Deerfield Management Company L.P. Series C Purchases New Stake in Qualys, Inc. (NASDAQ:QLYS)

Deerfield Management Company L.P. Series C acquired a new stake in shares of Qualys, Inc. (NASDAQ:QLYS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,214 shares of the software maker’s stock, valued at approximately $458,000.

Several other hedge funds also recently added to or reduced their stakes in QLYS. Rise Advisors LLC acquired a new position in Qualys in the first quarter worth about $26,000. First Horizon Advisors Inc. grew its position in shares of Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after acquiring an additional 168 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Qualys by 545.2% in the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after acquiring an additional 169 shares during the last quarter. DecisionPoint Financial LLC acquired a new position in Qualys in the first quarter worth $34,000. Finally, UMB Bank n.a. increased its stake in Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Qualys

In other news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction on Friday, July 5th. The stock was sold at an average price of $144.75, for a total transaction of $91,771.50. Following the transaction, the chief financial officer now directly owns 90,745 shares in the company, valued at approximately $13,135,338.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Joo Mi Kim sold 634 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $144.75, for a total transaction of $91,771.50. Following the completion of the transaction, the chief financial officer now owns 90,745 shares in the company, valued at approximately $13,135,338.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares in the company, valued at approximately $6,885,508.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,535 shares of company stock valued at $1,609,023. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on QLYS shares. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. TD Cowen decreased their target price on Qualys from $170.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Truist Financial dropped their price target on Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their price objective on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Qualys currently has an average rating of “Hold” and an average price target of $147.83.

Qualys Stock Up 2.5 %

QLYS stock opened at $130.00 on Friday. The company has a 50-day simple moving average of $128.76 and a 200 day simple moving average of $144.43. The company has a market capitalization of $4.80 billion, a P/E ratio of 30.09 and a beta of 0.46. Qualys, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. During the same period in the prior year, the business posted $0.95 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Qualys, Inc. will post 3.94 EPS 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.