Qualys, Inc. (NASDAQ:QLYS) Holdings Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 7.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,267 shares of the software maker’s stock after buying an additional 290 shares during the period. State of Alaska Department of Revenue’s holdings in Qualys were worth $548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. raised its position in Qualys by 294.7% during the second 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 in the last quarter. UMB Bank n.a. lifted its stake in shares of Qualys by 149.0% in the 2nd 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 in the second quarter worth $40,000. DT Investment Partners LLC acquired a new position in Qualys during the second quarter worth $41,000. Finally, Exchange Traded Concepts LLC raised its holdings in Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after buying an additional 223 shares in the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Qualys news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $122.19, for a total value of $77,468.46. Following the sale, the chief financial officer now owns 85,942 shares of the company’s stock, valued at $10,501,252.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the sale, the insider now owns 55,618 shares in the company, valued at approximately $6,885,508.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joo Mi Kim sold 634 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.19, for a total value of $77,468.46. Following the completion of the transaction, the chief financial officer now owns 85,942 shares of the company’s stock, valued at approximately $10,501,252.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,919 shares of company stock valued at $1,360,140. Company insiders own 1.00% of the company’s stock.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $155.08 on Friday. The firm’s 50 day simple moving average is $125.52 and its 200 day simple moving average is $136.45. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 34.16 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.23. The company had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Equities research analysts expect that Qualys, Inc. will post 3.94 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on QLYS. Wedbush reduced their target price on Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Piper Sandler reduced 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. UBS Group raised their target price on shares of Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday. TD Cowen lifted their target price on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Truist Financial upped their price target on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Qualys currently has an average rating of “Hold” and an average 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.