Wellington Management Group LLP Takes Position in Qualys, Inc. $QLYS

Key Points

• Wellington Management acquired 141,444 Qualys shares worth approximately $19.4 million, giving it a 0.41% stake. Institutional investors collectively own 99.31% of the company.
• Qualys exceeded quarterly expectations, reporting $1.98 in EPS versus the $1.78 consensus and $182.18 million in revenue, up 11.1% year over year.
• Analysts maintain a consensus “Hold” rating with a $170.53 price target, while shares recently opened at $171.65; several firms raised their targets, including Scotiabank to $220.

Wellington Management Group LLP bought a new stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 141,444 shares of the software maker's stock, valued at approximately $19,447,000. Wellington Management Group LLP owned about 0.41% of Qualys at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Qualys during the second quarter valued at approximately $792,316,000. Legal & General Group Plc bought a new stake in shares of Qualys during the second quarter valued at approximately $197,624,000. First Trust Advisors LP increased its holdings in Qualys by 24.1% in the 4th quarter. First Trust Advisors LP now owns 1,372,587 shares of the software maker's stock valued at $182,417,000 after acquiring an additional 266,924 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Qualys by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 1,256,002 shares of the software maker's stock worth $168,380,000 after purchasing an additional 48,877 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Qualys by 46.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,012,100 shares of the software maker's stock worth $144,133,000 after acquiring an additional 323,324 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Qualys Price Performance

Shares of QLYS stock opened at $171.65 on Monday. Qualys, Inc. has a 1 year low of $74.51 and a 1 year high of $201.54. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 29.70 and a beta of 0.62. The business has a fifty day moving average of $163.98 and a 200 day moving average of $120.38.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, August 4th. The software maker reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. Qualys had a return on equity of 37.52% and a net margin of 29.38%.The firm had revenue of $182.18 million during the quarter, compared to the consensus estimate of $178.57 million. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company's revenue was up 11.1% compared to the same quarter last year. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. As a group, equities research analysts expect that Qualys, Inc. will post 5.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Qualys from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Scotiabank increased their target price on Qualys from $190.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Jefferies Financial Group lifted their price target on shares of Qualys from $150.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on Qualys from $139.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Finally, Royal Bank Of Canada boosted their price objective on shares of Qualys from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $170.53.

Insider Buying and Selling

In other news, insider Bruce K. Posey sold 1,000 shares of the business's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $155.00, for a total value of $155,000.00. Following the completion of the transaction, the insider owned 63,571 shares of the company's stock, valued at $9,853,505. The trade was a 1.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sumedh Thakar sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $135.00, for a total value of $4,050,000.00. Following the completion of the transaction, the chief executive officer directly owned 196,686 shares of the company's stock, valued at $26,552,610. The trade was a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 58,614 shares of company stock worth $7,747,968. Corporate insiders own 0.72% of the company's stock.

Qualys Profile

Qualys, Inc NASDAQ: QLYS is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company's flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.

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