United Services Automobile Association Purchases New Shares in Qualys, Inc. $QLYS

Key Points

• United Services Automobile Association has acquired a new stake in Qualys, Inc., purchasing 2,404 shares valued at approximately $306,000 in the first quarter.
• Multiple institutional investors have also increased their holdings in Qualys, with AQR Capital Management boosting its stake by 96.8%, now owning 688,776 shares valued at over $85 million.
• Analysts recently adjusted target prices for Qualys, with UBS Group raising it from $140 to $150, reflecting a consensus average target price of $141 as the stock continues to be rated predominantly as a "Hold."

United Services Automobile Association bought a new stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,404 shares of the software maker's stock, valued at approximately $306,000.

A number of other large investors also recently added to or reduced their stakes in the business. State of Michigan Retirement System increased its stake in Qualys by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker's stock worth $1,105,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Qualys by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the software maker's stock valued at $1,297,000 after buying an additional 100 shares during the last quarter. Securian Asset Management Inc. lifted its holdings in Qualys by 3.7% during the 1st quarter. Securian Asset Management Inc. now owns 2,809 shares of the software maker's stock valued at $354,000 after purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Qualys by 27.9% during the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock valued at $63,000 after purchasing an additional 109 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Qualys by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 4,287 shares of the software maker's stock valued at $539,000 after purchasing an additional 115 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Price Performance

Shares of Qualys stock traded up $3.57 during trading hours on Thursday, hitting $135.78. 285,019 shares of the company's stock traded hands, compared to its average volume of 284,936. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $170.00. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 27.10 and a beta of 0.65. The company has a fifty day simple moving average of $134.18 and a 200-day simple moving average of $132.98.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $164.06 million during the quarter, compared to analyst estimates of $161.25 million. During the same period last year, the firm posted $1.52 EPS. The business'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. On average, analysts forecast that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Analyst Ratings Changes

QLYS has been the subject of a number of research reports. UBS Group lifted their target price on Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Wall Street Zen cut Qualys from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Zacks Research upgraded Qualys to a "strong-buy" rating in a research report on Monday, August 11th. DA Davidson boosted their price target on Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Scotiabank boosted their price target on Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $141.00.

Insider Transactions at Qualys

In other news, Director John A. Zangardi sold 3,860 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $134.82, for a total transaction of $520,405.20. Following the completion of the transaction, the director owned 7,174 shares in the company, valued at approximately $967,198.68. This represents a 34.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 12,000 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $149.25, for a total value of $1,791,000.00. Following the transaction, the chief executive officer owned 217,962 shares of the company's stock, valued at $32,530,828.50. The trade was a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,565 shares of company stock worth $7,102,258 over the last 90 days. 0.88% of the stock is owned by 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.