Wealth Enhancement Advisory Services LLC Purchases 746 Shares of Qualys, Inc. (NASDAQ:QLYS)

Wealth Enhancement Advisory Services LLC grew its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,110 shares of the software maker’s stock after purchasing an additional 746 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Qualys were worth $436,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in QLYS. Cubist Systematic Strategies LLC purchased a new position in Qualys during the fourth quarter worth about $27,086,000. Vanguard Group Inc. boosted its position in shares of Qualys by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock valued at $604,721,000 after acquiring an additional 131,339 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Qualys by 37.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 423,576 shares of the software maker’s stock worth $59,393,000 after purchasing an additional 115,427 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Qualys during the fourth quarter worth about $15,937,000. Finally, CDAM UK Ltd increased its position in shares of Qualys by 21.6% in the fourth quarter. CDAM UK Ltd now owns 611,793 shares of the software maker’s stock worth $85,786,000 after purchasing an additional 108,880 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Qualys Trading Up 0.5%

NASDAQ QLYS opened at $140.68 on Friday. The firm has a market cap of $5.11 billion, a PE ratio of 30.25 and a beta of 0.61. Qualys, Inc. has a 1-year low of $112.61 and a 1-year high of $170.00. The stock has a 50-day moving average of $130.94 and a 200-day moving average of $135.86.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.21. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The firm had revenue of $159.90 million during the quarter, compared to the consensus estimate of $157.05 million. During the same quarter in the previous year, the company posted $1.45 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on QLYS. Wedbush dropped their target price on shares of Qualys from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Jefferies Financial Group cut their target price on shares of Qualys from $145.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, March 31st. Wall Street Zen raised Qualys from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Scotiabank set a $142.00 price target on Qualys and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada upped their price objective on Qualys from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Qualys has an average rating of “Hold” and a consensus target price of $137.50.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $123.81, for a total transaction of $866,670.00. Following the transaction, the chief executive officer now owns 246,313 shares in the company, valued at $30,496,012.53. The trade was a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce K. Posey sold 524 shares of Qualys stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $129.38, for a total value of $67,795.12. Following the completion of the sale, the insider now owns 65,053 shares in the company, valued at approximately $8,416,557.14. This represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,472 shares of company stock valued at $3,181,068. Insiders own 0.88% 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.