Exchange Traded Concepts LLC Has $82,000 Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Exchange Traded Concepts LLC increased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 53.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 639 shares of the software maker’s stock after purchasing an additional 223 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Qualys were worth $82,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP bought a new stake in shares of Qualys during the fourth quarter worth $18,844,000. Sound Income Strategies LLC increased its holdings in Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after purchasing an additional 169 shares in the last quarter. Roberts Wealth Advisors LLC acquired a new stake in shares of Qualys in the 1st quarter valued at about $863,000. Allspring Global Investments Holdings LLC raised its stake in shares of Qualys by 58.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,361 shares of the software maker’s stock valued at $1,729,000 after purchasing an additional 3,804 shares during the period. Finally, Cullinan Associates Inc. boosted its position in shares of Qualys by 78.6% during the first quarter. Cullinan Associates Inc. now owns 103,755 shares of the software maker’s stock worth $17,314,000 after buying an additional 45,675 shares during the period. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the completion of the sale, the insider now owns 55,279 shares of the company’s stock, valued at $6,830,273.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $133.93, for a total transaction of $82,500.88. Following the completion of the sale, the chief financial officer now owns 87,077 shares of the company’s stock, valued at $11,662,222.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bruce K. Posey sold 1,339 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the sale, the insider now owns 55,279 shares in the company, valued at $6,830,273.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,535 shares of company stock valued at $1,442,641. 1.00% of the stock is owned by company insiders.

Qualys Stock Performance

Shares of QLYS stock opened at $123.45 on Wednesday. Qualys, Inc. has a 52 week low of $119.32 and a 52 week high of $206.35. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 27.19 and a beta of 0.46. The company has a 50-day simple moving average of $124.57 and a 200 day simple moving average of $139.16.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. Sell-side analysts forecast that Qualys, Inc. will post 3.94 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on QLYS shares. Scotiabank reduced their price target on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. UBS Group lowered their price target on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Truist Financial reduced their price objective on shares of Qualys from $165.00 to $130.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Qualys has a consensus rating of “Hold” and an average target price of $146.08.

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.