Qualys, Inc. $QLYS Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management raised its stake in Qualys, Inc. by 92.2% in Q1, now owning approximately 643,238 shares worth $81 million.
• Qualys announced Q2 earnings of $1.68 per share, exceeding analyst expectations, with revenue totaling $164.06 million, a 10.3% increase year-over-year.
• Several analysts have updated their price targets on Qualys, with the average target now set at $141.00, reflecting a mixed outlook with ratings ranging from 'Strong Buy' to 'Sell'.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 92.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 643,238 shares of the software maker's stock after purchasing an additional 308,635 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.77% of Qualys worth $81,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in QLYS. Jefferies Financial Group Inc. purchased a new stake in shares of Qualys in the fourth quarter valued at $273,000. Janus Henderson Group PLC grew its position in shares of Qualys by 8.1% in the fourth quarter. Janus Henderson Group PLC now owns 42,231 shares of the software maker's stock valued at $5,922,000 after purchasing an additional 3,160 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Qualys in the fourth quarter valued at $680,000. Quantinno Capital Management LP purchased a new stake in Qualys during the fourth quarter valued at about $213,000. Finally, ProShare Advisors LLC grew its position in Qualys by 40.8% during the fourth quarter. ProShare Advisors LLC now owns 12,246 shares of the software maker's stock valued at $1,717,000 after acquiring an additional 3,548 shares during the period. Hedge funds and other institutional investors own 99.31% of the company's stock.

Insiders Place Their Bets

In related news, Director John A. Zangardi sold 3,860 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $134.82, for a total value of $520,405.20. Following the transaction, the director owned 7,174 shares in the company, valued at approximately $967,198.68. The trade was a 34.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Joo Mi Kim sold 1,018 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $132.26, for a total value of $134,640.68. Following the completion of the transaction, the chief financial officer owned 94,468 shares in the company, valued at approximately $12,494,337.68. This trade represents a 1.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,565 shares of company stock worth $7,102,258. 0.88% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Wedbush boosted their price target on Qualys from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Jefferies Financial Group boosted their price target on Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. DA Davidson boosted their price target on Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, UBS Group boosted their price target on Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $141.00.

Qualys Trading Up 2.7%

Shares of QLYS traded up $3.57 during midday trading on Thursday, reaching $135.78. 285,019 shares of the company were exchanged, compared to its average volume of 284,936. The stock has a 50-day moving average price of $134.18 and a 200-day moving average price of $132.98. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 27.10 and a beta of 0.65. 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 released its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, topping the consensus estimate of $1.47 by $0.21. Qualys had a return on equity of 37.19% and a net margin of 29.04%.The business had revenue of $164.06 million for the quarter, compared to analysts' expectations of $161.25 million. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The company's revenue was up 10.3% compared to the same quarter last year. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. Equities research analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

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.