Qualys, Inc. (NASDAQ:QLYS) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 428.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,256 shares of the software maker’s stock after buying an additional 14,804 shares during the period. Intech Investment Management LLC’s holdings in Qualys were worth $2,345,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its stake in Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after buying an additional 168 shares during the period. UMB Bank n.a. lifted its position in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after acquiring an additional 143 shares during the last quarter. Quarry LP acquired a new stake in shares of Qualys during the 2nd quarter valued at $40,000. DT Investment Partners LLC bought a new stake in shares of Qualys during the 2nd quarter worth $41,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Stock Performance

Shares of QLYS opened at $153.37 on Monday. The company has a 50-day simple moving average of $131.26 and a 200-day simple moving average of $134.81. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35. The firm has a market capitalization of $5.61 billion, a P/E ratio of 33.78 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The company had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. As a group, equities analysts forecast that Qualys, Inc. will post 4.34 earnings per share for the current year.

Insider Buying and Selling at Qualys

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 value of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,919 shares of company stock valued at $2,993,000 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on QLYS shares. Scotiabank dropped their price target on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Westpark Capital restated a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Needham & Company LLC assumed coverage on shares of Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating for the company. Piper Sandler cut their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Canaccord Genuity Group raised their target price on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Qualys currently has an average rating of “Hold” and an average target price of $152.80.

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.