Townsquare Capital LLC Has $2.06 Million Stake in Qualys, Inc. (NASDAQ:QLYS)

Townsquare Capital LLC reduced its stake in Qualys, Inc. (NASDAQ:QLYS) by 46.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,010 shares of the software maker’s stock after selling 13,621 shares during the quarter. Townsquare Capital LLC’s holdings in Qualys were worth $2,057,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in QLYS. Millennium Management LLC increased its stake in shares of Qualys by 100.7% in the second quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after purchasing an additional 184,403 shares during the period. Acadian Asset Management LLC grew its holdings in Qualys by 95.7% in the 2nd quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock valued at $40,771,000 after buying an additional 139,897 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Qualys by 14.5% in the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after buying an additional 117,079 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Qualys in the 2nd quarter worth approximately $10,132,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Qualys by 25.6% during the second quarter. AQR Capital Management LLC now owns 315,970 shares of the software maker’s stock worth $44,994,000 after buying an additional 64,394 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Insiders Place Their Bets

In other Qualys news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the transaction, the chief financial officer now owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the sale, the chief executive officer now owns 179,649 shares in the company, valued at $22,493,851.29. The trade was a 3.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,919 shares of company stock valued at $2,993,000. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QLYS. Northland Securities restated a “market perform” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Morgan Stanley raised their price target on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. DA Davidson upped their price objective 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. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Finally, TD Cowen boosted their price target on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $152.80.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $153.60 on Monday. The business’s fifty day moving average price is $134.34 and its two-hundred day moving average price is $134.89. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 33.83 and a beta of 0.47.

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

About Qualys

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.