Qualys, Inc. (NASDAQ:QLYS) Holdings Raised by Larson Financial Group LLC

Larson Financial Group LLC lifted its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 29.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,809 shares of the software maker’s stock after purchasing an additional 413 shares during the quarter. Larson Financial Group LLC’s holdings in Qualys were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QLYS. Boston Trust Walden Corp raised its position in Qualys by 14.5% in the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after acquiring an additional 117,079 shares in the last quarter. Renaissance Technologies LLC raised its position in Qualys by 15.3% in the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after acquiring an additional 63,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Qualys by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after acquiring an additional 3,357 shares in the last quarter. Penserra Capital Management LLC raised its position 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 acquiring an additional 28,802 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its position in Qualys by 1.3% in the second quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock worth $53,095,000 after acquiring an additional 4,932 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

Qualys Stock Performance

Shares of NASDAQ QLYS opened at $154.68 on Thursday. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 34.07 and a beta of 0.47. The business has a 50 day simple moving average of $132.50 and a 200 day simple moving average of $134.78. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. The business had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. On average, analysts predict that Qualys, Inc. will post 4.34 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on QLYS shares. UBS Group boosted their price target on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Scotiabank cut their price objective on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Truist Financial boosted their price objective on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, Northland Securities restated a “market perform” rating and set a $140.00 price objective (down previously from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Qualys has an average rating of “Hold” and a consensus price target of $152.80.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was 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 directly owns 86,576 shares in the company, valued at $10,695,599.04. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey P. Hank sold 4,000 shares of the company’s 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 transaction, the director now owns 12,666 shares of the company’s stock, valued at approximately $1,853,162.46. This trade represents a 24.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,919 shares of company stock valued at $2,993,000 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

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.