Qualys, Inc. (NASDAQ:QLYS) Stake Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 30.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,919 shares of the software maker’s stock after acquiring an additional 1,159 shares during the quarter. Sanctuary Advisors LLC’s holdings in Qualys were worth $632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of QLYS. Geode Capital Management LLC grew its position in Qualys by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker’s stock valued at $160,957,000 after purchasing an additional 20,038 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of Qualys by 14.5% during 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 period. CDAM UK Ltd grew its holdings in shares of Qualys by 8.3% during the 3rd quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock valued at $64,604,000 after acquiring an additional 38,509 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Qualys by 15.3% in the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after acquiring an additional 63,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Qualys by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after acquiring an additional 3,357 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 634 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $122.19, for a total value of $77,468.46. Following the completion of the transaction, the chief financial officer now owns 85,942 shares in the company, valued at approximately $10,501,252.98. This represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 855 shares of Qualys stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the sale, the insider now owns 63,177 shares in the company, valued at approximately $8,986,296.48. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,715 shares of company stock worth $4,406,251. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QLYS. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Wolfe Research upgraded Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Canaccord Genuity Group lifted their target price on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price target on shares of Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, DA Davidson lifted their price objective on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $152.80.

Qualys Price Performance

Shares of Qualys stock opened at $141.59 on Wednesday. The company has a market cap of $5.18 billion, a PE ratio of 31.19 and a beta of 0.54. The firm has a fifty day moving average price of $142.16 and a two-hundred day moving average price of $135.77. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $205.00.

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