Outlook Wealth Advisors LLC Acquires New Stake in Qualys, Inc. (NASDAQ:QLYS)

Outlook Wealth Advisors LLC acquired a new stake in Qualys, Inc. (NASDAQ:QLYS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,984 shares of the software maker’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in Qualys by 121.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 360,294 shares of the software maker’s stock valued at $70,719,000 after acquiring an additional 197,911 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Qualys by 50.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock valued at $83,743,000 after purchasing an additional 169,293 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in Qualys by 169.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock valued at $40,970,000 after purchasing an additional 154,492 shares during the last quarter. California Public Employees Retirement System raised its stake in Qualys by 172.3% in the 4th quarter. California Public Employees Retirement System now owns 193,056 shares of the software maker’s stock valued at $37,893,000 after purchasing an additional 122,168 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Qualys by 201,932.8% in the 4th quarter. International Assets Investment Management LLC now owns 117,179 shares of the software maker’s stock valued at $23,000,000 after purchasing an additional 117,121 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Price Performance

Qualys stock traded down $2.66 during midday trading on Friday, hitting $122.28. 520,747 shares of the company were exchanged, compared to its average volume of 453,134. The company’s fifty day moving average price is $138.50 and its 200-day moving average price is $154.17. The company has a market cap of $4.52 billion, a PE ratio of 28.31 and a beta of 0.49. Qualys, Inc. has a fifty-two week low of $121.64 and a fifty-two week high of $206.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.20. The business had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. On average, analysts expect that Qualys, Inc. will post 3.42 EPS for the current fiscal year.

Insider Activity

In other news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the completion of the sale, the insider now directly owns 59,616 shares of the company’s stock, valued at $8,658,627.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Qualys news, Director Wendy Pfeiffer sold 2,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $145.72, for a total value of $291,440.00. Following the transaction, the director now directly owns 8,490 shares of the company’s stock, valued at approximately $1,237,162.80. The sale 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 the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $145.24, for a total value of $193,169.20. Following the completion of the transaction, the insider now directly owns 59,616 shares in the company, valued at $8,658,627.84. The disclosure for this sale can be found here. Insiders sold a total of 29,715 shares of company stock valued at $4,142,951 over the last three months. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. Wedbush lowered their price target on Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Piper Sandler lowered their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Scotiabank decreased their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $149.92.

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.