Sequoia Financial Advisors LLC Buys New Holdings in Qualys, Inc. $QLYS

Key Points

• Sequoia Financial Advisors LLC acquired a new stake in Qualys, Inc., purchasing 2,307 shares valued at approximately $330,000 during the second quarter.
• Institutional investors now hold 99.31% of Qualys' stock, with significant increases from firms like AQR Capital Management and UBS AM.
• Qualys reported $1.68 earnings per share in its last quarter, surpassing analysts' expectations by $0.21, and the company shows a year-over-year revenue growth of 10.3%.

Sequoia Financial Advisors LLC purchased a new stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,307 shares of the software maker's stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC raised its position in shares of Qualys by 96.8% in the first quarter. AQR Capital Management LLC now owns 688,776 shares of the software maker's stock valued at $85,394,000 after buying an additional 338,702 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Qualys by 92.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,238 shares of the software maker's stock valued at $81,003,000 after buying an additional 308,635 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Qualys by 53.3% in the first quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker's stock valued at $62,849,000 after buying an additional 173,512 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Qualys by 6.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 449,650 shares of the software maker's stock valued at $56,628,000 after buying an additional 26,074 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Qualys by 2.8% in the first quarter. Invesco Ltd. now owns 415,582 shares of the software maker's stock valued at $52,334,000 after buying an additional 11,481 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

QLYS has been the subject of a number of analyst reports. UBS Group dropped their price target on shares of Qualys from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Tuesday. Zacks Research downgraded shares of Qualys from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Wedbush boosted 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. DA Davidson boosted their price objective on shares of Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley boosted their price objective on shares of Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $140.62.

Qualys Stock Performance

NASDAQ QLYS opened at $131.84 on Wednesday. The firm's fifty day moving average price is $132.32 and its two-hundred day moving average price is $133.62. The stock has a market cap of $4.76 billion, a PE ratio of 26.32 and a beta of 0.62. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.21. The firm had revenue of $164.06 million for the quarter, compared to analysts' expectations of $161.25 million. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company's revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. 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, sell-side analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Activity

In other Qualys news, 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 transaction of $228,990.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 787 shares of the business's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $129.17, for a total transaction of $101,656.79. Following the sale, the chief financial officer directly owned 92,864 shares in the company, valued at approximately $11,995,242.88. The trade was a 0.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,364 shares of company stock valued at $5,162,899. 1.00% of the stock is currently owned by insiders.

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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