Qualys, Inc. (NASDAQ:QLYS) Shares Purchased by West Coast Financial LLC

West Coast Financial LLC raised its position in Qualys, Inc. (NASDAQ:QLYS) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,323 shares of the software maker’s stock after acquiring an additional 146 shares during the quarter. West Coast Financial LLC’s holdings in Qualys were worth $3,270,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new position in Qualys in the 3rd quarter valued at $445,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Qualys by 208.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock valued at $11,072,000 after purchasing an additional 58,252 shares during the last quarter. Intech Investment Management LLC lifted its position in Qualys by 428.9% during the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock worth $2,345,000 after buying an additional 14,804 shares in the last quarter. ProShare Advisors LLC boosted its stake in Qualys by 57.7% during the second quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock worth $1,950,000 after buying an additional 5,004 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Qualys by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after acquiring an additional 8,291 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Qualys news, CFO Joo Mi Kim sold 1,332 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $157.37, for a total transaction of $209,616.84. Following the completion of the transaction, the chief financial officer now directly owns 113,652 shares in the company, valued at approximately $17,885,415.24. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $149.66, for a total value of $1,047,620.00. Following the transaction, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at $33,741,295.98. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 31,716 shares of company stock worth $4,620,419. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on QLYS shares. Needham & Company LLC started coverage on shares of Qualys in a report on Wednesday, November 6th. They issued a “hold” rating for the company. Morgan Stanley raised their target price on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. DA Davidson boosted their price target 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. TD Cowen raised their price target on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research upgraded Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $152.80.

Qualys Trading Up 0.3 %

NASDAQ QLYS opened at $135.91 on Thursday. The business’s 50 day moving average is $146.53 and its two-hundred day moving average is $135.83. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 29.94 and a beta of 0.57. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $201.03.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $150.74 million. During the same period in the prior year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts forecast 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.