Quantbot Technologies LP Buys 5,587 Shares of Qualys, Inc. (NASDAQ:QLYS)

Quantbot Technologies LP boosted its position in Qualys, Inc. (NASDAQ:QLYS) by 125.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,034 shares of the software maker’s stock after buying an additional 5,587 shares during the period. Quantbot Technologies LP’s holdings in Qualys were worth $1,674,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Davidson Capital Management Inc. raised its position in shares of Qualys by 1.9% during the first quarter. Davidson Capital Management Inc. now owns 13,084 shares of the software maker’s stock worth $2,183,000 after purchasing an additional 242 shares during the period. Gallacher Capital Management LLC bought a new stake in shares of Qualys during the first quarter worth about $393,000. Manchester Capital Management LLC acquired a new stake in shares of Qualys in the 1st quarter worth about $127,000. Texas Permanent School Fund Corp lifted its position in Qualys by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 32,194 shares of the software maker’s stock valued at $5,372,000 after acquiring an additional 417 shares in the last quarter. Finally, Csenge Advisory Group acquired a new position in Qualys during the 1st quarter valued at about $469,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Joo Mi Kim sold 634 shares of the business’s 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 sale, the chief financial officer now directly owns 90,745 shares in the company, valued at approximately $13,135,338.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Qualys news, CFO Joo Mi Kim sold 634 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $144.75, for a total value of $91,771.50. Following the sale, the chief financial officer now directly owns 90,745 shares in the company, valued at approximately $13,135,338.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,443 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $167.33, for a total value of $241,457.19. Following the completion of the sale, the insider now owns 62,614 shares in the company, valued at approximately $10,477,200.62. The disclosure for this sale can be found here. Insiders have sold a total of 27,165 shares of company stock worth $3,925,202 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Qualys Price Performance

Shares of NASDAQ QLYS traded up $0.01 during trading on Friday, reaching $142.19. 290,799 shares of the stock traded hands, compared to its average volume of 372,477. The stock has a market capitalization of $5.25 billion, a P/E ratio of 32.91 and a beta of 0.49. Qualys, Inc. has a 52-week low of $128.98 and a 52-week high of $206.35. The company has a 50-day moving average of $142.80 and a 200-day moving average of $163.80.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The firm had revenue of $145.81 million during the quarter, compared to analyst estimates of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. Analysts expect that Qualys, Inc. will post 3.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on QLYS shares. Robert W. Baird dropped their target price on Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Wednesday. Scotiabank initiated coverage on shares of Qualys in a report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of Qualys in a report on Monday, May 13th. Finally, Truist Financial decreased their price objective 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. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $164.50.

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.