Ergoteles LLC Purchases Shares of 1,928 Qualys, Inc. (NASDAQ:QLYS)

Ergoteles LLC purchased a new stake in Qualys, Inc. (NASDAQ:QLYS – Get Rating) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,928 shares of the software maker’s stock, valued at approximately $269,000.

A number of other hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Qualys by 2.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,774 shares of the software maker’s stock valued at $386,000 after purchasing an additional 72 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Qualys by 2.4% during the 3rd quarter. Tributary Capital Management LLC now owns 3,937 shares of the software maker’s stock valued at $549,000 after acquiring an additional 91 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Qualys by 9.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,073 shares of the software maker’s stock valued at $150,000 after acquiring an additional 97 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Qualys by 6.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,713 shares of the software maker’s stock valued at $239,000 after acquiring an additional 106 shares in the last quarter. Finally, Van Hulzen Asset Management LLC lifted its holdings in shares of Qualys by 2.9% during the 3rd quarter. Van Hulzen Asset Management LLC now owns 3,887 shares of the software maker’s stock valued at $542,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Qualys Stock Performance

QLYS opened at $122.15 on Friday. The company has a 50-day moving average of $114.11 and a 200-day moving average of $127.67. The company has a market capitalization of $4.52 billion, a P/E ratio of 44.26 and a beta of 0.62. Qualys, Inc. has a 1-year low of $101.10 and a 1-year high of $162.36.

Insider Transactions at Qualys

In other news, insider Bruce K. Posey sold 1,170 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $120.33, for a total value of $140,786.10. Following the completion of the sale, the insider now owns 62,409 shares of the company’s stock, valued at approximately $7,509,674.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Bruce K. Posey sold 1,170 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $120.33, for a total value of $140,786.10. Following the completion of the sale, the insider now owns 62,409 shares of the company’s stock, valued at approximately $7,509,674.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Allan Peters sold 553 shares of the business’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $115.50, for a total transaction of $63,871.50. Following the sale, the executive now directly owns 43,075 shares of the company’s stock, valued at approximately $4,975,162.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,049 shares of company stock valued at $1,856,560. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on QLYS shares. Morgan Stanley reduced their target price on shares of Qualys from $118.00 to $103.00 and set an “underweight” rating on the stock in a report on Thursday, January 12th. Truist Financial reduced their target price on shares of Qualys from $125.00 to $110.00 in a report on Monday, January 9th. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday, November 12th. Needham & Company LLC downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Qualys in a research note on Tuesday, January 24th. They set an “underweight” rating and a $109.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $141.29.

Qualys Company Profile

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Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures, help protect information technology systems and applications from cyber attacks, and achieve compliance with internal policies and external regulations.