Public Sector Pension Investment Board Grows Stock Holdings in Qualys, Inc. $QLYS

Key Points

• The Public Sector Pension Investment Board increased its holdings in Qualys, Inc. by 45.5%, acquiring an additional 13,818 shares to own a total of 44,218 shares valued at approximately $5.57 million.
• Qualys reported strong quarterly earnings with an EPS of $1.68, surpassing analysts' expectations of $1.47, and achieved a year-over-year revenue growth of 10.3%.
• Several research analysts have updated their price targets for Qualys, with current predictions ranging from $97 to $150, while the stock holds an average rating of "Hold."

Public Sector Pension Investment Board boosted its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 45.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,218 shares of the software maker's stock after purchasing an additional 13,818 shares during the quarter. Public Sector Pension Investment Board owned about 0.12% of Qualys worth $5,568,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in Qualys during the first quarter valued at $13,291,000. Entropy Technologies LP purchased a new position in shares of Qualys during the 1st quarter worth about $772,000. Invesco Ltd. grew its holdings in Qualys by 2.8% during the 1st quarter. Invesco Ltd. now owns 415,582 shares of the software maker's stock valued at $52,334,000 after purchasing an additional 11,481 shares during the last quarter. Citigroup Inc. raised its position in Qualys by 4.1% in the 1st quarter. Citigroup Inc. now owns 62,729 shares of the software maker's stock worth $7,899,000 after purchasing an additional 2,482 shares during the period. Finally, Nutshell Asset Management Ltd raised its position in Qualys by 36.7% in the 1st quarter. Nutshell Asset Management Ltd now owns 30,455 shares of the software maker's stock worth $3,835,000 after purchasing an additional 8,176 shares during the period. Hedge funds and other institutional investors own 99.31% of the company's stock.

Wall Street Analysts Forecast Growth

QLYS has been the topic of a number of analyst reports. UBS Group upped their target price on Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group cut their target price on Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. DA Davidson boosted their price objective on shares of Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Morgan Stanley raised their target price on shares of Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada upped their price target on Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Qualys presently has a consensus rating of "Hold" and a consensus price target of $141.00.

Qualys Trading Down 1.2%

Shares of NASDAQ QLYS traded down $1.60 during trading on Thursday, reaching $130.51. 91,338 shares of the company traded hands, compared to its average volume of 335,387. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $170.00. The firm's fifty day simple moving average is $137.75 and its 200 day simple moving average is $133.67. The stock has a market cap of $4.71 billion, a P/E ratio of 26.05 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.21. Qualys had a return on equity of 37.19% and a net margin of 29.04%.The firm had revenue of $164.06 million for the quarter, compared to analysts' expectations of $161.25 million. During the same period last year, the firm earned $1.52 EPS. 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. As a group, research analysts expect that Qualys, Inc. will post 3.85 EPS for the current year.

Insider Activity at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $149.25, for a total transaction of $1,791,000.00. Following the completion of the sale, the chief executive officer directly owned 217,962 shares in the company, valued at approximately $32,530,828.50. The trade was a 5.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey P. Hank sold 657 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $139.07, for a total value of $91,368.99. Following the completion of the transaction, the director owned 13,888 shares in the company, valued at approximately $1,931,404.16. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,060 shares of company stock valued at $7,247,888. 0.88% of the stock is owned by corporate insiders.

Qualys 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.