Integrated Advisors Network LLC Acquires Shares of 1,242 Qualys, Inc. (NASDAQ:QLYS)

Integrated Advisors Network LLC acquired a new stake in shares of Qualys, Inc. (NASDAQ:QLYS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,242 shares of the software maker’s stock, valued at approximately $244,000.

A number of other hedge funds have also bought and sold shares of the company. Virtu Financial LLC boosted its stake in shares of Qualys by 140.3% during the fourth quarter. Virtu Financial LLC now owns 5,510 shares of the software maker’s stock valued at $1,081,000 after purchasing an additional 3,217 shares during the period. Cim LLC purchased a new stake in shares of Qualys during the fourth quarter valued at $1,465,000. Covenant Partners LLC boosted its stake in shares of Qualys by 3.5% during the fourth quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock valued at $492,000 after purchasing an additional 84 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Qualys during the fourth quarter valued at $681,000. Finally, Schroder Investment Management Group boosted its stake in shares of Qualys by 66.5% during the fourth quarter. Schroder Investment Management Group now owns 149,557 shares of the software maker’s stock valued at $29,355,000 after purchasing an additional 59,755 shares during the period. Institutional investors own 99.31% of the company’s stock.

Qualys Stock Performance

Shares of Qualys stock opened at $132.78 on Thursday. The company has a market capitalization of $4.90 billion, a PE ratio of 30.74 and a beta of 0.47. The company has a 50-day simple moving average of $151.41 and a two-hundred day simple moving average of $170.02. Qualys, Inc. has a one year low of $122.53 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. On average, equities analysts predict that Qualys, Inc. will post 3.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey P. Hank sold 850 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $135.45, for a total transaction of $115,132.50. Following the transaction, the director now owns 11,353 shares in the company, valued at $1,537,763.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Joo Mi Kim sold 928 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $167.97, for a total value of $155,876.16. Following the transaction, the chief financial officer now owns 93,196 shares in the company, valued at approximately $15,654,132.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey P. Hank sold 850 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $135.45, for a total transaction of $115,132.50. Following the completion of the transaction, the director now owns 11,353 shares in the company, valued at approximately $1,537,763.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,113 shares of company stock worth $3,969,251. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Monday, May 13th. Truist Financial lowered their target price on shares of Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Robert W. Baird lowered their price objective on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Scotiabank assumed coverage on shares of Qualys in a research note on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price objective for the company. Finally, TD Cowen assumed coverage on shares of Qualys in a research note on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $162.23.

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.