Wellington Management Group LLP Takes Position in Qualys, Inc. (NASDAQ:QLYS)

Wellington Management Group LLP acquired a new stake in shares of Qualys, Inc. (NASDAQ:QLYS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 96,005 shares of the software maker’s stock, valued at approximately $18,844,000. Wellington Management Group LLP owned approximately 0.26% of Qualys as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of QLYS. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Qualys in the 4th quarter valued at $30,000. Blue Trust Inc. raised its holdings in Qualys by 218.2% in the fourth quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock worth $41,000 after purchasing an additional 144 shares in the last quarter. Signaturefd LLC lifted its position in shares of Qualys by 24.9% during the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock valued at $57,000 after buying an additional 58 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Qualys by 67.5% in the 4th quarter. Parallel Advisors LLC now owns 350 shares of the software maker’s stock valued at $69,000 after buying an additional 141 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Qualys in the 4th quarter worth approximately $86,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Joo Mi Kim sold 928 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $167.97, for a total transaction of $155,876.16. Following the sale, the chief financial officer now directly owns 93,196 shares of the company’s stock, valued at $15,654,132.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeffrey P. Hank sold 850 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $135.45, for a total value of $115,132.50. Following the completion of the transaction, the director now owns 11,353 shares of the company’s stock, valued at approximately $1,537,763.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joo Mi Kim sold 928 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 28,443 shares of company stock valued at $4,148,987 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. 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 target price for the company. TD Cowen assumed coverage on Qualys in a research note on Tuesday, March 26th. They set a “market perform” rating and a $170.00 target price on the stock. Truist Financial decreased their price target on 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 dropped their price target on Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $162.23.

Qualys Price Performance

NASDAQ QLYS opened at $138.37 on Wednesday. The company has a fifty day moving average of $149.26 and a 200 day moving average of $168.53. The company has a market capitalization of $5.11 billion, a PE ratio of 32.03 and a beta of 0.47. Qualys, Inc. has a 1 year low of $122.53 and a 1 year high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.17. The business had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $145.67 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. Research analysts expect that Qualys, Inc. will post 3.41 earnings per share for the current year.

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.