Cresset Asset Management LLC Acquires 365 Shares of Qualys, Inc. (NASDAQ:QLYS)

Cresset Asset Management LLC raised its holdings in Qualys, Inc. (NASDAQ:QLYS) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,231 shares of the software maker’s stock after purchasing an additional 365 shares during the quarter. Cresset Asset Management LLC’s holdings in Qualys were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake 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 valued at $64,016,000 after purchasing an additional 3,848 shares during the period. Raymond James Financial Inc. bought a new position in Qualys in the 4th quarter valued at $15,937,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Qualys by 13.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker’s stock valued at $1,095,000 after purchasing an additional 933 shares during the period. Trust Point Inc. bought a new position in Qualys in the 4th quarter valued at $376,000. Finally, Kestra Private Wealth Services LLC grew its stake in Qualys by 26.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker’s stock valued at $596,000 after purchasing an additional 902 shares during the period. Institutional investors own 99.31% of the company’s stock.

Qualys Stock Up 3.2%

Shares of NASDAQ QLYS opened at $136.49 on Tuesday. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $170.00. The business has a 50-day simple moving average of $125.61 and a two-hundred day simple moving average of $136.24. The company has a market cap of $4.96 billion, a P/E ratio of 29.35 and a beta of 0.61.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.21. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The firm had revenue of $159.90 million for the quarter, compared to analysts’ expectations of $157.05 million. During the same quarter last year, the firm posted $1.45 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current year.

Insider Activity at Qualys

In related news, CFO Joo Mi Kim sold 4,542 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $140.08, for a total transaction of $636,243.36. Following the transaction, the chief financial officer now directly owns 108,215 shares in the company, valued at $15,158,757.20. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $142.17, for a total value of $995,190.00. Following the transaction, the chief executive officer now owns 246,144 shares in the company, valued at approximately $34,994,292.48. The trade was a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,669 shares of company stock valued at $3,536,541. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on QLYS. Northland Securities reiterated a “market perform” rating and set a $146.00 price target (down previously from $150.00) on shares of Qualys in a research note on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Canaccord Genuity Group cut their price target on Qualys from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Scotiabank set a $142.00 price target on Qualys and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on Qualys from $122.00 to $117.00 and set an “underweight” rating for the company in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three 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 price target of $137.50.

Qualys Company 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.