Pathstone Holdings LLC Raises Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Pathstone Holdings LLC increased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 8.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,650 shares of the software maker’s stock after acquiring an additional 858 shares during the quarter. Pathstone Holdings LLC’s holdings in Qualys were worth $1,368,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC grew its position in shares of Qualys by 100.7% during the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock valued at $52,401,000 after acquiring an additional 184,403 shares during the period. Acadian Asset Management LLC grew its holdings in 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 purchasing an additional 139,897 shares during the period. Boston Trust Walden Corp increased its position in 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 last quarter. Hantz Financial Services Inc. bought a new stake in shares of Qualys in the second quarter valued at $10,132,000. Finally, AQR Capital Management LLC lifted its position in shares of Qualys by 25.6% during the 2nd quarter. AQR Capital Management LLC now owns 315,970 shares of the software maker’s stock valued at $44,994,000 after buying an additional 64,394 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Insider Activity

In other news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value 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 approximately $10,695,599.04. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the transaction, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. The trade was a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,919 shares of company stock valued at $2,993,000. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Westpark Capital restated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. 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. Scotiabank lowered their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Needham & Company LLC started coverage on Qualys in a report on Wednesday, November 6th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $152.80.

Qualys Stock Down 0.8 %

QLYS opened at $154.68 on Friday. The business’s fifty day simple moving average is $133.13 and its 200 day simple moving average is $134.91. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35. The stock has a market cap of $5.66 billion, a PE ratio of 34.07 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same quarter in the previous year, the company posted $1.24 EPS. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current year.

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.