Edgestream Partners L.P. Purchases New Position in Qualys, Inc. (NASDAQ:QLYS)

Edgestream Partners L.P. purchased a new stake in shares of Qualys, Inc. (NASDAQ:QLYS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 12,661 shares of the software maker’s stock, valued at approximately $1,775,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amalgamated Bank grew its holdings in shares of Qualys by 0.5% during the 4th quarter. Amalgamated Bank now owns 16,640 shares of the software maker’s stock valued at $2,333,000 after purchasing an additional 77 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after purchasing an additional 99 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Qualys by 12.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker’s stock valued at $153,000 after purchasing an additional 123 shares during the last quarter. West Coast Financial LLC grew its holdings in shares of Qualys by 0.6% during the 4th quarter. West Coast Financial LLC now owns 23,323 shares of the software maker’s stock valued at $3,270,000 after purchasing an additional 146 shares during the last quarter. Finally, Quarry LP grew its holdings in Qualys by 56.2% during the 3rd quarter. Quarry LP now owns 439 shares of the software maker’s stock worth $56,000 after acquiring an additional 158 shares during the last quarter. 99.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares in the company, valued at $30,321,173.97. This represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bruce K. Posey sold 855 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $142.24, for a total transaction of $121,615.20. Following the completion of the sale, the insider now owns 63,177 shares of the company’s stock, valued at approximately $8,986,296.48. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,926 shares of company stock worth $3,745,742. Insiders own 1.00% of the company’s stock.

Qualys Stock Down 1.6 %

Qualys stock opened at $125.28 on Tuesday. The firm’s fifty day moving average is $137.85 and its 200 day moving average is $136.08. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $174.31. The company has a market capitalization of $4.57 billion, a PE ratio of 26.94 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. Sell-side analysts expect that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on QLYS shares. Royal Bank of Canada reduced their target price on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Scotiabank reduced their target price on shares of Qualys from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group reduced their target price on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, February 7th. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Loop Capital reduced their target price on shares of Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $146.57.

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.