Fisher Asset Management LLC Has $23.80 Million Holdings in Qualys, Inc. (NASDAQ:QLYS)

Fisher Asset Management LLC grew its stake in Qualys, Inc. (NASDAQ:QLYS) by 13.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 185,277 shares of the software maker’s stock after buying an additional 21,924 shares during the period. Fisher Asset Management LLC’s holdings in Qualys were worth $23,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its position in Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after buying an additional 168 shares in the last quarter. UMB Bank n.a. raised its holdings in Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after acquiring an additional 143 shares in the last quarter. Quarry LP bought a new stake in shares of Qualys in the 2nd quarter worth approximately $40,000. DT Investment Partners LLC acquired a new stake in shares of Qualys during the 2nd quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after purchasing an additional 223 shares during the period. Institutional investors own 99.31% of the company’s stock.

Qualys Price Performance

QLYS opened at $154.68 on Thursday. The stock has a market capitalization of $5.66 billion, a P/E ratio of 34.07 and a beta of 0.47. The company’s 50 day simple moving average is $132.50 and its 200-day simple moving average is $134.78. Qualys, Inc. has a one year low of $119.17 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The firm had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.24 EPS. As a group, analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current year.

Insider Activity at Qualys

In other news, Director Jeffrey P. Hank sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $146.31, for a total value of $585,240.00. Following the transaction, the director now owns 12,666 shares of the company’s stock, valued at approximately $1,853,162.46. This trade represents a 24.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This trade represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,919 shares of company stock worth $2,993,000 over the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

QLYS has been the subject of several research reports. Piper Sandler reduced their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their target price on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Westpark Capital reissued a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Morgan Stanley lifted their price objective on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC initiated coverage on Qualys in a report on Wednesday, November 6th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus price target of $152.80.

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.