Raymond James & Associates decreased its stake in Qualys, Inc. (NASDAQ:QLYS – Free Report) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,401 shares of the software maker’s stock after selling 269 shares during the quarter. Raymond James & Associates owned approximately 0.08% of Qualys worth $3,927,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of QLYS. Baker Tilly Wealth Management LLC boosted its holdings in Qualys by 1.5% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 5,406 shares of the software maker’s stock valued at $698,000 after purchasing an additional 80 shares during the last quarter. Dark Forest Capital Management LP grew its position in Qualys by 58.2% in the first quarter. Dark Forest Capital Management LP now owns 242 shares of the software maker’s stock worth $31,000 after acquiring an additional 89 shares during the period. Metropolitan Life Insurance Co NY increased its stake in Qualys by 4.2% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,374 shares of the software maker’s stock worth $266,000 after acquiring an additional 95 shares during the last quarter. Torray Investment Partners LLC raised its position in Qualys by 1.2% in the first quarter. Torray Investment Partners LLC now owns 8,396 shares of the software maker’s stock valued at $1,092,000 after purchasing an additional 99 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Qualys by 71.0% in the 1st quarter. Parallel Advisors LLC now owns 277 shares of the software maker’s stock valued at $36,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Wall Street Analysts Forecast Growth
QLYS has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on shares of Qualys from $95.00 to $104.00 and gave the company an “underweight” rating in a report on Tuesday, August 8th. UBS Group assumed coverage on shares of Qualys in a research note on Thursday, July 6th. They issued a “neutral” rating and a $135.00 price target on the stock. Canaccord Genuity Group increased their price objective on shares of Qualys from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Finally, Northland Securities raised their price target on Qualys from $132.00 to $136.00 in a research report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $132.71.
Insider Buying and Selling
In other Qualys news, insider Bruce K. Posey sold 1,578 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $145.49, for a total value of $229,583.22. Following the sale, the insider now directly owns 52,377 shares in the company, valued at $7,620,329.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Bruce K. Posey sold 1,595 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $156.89, for a total value of $250,239.55. Following the transaction, the insider now directly owns 51,203 shares of the company’s stock, valued at approximately $8,033,238.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce K. Posey sold 1,578 shares of Qualys stock in a transaction on Monday, August 21st. The stock was sold at an average price of $145.49, for a total transaction of $229,583.22. Following the sale, the insider now owns 52,377 shares in the company, valued at $7,620,329.73. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,509 shares of company stock worth $4,227,812. Corporate insiders own 1.20% of the company’s stock.
Qualys Stock Performance
Shares of QLYS opened at $151.95 on Thursday. Qualys, Inc. has a 1 year low of $101.10 and a 1 year high of $165.03. The stock has a market capitalization of $5.58 billion, a PE ratio of 47.93 and a beta of 0.60. The stock has a 50-day simple moving average of $154.13 and a 200-day simple moving average of $136.87.
Qualys (NASDAQ:QLYS – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.30. Qualys had a net margin of 22.98% and a return on equity of 40.52%. The company had revenue of $137.21 million during the quarter, compared to the consensus estimate of $135.55 million. Analysts predict that Qualys, Inc. will post 3.2 EPS for the current year.
Qualys Company Profile
Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.
Recommended Stories
- Five stocks we like better than Qualys
- Basic Materials Stocks Investing
- The top 3 stocks insiders are selling, but you shouldn’t
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Spirit AeroSystems Goes Airborne After Inking a Boeing Deal
- What is the NASDAQ Stock Exchange?
- Simon Property Group’s 7.2% Dividend Has Insiders Buying In Bulk
Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.
