LPL Financial LLC increased its position in shares of Qualys, Inc. (NASDAQ:QLYS – Free Report) by 6.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,439 shares of the software maker’s stock after acquiring an additional 720 shares during the period. LPL Financial LLC’s holdings in Qualys were worth $1,607,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of QLYS. Mutual Advisors LLC bought a new stake in shares of Qualys in the 2nd quarter valued at about $393,000. Inspire Investing LLC raised its stake in shares of Qualys by 11.9% in the second quarter. Inspire Investing LLC now owns 13,549 shares of the software maker’s stock worth $1,750,000 after purchasing an additional 1,445 shares during the last quarter. Carson Advisory Inc. purchased a new stake in shares of Qualys in the second quarter worth approximately $584,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Qualys during the second quarter valued at approximately $14,095,000. Finally, Virtu Financial LLC purchased a new stake in shares of Qualys during the second quarter valued at approximately $228,000. Institutional investors own 95.90% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Northland Securities increased their price target on Qualys from $132.00 to $136.00 in a research report on Friday, August 4th. StockNews.com raised Qualys from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Wedbush increased their price objective on Qualys from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Truist Financial increased their price objective on Qualys from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Stephens initiated coverage on Qualys in a report on Thursday, August 17th. They issued an “equal weight” rating and a $145.00 price target for the company. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Qualys currently has a consensus rating of “Hold” and a consensus target price of $136.08.
Qualys Stock Performance
Shares of QLYS stock opened at $172.93 on Tuesday. The business’s fifty day moving average is $157.27 and its 200 day moving average is $140.47. The company has a market capitalization of $6.36 billion, a PE ratio of 46.74 and a beta of 0.53. Qualys, Inc. has a 52-week low of $101.10 and a 52-week high of $173.05.
Qualys (NASDAQ:QLYS – Get Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.38. The business had revenue of $142.00 million for the quarter, compared to analysts’ expectations of $141.00 million. Qualys had a return on equity of 48.17% and a net margin of 25.77%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. On average, sell-side analysts forecast that Qualys, Inc. will post 3.78 EPS for the current fiscal year.
Insider Transactions at Qualys
In other news, insider Bruce K. Posey sold 1,578 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $145.49, for a total value of $229,583.22. Following the sale, the insider now directly owns 52,377 shares of the company’s stock, valued at approximately $7,620,329.73. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Bruce K. Posey sold 1,595 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $156.89, for a total value of $250,239.55. Following the completion of the transaction, the insider now directly owns 51,203 shares in the company, valued at approximately $8,033,238.67. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce K. Posey sold 1,578 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $145.49, for a total transaction of $229,583.22. Following the sale, the insider now owns 52,377 shares of the company’s stock, valued at $7,620,329.73. The disclosure for this sale can be found here. Insiders have sold a total of 18,338 shares of company stock valued at $2,858,204 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.
Qualys Company Profile
Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.
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