Financial Advocates Investment Management Raises Holdings in Qualys, Inc. (NASDAQ:QLYS)

Financial Advocates Investment Management raised its position in Qualys, Inc. (NASDAQ:QLYS) by 8.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,508 shares of the software maker’s stock after purchasing an additional 205 shares during the period. Financial Advocates Investment Management’s holdings in Qualys were worth $322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QLYS. Millennium Management LLC boosted its holdings in shares of Qualys by 100.7% during the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after purchasing an additional 184,403 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in Qualys by 169.7% during the first quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock worth $40,970,000 after buying an additional 154,492 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Qualys by 95.7% in the 2nd quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock valued at $40,771,000 after buying an additional 139,897 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Qualys by 14.5% in the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after acquiring an additional 117,079 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Qualys by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after acquiring an additional 83,504 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Wall Street Analysts Forecast Growth

QLYS has been the subject of several recent analyst reports. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. UBS Group reduced their price target on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Scotiabank lowered their price objective on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. TD Cowen reduced their target price on Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, October 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Qualys has a consensus rating of “Hold” and an average target price of $144.23.

Insider Activity at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now owns 179,649 shares in the company, valued at $22,493,851.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the completion of the transaction, the insider now owns 55,279 shares in the company, valued at $6,830,273.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now owns 179,649 shares of the company’s stock, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,919 shares of company stock worth $1,360,140. Company insiders own 1.00% of the company’s stock.

Qualys Stock Performance

Shares of QLYS opened at $120.34 on Monday. The stock has a market capitalization of $4.43 billion, a PE ratio of 26.51 and a beta of 0.47. The company’s 50-day simple moving average is $124.20 and its 200-day simple moving average is $136.68. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating the consensus estimate of $1.32 by $0.20. The company had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 EPS. On average, sell-side analysts predict that Qualys, Inc. will post 3.94 earnings per share for the current year.

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.