Proficio Capital Partners LLC Purchases New Stake in Qualys, Inc. (NASDAQ:QLYS)

Proficio Capital Partners LLC acquired a new position in shares of Qualys, Inc. (NASDAQ:QLYS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,513 shares of the software maker’s stock, valued at approximately $4,699,000. Proficio Capital Partners LLC owned about 0.09% of Qualys at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Catalyst Capital Advisors LLC bought a new stake in shares of Qualys during the fourth quarter worth about $39,000. Fifth Third Bancorp increased its holdings in Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after purchasing an additional 99 shares in the last quarter. Quarry LP increased 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 purchasing an additional 158 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Qualys in the fourth quarter worth approximately $91,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Qualys by 68.6% in the third quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock valued at $94,000 after purchasing an additional 297 shares in the last quarter. 99.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on QLYS. Loop Capital decreased their price target on Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 7th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Canaccord Genuity Group dropped their price target on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Northland Securities restated a “market perform” rating and set a $146.00 price target (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Finally, Morgan Stanley increased their price objective on shares of Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $146.57.

Insider Activity at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,635 shares of the firm’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 completion of the transaction, the chief financial officer now owns 112,017 shares in the company, valued at $15,530,036.88. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce K. Posey sold 855 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $142.24, for a total value of $121,615.20. Following the sale, the insider now owns 63,177 shares in the company, valued at approximately $8,986,296.48. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,258 shares of company stock worth $3,955,359. Corporate insiders own 1.00% of the company’s stock.

Qualys Stock Performance

QLYS stock opened at $129.31 on Tuesday. The stock has a fifty day moving average of $139.25 and a 200-day moving average of $135.84. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $174.31. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 27.81 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last posted 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 return on equity of 38.52% and a net margin of 28.59%. Equities analysts predict that Qualys, Inc. will post 3.85 EPS for the current 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.