Wealthfront Advisers LLC Takes Position in Qualys, Inc. (NASDAQ:QLYS)

Wealthfront Advisers LLC purchased a new stake in shares of Qualys, Inc. (NASDAQ:QLYS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,739 shares of the software maker’s stock, valued at approximately $4,310,000. Wealthfront Advisers LLC owned approximately 0.08% of Qualys as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QLYS. Geode Capital Management LLC raised its holdings in Qualys by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker’s stock valued at $160,957,000 after buying an additional 20,038 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Qualys by 13.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock worth $147,178,000 after acquiring an additional 123,530 shares during the last quarter. CDAM UK Ltd boosted its stake in shares of Qualys by 8.3% during the 3rd quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock worth $64,604,000 after purchasing an additional 38,509 shares during the period. Charles Schwab Investment Management Inc. raised its position in Qualys by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker’s stock worth $64,016,000 after purchasing an additional 3,848 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in Qualys by 8.3% in the third quarter. Penserra Capital Management LLC now owns 373,995 shares of the software maker’s stock worth $48,043,000 after purchasing an additional 28,802 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on QLYS shares. Northland Securities reissued a “market perform” rating and set a $146.00 price target (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Loop Capital cut their price target 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. Royal Bank of Canada lowered their price objective on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Scotiabank dropped their price objective on Qualys from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $146.57.

Insider Buying and Selling

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was 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 of the company’s stock, valued at approximately $30,321,173.97. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 1,635 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $138.64, for a total value of $226,676.40. Following the sale, the chief financial officer now owns 112,017 shares in the company, valued at $15,530,036.88. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,926 shares of company stock worth $3,745,742 in the last ninety days. 1.00% of the stock is owned by insiders.

Qualys Stock Performance

QLYS stock opened at $121.57 on Friday. The firm has a 50-day simple moving average of $136.84 and a two-hundred day simple moving average of $135.88. Qualys, Inc. has a one year low of $119.17 and a one year high of $174.20. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 26.14 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last announced its earnings results 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 net margin of 28.59% and a return on equity of 38.52%. As a group, equities analysts predict that Qualys, Inc. will post 3.85 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.