

NASDAQ:QLYS opened at $136.66 on Friday. The company has a market capitalization of $4.93 billion, a P/E ratio of 27.28 and a beta of 0.65. The firm has a 50-day moving average price of $133.88 and a two-hundred day moving average price of $133.38. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly 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 net margin of 29.04% and a return on equity of 37.19%. The business had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. During the same period in the prior year, the business earned $1.52 earnings per share. The company's quarterly 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. On average, equities research analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QLYS has been the topic of several analyst reports. Wedbush raised their target price on shares of Qualys from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. UBS Group lifted their price target on Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Jefferies Financial Group raised their target price on Qualys from $140.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Morgan Stanley upped their price target on Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Finally, Scotiabank boosted their price objective on shares of Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.00.

Insiders Place Their Bets

In other Qualys news, CEO Sumedh S. Thakar sold 8,500 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $132.49, for a total transaction of $1,126,165.00. Following the sale, the chief executive officer directly owned 205,951 shares of the company's stock, valued at $27,286,447.99. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristi Marie Rogers sold 1,700 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $134.70, for a total transaction of $228,990.00. Following the transaction, the director directly owned 8,596 shares in the company, valued at $1,157,881.20. The trade was a 16.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,565 shares of company stock valued at $7,102,374. 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.

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