Seven Eight Capital LP Has $1.44 Million Holdings in Qualys, Inc. (NASDAQ:QLYS)

Seven Eight Capital LP raised its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 306.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,108 shares of the software maker’s stock after purchasing an additional 7,623 shares during the period. Seven Eight Capital LP’s holdings in Qualys were worth $1,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in shares of Qualys by 151.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,700 shares of the software maker’s stock valued at $726,000 after purchasing an additional 2,226 shares in the last quarter. Quest Partners LLC bought a new position in shares of Qualys during the 4th quarter worth approximately $524,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Qualys by 247.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 8,172 shares of the software maker’s stock worth $1,604,000 after buying an additional 5,823 shares during the last quarter. BayBridge Capital Group LLC bought a new position in shares of Qualys in the fourth quarter valued at approximately $436,000. Finally, Congress Wealth Management LLC DE increased its position in shares of Qualys by 1.6% during the fourth quarter. Congress Wealth Management LLC DE now owns 137,345 shares of the software maker’s stock valued at $26,958,000 after acquiring an additional 2,097 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Price Performance

Qualys stock opened at $123.32 on Friday. The firm has a market capitalization of $4.54 billion, a P/E ratio of 28.55 and a beta of 0.46. Qualys, Inc. has a one year low of $119.32 and a one year high of $206.35. The business has a fifty day moving average price of $131.00 and a 200-day moving average price of $146.19.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, beating 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 business had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. During the same quarter in the previous year, the firm earned $0.95 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Sell-side analysts expect that Qualys, Inc. will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the transaction, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now owns 86,576 shares of the company’s stock, valued at $10,695,599.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $143.35, for a total value of $191,945.65. Following the completion of the transaction, the insider now owns 58,947 shares in the company, valued at $8,450,052.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,205 shares of company stock valued at $1,444,369. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Scotiabank decreased their price objective on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Piper Sandler dropped their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Wedbush decreased their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.83.

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.