Qualys, Inc. (NASDAQ:QLYS) Position Raised by Martingale Asset Management L P

Martingale Asset Management L P grew its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 28.0% during the 3rd quarter, Holdings Channel reports. The firm owned 21,154 shares of the software maker’s stock after purchasing an additional 4,625 shares during the period. Martingale Asset Management L P’s holdings in Qualys were worth $2,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after acquiring an additional 168 shares during the last quarter. UMB Bank n.a. lifted its stake in Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the last quarter. Quarry LP bought a new stake in Qualys during the second quarter worth approximately $40,000. DT Investment Partners LLC acquired a new position in Qualys in the second quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Qualys Price Performance

NASDAQ QLYS opened at $153.60 on Friday. The stock’s 50-day moving average is $134.34 and its two-hundred day moving average is $134.98. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The firm has a market cap of $5.62 billion, a P/E ratio of 33.83 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last posted 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 company had revenue of $153.87 million for the quarter, compared to analyst estimates 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 period last year, the business posted $1.24 EPS. On average, equities analysts expect that Qualys, Inc. will post 4.34 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on QLYS shares. Wedbush decreased their target price on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC began coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating on the stock. Truist Financial raised their target price on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. DA Davidson boosted their price target on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Piper Sandler decreased their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Qualys has an average rating of “Hold” and a consensus target price of $152.80.

Insider Transactions at Qualys

In other news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the sale, the insider now directly owns 55,618 shares in the company, valued at approximately $6,885,508.40. The trade was a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the transaction, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,919 shares of company stock valued at $2,993,000. 1.00% of the stock is owned by corporate 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.