Twinbeech Capital LP Increases Stake in Qualys, Inc. (NASDAQ:QLYS)

Twinbeech Capital LP raised its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 907.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,996 shares of the software maker's stock after purchasing an additional 18,012 shares during the period. Twinbeech Capital LP owned approximately 0.05% of Qualys worth $2,804,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QLYS. Charles Schwab Investment Management Inc. lifted its position in shares of Qualys by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock valued at $64,016,000 after purchasing an additional 3,848 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Qualys during the 4th quarter worth approximately $15,937,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Qualys by 13.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker's stock worth $1,095,000 after buying an additional 933 shares during the last quarter. Trust Point Inc. bought a new position in shares of Qualys in the fourth quarter valued at approximately $376,000. Finally, Kestra Private Wealth Services LLC increased its position in shares of Qualys by 26.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker's stock valued at $596,000 after acquiring an additional 902 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $123.81, for a total transaction of $866,670.00. Following the transaction, the chief executive officer now directly owns 246,313 shares of the company's stock, valued at approximately $30,496,012.53. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 524 shares of the firm's stock in a transaction that occurred 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. The trade was a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,127 shares of company stock valued at $1,904,252 in the last three months. Company insiders own 0.88% of the company's stock.

Qualys Stock Down 1.4%

QLYS traded down $1.92 during trading on Monday, reaching $134.51. 273,690 shares of the company were exchanged, compared to its average volume of 383,170. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $170.00. The company's 50-day moving average is $127.47 and its two-hundred day moving average is $136.72. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 28.93 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.21. The firm had revenue of $159.90 million for the quarter, compared to the consensus estimate of $157.05 million. Qualys had a net margin of 28.59% and a return on equity of 38.52%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. Equities analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

Wall Street Analyst Weigh In

QLYS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Morgan Stanley reduced their price target on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group decreased their price objective on shares of Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a report on Monday, March 31st. Scotiabank set a $142.00 target price on shares of Qualys and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Loop Capital reduced their target price on shares of Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Qualys currently has a consensus rating of "Hold" and an average target price of $137.50.

Qualys Company 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.