NBC Securities Inc. Boosts Stock Position in Qualys, Inc. (NASDAQ:QLYS)

NBC Securities Inc. lifted its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 118,250.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,367 shares of the software maker's stock after acquiring an additional 2,365 shares during the period. NBC Securities Inc.'s holdings in Qualys were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Qualys in the fourth quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Qualys in the fourth quarter worth about $39,000. Quadrant Capital Group LLC boosted its stake in shares of Qualys by 88.1% in the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock worth $47,000 after acquiring an additional 156 shares during the period. Johnson Financial Group Inc. bought a new position in Qualys during the fourth quarter valued at approximately $54,000. Finally, Huntington National Bank boosted its stake in Qualys by 15.6% during the fourth quarter. Huntington National Bank now owns 932 shares of the software maker's stock valued at $131,000 after buying an additional 126 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Insider Activity at Qualys

In related news, CFO Joo Mi Kim sold 845 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $139.96, for a total transaction of $118,266.20. Following the transaction, the chief financial officer now directly owns 100,075 shares in the company, valued at $14,006,497. The trade was a 0.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce K. Posey sold 524 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $129.38, for a total value of $67,795.12. Following the transaction, the insider now owns 65,053 shares in the company, valued at approximately $8,416,557.14. This trade represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,472 shares of company stock worth $3,181,068 in the last quarter. 0.88% of the stock is owned by company insiders.

Qualys Price Performance

Shares of Qualys stock traded down $0.09 on Monday, reaching $141.77. The company had a trading volume of 291,462 shares, compared to its average volume of 378,364. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 30.49 and a beta of 0.61. The firm's 50-day moving average price is $129.67 and its two-hundred day moving average price is $135.90. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.21. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The company had revenue of $159.90 million during the quarter, compared to analysts' expectations of $157.05 million. During the same quarter in the previous year, the business earned $1.45 EPS. Qualys's revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on QLYS. Jefferies Financial Group cut their price target on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a report on Monday, March 31st. Northland Securities restated a "market perform" rating and set a $146.00 price target (down previously from $150.00) on shares of Qualys in a report on Monday, February 10th. Needham & Company LLC restated a "hold" rating on shares of Qualys in a report on Monday, February 10th. Canaccord Genuity Group cut their price target on Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Qualys from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $137.50.

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.