Janney Montgomery Scott LLC Grows Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Janney Montgomery Scott LLC boosted its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,004 shares of the software maker’s stock after buying an additional 1,163 shares during the quarter. Janney Montgomery Scott LLC owned 0.25% of Qualys worth $11,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Qualys by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after purchasing an additional 83,504 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Qualys by 14.5% in the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after buying an additional 117,079 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Qualys by 15.3% in the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after buying an additional 63,000 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Qualys by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after acquiring an additional 3,357 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its holdings in Qualys by 1.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock valued at $53,095,000 after acquiring an additional 4,932 shares during the period. Institutional investors own 99.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC initiated coverage on shares of Qualys in a report on Wednesday. They set a “hold” rating for the company. Scotiabank lowered their price objective on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Piper Sandler cut their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley upped their price target on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada lifted their price objective on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $152.80.

Qualys Stock Performance

Shares of NASDAQ QLYS opened at $159.23 on Thursday. 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 cap of $5.86 billion, a PE ratio of 35.07 and a beta of 0.47. The business has a 50-day simple moving average of $124.93 and a two-hundred day simple moving average of $136.32.

Qualys (NASDAQ:QLYS) last released its 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 net margin of 29.36% and a return on equity of 44.80%. The company had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. During the same period last year, the business earned $0.95 EPS. Qualys’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts predict that Qualys, Inc. will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Qualys Company 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.