Qualys, Inc. (NASDAQ:QLYS) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P grew its position in Qualys, Inc. (NASDAQ:QLYS) by 28.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,154 shares of the software maker’s stock after purchasing an additional 4,625 shares during the period. Martingale Asset Management L P owned approximately 0.06% of Qualys worth $2,717,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. grew its stake 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 during the period. UMB Bank n.a. boosted its position in Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after purchasing an additional 143 shares during the period. Quarry LP acquired a new stake in Qualys in the 2nd quarter valued at $40,000. DT Investment Partners LLC purchased a new position in Qualys in the second quarter valued at about $41,000. Finally, Exchange Traded Concepts LLC lifted its stake 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 worth $82,000 after purchasing an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey P. Hank sold 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $146.31, for a total value of $585,240.00. Following the completion of the transaction, the director now directly owns 12,666 shares of the company’s stock, valued at $1,853,162.46. This represents a 24.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. The trade was a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,919 shares of company stock worth $2,993,000 in the last three months. 1.00% of the stock is owned by insiders.

Qualys Stock Performance

Shares of NASDAQ:QLYS opened at $153.60 on Friday. The company’s fifty day moving average is $134.34 and its two-hundred day moving average is $134.98. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $206.35. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 33.83 and a beta of 0.47.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on QLYS shares. UBS Group increased their target price on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their target price on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Wedbush lowered their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Truist Financial boosted their price objective on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group raised their target price on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Qualys currently has an average 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.