Commonwealth Equity Services LLC Increases Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Commonwealth Equity Services LLC increased its holdings in Qualys, Inc. (NASDAQ:QLYS) by 10.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,983 shares of the software maker’s stock after purchasing an additional 380 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Qualys were worth $665,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in shares of Qualys by 121.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 360,294 shares of the software maker’s stock valued at $70,719,000 after acquiring an additional 197,911 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Qualys by 172.3% during the 4th quarter. California Public Employees Retirement System now owns 193,056 shares of the software maker’s stock worth $37,893,000 after purchasing an additional 122,168 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Qualys by 201,932.8% during the fourth quarter. International Assets Investment Management LLC now owns 117,179 shares of the software maker’s stock worth $23,000,000 after buying an additional 117,121 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Qualys in the fourth quarter valued at approximately $18,844,000. Finally, Norden Group LLC lifted its stake in shares of Qualys by 1,806.6% during the first quarter. Norden Group LLC now owns 81,871 shares of the software maker’s stock valued at $13,662,000 after buying an additional 77,577 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

QLYS has been the subject of several analyst reports. Robert W. Baird cut their price target on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Truist Financial dropped their target price on Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Scotiabank initiated coverage on Qualys in a research note on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price target on the stock. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, TD Cowen assumed coverage on shares of Qualys in a research report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Qualys has a consensus rating of “Hold” and a consensus target price of $164.50.

Qualys Price Performance

NASDAQ:QLYS opened at $140.85 on Thursday. The business’s 50-day moving average is $143.74 and its two-hundred day moving average is $164.39. The firm has a market capitalization of $5.20 billion, a PE ratio of 32.60 and a beta of 0.49. Qualys, Inc. has a 12 month low of $126.46 and a 12 month high of $206.35.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, topping the consensus estimate of $0.88 by $0.17. The firm had revenue of $145.81 million for the quarter, compared to analyst estimates of $145.67 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. Equities analysts anticipate that Qualys, Inc. will post 3.42 EPS for the current year.

Insider Activity

In related news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $135.14, for a total transaction of $179,736.20. Following the sale, the insider now owns 59,286 shares of the company’s stock, valued at approximately $8,011,910.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Qualys news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $135.56, for a total value of $83,504.96. Following the transaction, the chief financial officer now directly owns 92,580 shares of the company’s stock, valued at approximately $12,550,144.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total transaction of $179,736.20. Following the sale, the insider now directly owns 59,286 shares of the company’s stock, valued at approximately $8,011,910.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,165 shares of company stock worth $3,925,202. 1.00% of the stock is currently owned by company insiders.

About Qualys

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.