Fmr LLC Has $7.37 Million Position in Qualys, Inc. (NASDAQ:QLYS)

Fmr LLC lifted its position in Qualys, Inc. (NASDAQ:QLYS) by 21.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,399 shares of the software maker’s stock after acquiring an additional 10,170 shares during the period. Fmr LLC owned approximately 0.16% of Qualys worth $7,374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after acquiring an additional 168 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after purchasing an additional 143 shares during the period. Quarry LP acquired a new position in shares of Qualys in the second quarter valued at about $40,000. DT Investment Partners LLC acquired a new stake in Qualys during the second quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC lifted its position in Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on QLYS shares. Morgan Stanley increased their target price on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. UBS Group lifted their price target on shares of Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Needham & Company LLC assumed coverage on shares of Qualys in a research report on Wednesday, November 6th. They set a “hold” rating on the stock. Jefferies Financial Group upped their price objective on shares of Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, DA Davidson boosted their price target on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Three equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $152.80.

Qualys Stock Down 1.1 %

Shares of QLYS opened at $151.99 on Friday. The stock has a market capitalization of $5.56 billion, a P/E ratio of 33.48 and a beta of 0.54. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35. The firm has a fifty day simple moving average of $139.55 and a two-hundred day simple moving average of $135.61.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The firm had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. During the same quarter in the previous year, the firm posted $1.24 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts expect that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 8,555 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $154.62, for a total value of $1,322,774.10. Following the transaction, the insider now directly owns 64,032 shares of the company’s stock, valued at approximately $9,900,627.84. This trade represents a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction on Monday, October 7th. The stock was sold at an average price of $122.19, for a total transaction of $77,468.46. Following the transaction, the chief financial officer now owns 85,942 shares in the company, valued at $10,501,252.98. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,190 shares of company stock valued at $4,449,290. Corporate 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.