Choreo LLC Makes New Investment in Qualys, Inc. (NASDAQ:QLYS)

Choreo LLC bought a new position in Qualys, Inc. (NASDAQ:QLYS) in the second quarter, HoldingsChannel.com reports. The fund bought 1,857 shares of the software maker’s stock, valued at approximately $264,000.

A number of other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in Qualys by 121.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 360,294 shares of the software maker’s stock worth $70,719,000 after purchasing an additional 197,911 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Qualys by 50.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock valued at $83,743,000 after buying an additional 169,293 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of 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 acquiring an additional 154,492 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Qualys by 95.7% during the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock valued at $40,771,000 after acquiring an additional 139,897 shares during the period. Finally, Wellington Management Group LLP bought a new position in Qualys in the fourth quarter valued at about $18,844,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QLYS has been the subject of several recent research reports. UBS Group dropped their price objective on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada dropped their price target on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. DA Davidson raised shares of Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Finally, Piper Sandler reduced their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Qualys currently has an average rating of “Hold” and a consensus price target of $147.83.

Qualys Trading Down 0.9 %

Shares of Qualys stock opened at $123.17 on Thursday. The stock’s fifty day simple moving average is $131.38 and its 200 day simple moving average is $146.35. The company has a market capitalization of $4.53 billion, a PE ratio of 28.51 and a beta of 0.46. Qualys, Inc. has a 12 month low of $119.32 and a 12 month high of $206.35.

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

Insider Buying and Selling at Qualys

In other news, CFO Joo Mi Kim sold 634 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $144.75, for a total transaction of $91,771.50. Following the completion of the sale, the chief financial officer now owns 90,745 shares of the company’s stock, valued at $13,135,338.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $144.75, for a total transaction of $91,771.50. Following the completion of the transaction, the chief financial officer now directly owns 90,745 shares of the company’s stock, valued at $13,135,338.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total value of $191,945.65. Following the completion of the sale, the insider now directly owns 58,947 shares in the company, valued at approximately $8,450,052.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,205 shares of company stock valued at $1,444,369. 1.00% of the stock is currently owned by corporate 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.