Qualys, Inc. (NASDAQ:QLYS) Shares Acquired by FORA Capital LLC

FORA Capital LLC lifted its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 52.2% during the third quarter, Holdings Channel reports. The firm owned 13,835 shares of the software maker’s stock after purchasing an additional 4,747 shares during the quarter. FORA Capital LLC’s holdings in Qualys were worth $1,777,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Advisors Asset Management Inc. raised its holdings in Qualys by 8.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker’s stock worth $281,000 after buying an additional 126 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Qualys in the first quarter worth approximately $277,000. Janus Henderson Group PLC increased its position in shares of Qualys by 1.5% in the first quarter. Janus Henderson Group PLC now owns 49,485 shares of the software maker’s stock worth $8,255,000 after acquiring an additional 742 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Qualys by 192.8% during the first quarter. Tidal Investments LLC now owns 3,402 shares of the software maker’s stock valued at $568,000 after acquiring an additional 2,240 shares during the period. Finally, Comerica Bank lifted its position in shares of Qualys by 3.3% in the 1st quarter. Comerica Bank now owns 21,380 shares of the software maker’s stock valued at $3,568,000 after acquiring an additional 688 shares in the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qualys

In other Qualys news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the transaction, the chief financial officer now owns 86,576 shares of the company’s stock, valued at $10,695,599.04. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the completion of the sale, the insider now directly owns 55,279 shares in the company, valued at approximately $6,830,273.24. This represents a 2.36 % 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.

Analyst Ratings Changes

Several research firms have weighed in on QLYS. Canaccord Genuity Group lifted their price objective on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. TD Cowen upped their price target on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Royal Bank of Canada lifted their target price on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Westpark Capital reissued a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $152.80.

Qualys Price Performance

Qualys stock opened at $154.68 on Thursday. Qualys, Inc. has a one year low of $119.17 and a one year high of $206.35. The company’s fifty day moving average price is $133.13 and its two-hundred day moving average price is $134.91. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 34.07 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same quarter in the prior year, the company posted $1.24 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current year.

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.