Norris Perne & French LLP MI Acquires 882 Shares of Qualys, Inc. (NASDAQ:QLYS)

Norris Perne & French LLP MI grew its stake in Qualys, Inc. (NASDAQ:QLYS) by 0.8% during the 4th quarter, HoldingsChannel reports. The firm owned 114,700 shares of the software maker’s stock after acquiring an additional 882 shares during the quarter. Norris Perne & French LLP MI’s holdings in Qualys were worth $16,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Aigen Investment Management LP acquired a new position in Qualys in the third quarter valued at approximately $445,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Qualys by 208.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock valued at $11,072,000 after acquiring an additional 58,252 shares in the last quarter. Intech Investment Management LLC raised its position in Qualys by 428.9% in the 3rd quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock valued at $2,345,000 after buying an additional 14,804 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Qualys by 40.0% in the third quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after purchasing an additional 8,291 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Qualys by 6.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker’s stock worth $8,134,000 after buying an additional 4,040 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Stock Down 3.7 %

Shares of NASDAQ:QLYS opened at $139.73 on Friday. The business has a fifty day moving average of $144.69 and a two-hundred day moving average of $135.80. Qualys, Inc. has a 52-week low of $119.17 and a 52-week high of $192.09. The stock has a market cap of $5.11 billion, a P/E ratio of 30.78 and a beta of 0.57.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. On average, equities analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current year.

Insider Transactions at Qualys

In other news, insider Bruce K. Posey sold 855 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the transaction, the insider now directly owns 63,177 shares of the company’s stock, valued at $8,986,296.48. This represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joo Mi Kim sold 1,332 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $157.37, for a total transaction of $209,616.84. Following the completion of the sale, the chief financial officer now owns 113,652 shares in the company, valued at $17,885,415.24. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,259 shares of company stock worth $4,578,153. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on QLYS shares. UBS Group raised their price objective on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Truist Financial raised their price objective on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Westpark Capital restated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Finally, Needham & Company LLC started coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Qualys presently has an average rating of “Hold” and a consensus target price of $152.80.

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.