NewSquare Capital LLC Takes Position in Qualys, Inc. (NASDAQ:QLYS)

NewSquare Capital LLC purchased a new position in Qualys, Inc. (NASDAQ:QLYS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,010 shares of the software maker's stock, valued at approximately $3,731,000. NewSquare Capital LLC owned approximately 0.05% of Qualys as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CWM LLC raised its position in shares of Qualys by 353.8% during the 3rd quarter. CWM LLC now owns 422 shares of the software maker's stock valued at $64,000 after buying an additional 329 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Qualys by 4.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,362 shares of the software maker's stock valued at $665,000 after buying an additional 200 shares in the last quarter. Park Place Capital Corp raised its position in shares of Qualys by 12.3% during the 3rd quarter. Park Place Capital Corp now owns 733 shares of the software maker's stock valued at $112,000 after buying an additional 80 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Qualys by 4.4% during the 3rd quarter. Boston Trust Walden Corp now owns 794,790 shares of the software maker's stock valued at $121,245,000 after buying an additional 33,214 shares in the last quarter. Finally, Caprock Group LLC raised its position in shares of Qualys by 4.3% during the 3rd quarter. Caprock Group LLC now owns 3,674 shares of the software maker's stock valued at $560,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Insider Activity at Qualys

In related news, CEO Sumedh S. Thakar sold 4,120 shares of the firm's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the sale, the chief executive officer now owns 194,481 shares in the company, valued at $32,598,905.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Sumedh S. Thakar sold 4,034 shares of Qualys stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $163.96, for a total value of $661,414.64. Following the sale, the chief executive officer now owns 193,608 shares in the company, valued at $31,743,967.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 4,120 shares of Qualys stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the completion of the sale, the chief executive officer now owns 194,481 shares in the company, valued at approximately $32,598,905.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,792 shares of company stock worth $2,455,489. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wedbush cut their price target on shares of Qualys from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Thursday, February 8th. Truist Financial upped their price target on shares of Qualys from $145.00 to $175.00 and gave the company a "hold" rating in a report on Tuesday, January 16th. StockNews.com downgraded shares of Qualys from a "buy" rating to a "hold" rating in a report on Sunday. Royal Bank of Canada cut their price target on shares of Qualys from $212.00 to $180.00 and set a "sector perform" rating on the stock in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Qualys from $146.00 to $152.00 and gave the company an "underweight" rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Qualys currently has an average rating of "Hold" and a consensus target price of $153.23.

Qualys Stock Up 0.3 %

Shares of NASDAQ:QLYS traded up $0.57 during midday trading on Wednesday, reaching $172.11. The company's stock had a trading volume of 355,692 shares, compared to its average volume of 461,837. The firm has a market capitalization of $6.36 billion, a PE ratio of 42.60 and a beta of 0.51. Qualys, Inc. has a twelve month low of $107.00 and a twelve month high of $206.35. The stock has a fifty day moving average of $166.41 and a 200 day moving average of $175.60.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.26. The firm had revenue of $144.57 million for the quarter, compared to analyst estimates of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. Sell-side analysts anticipate that Qualys, Inc. will post 3.35 earnings per share for the current fiscal year.

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.