Qualys, Inc. (NASDAQ:QLYS) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its stake in shares of Qualys, Inc. (NASDAQ:QLYSGet Rating) by 177.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,586 shares of the software maker’s stock after acquiring an additional 9,320 shares during the quarter. Raymond James & Associates’ holdings in Qualys were worth $2,033,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QLYS. Hoey Investments Inc. purchased a new stake in shares of Qualys during the 2nd quarter worth about $38,000. Castle Wealth Management LLC acquired a new stake in shares of Qualys in the second quarter worth $102,000. Advisors Asset Management Inc. purchased a new position in shares of Qualys in the 2nd quarter valued at $120,000. Van ECK Associates Corp lifted its holdings in shares of Qualys by 15.8% during the 2nd quarter. Van ECK Associates Corp now owns 976 shares of the software maker’s stock valued at $123,000 after acquiring an additional 133 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new stake in Qualys during the 1st quarter worth $205,000. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on QLYS shares. Canaccord Genuity Group began coverage on Qualys in a research note on Tuesday, October 11th. They issued a “buy” rating and a $180.00 target price for the company. Piper Sandler lowered their price target on shares of Qualys from $138.00 to $115.00 and set a “neutral” rating for the company in a report on Thursday, January 5th. Truist Financial cut their price objective on shares of Qualys from $125.00 to $110.00 in a report on Monday, January 9th. Needham & Company LLC lowered Qualys from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. Finally, Berenberg Bank raised Qualys from a “hold” rating to a “buy” rating and set a $168.00 price target for the company in a report on Friday, October 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Qualys presently has an average rating of “Hold” and a consensus target price of $143.77.

Insider Buying and Selling

In other Qualys news, CEO Sumedh S. Thakar sold 5,576 shares of Qualys stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $125.75, for a total value of $701,182.00. Following the completion of the transaction, the chief executive officer now directly owns 183,984 shares in the company, valued at $23,135,988. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Sumedh S. Thakar sold 5,576 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $125.75, for a total value of $701,182.00. Following the sale, the chief executive officer now owns 183,984 shares of the company’s stock, valued at approximately $23,135,988. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Allan Peters sold 553 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $115.50, for a total value of $63,871.50. Following the transaction, the executive now owns 43,075 shares of the company’s stock, valued at $4,975,162.50. The disclosure for this sale can be found here. Insiders have sold a total of 17,281 shares of company stock worth $2,027,125 over the last quarter. 1.40% of the stock is owned by company insiders.

Qualys Trading Up 2.8 %

Shares of NASDAQ QLYS opened at $112.22 on Tuesday. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 43.67 and a beta of 0.58. Qualys, Inc. has a twelve month low of $101.10 and a twelve month high of $162.36. The business has a 50 day simple moving average of $114.66 and a 200-day simple moving average of $129.97.

Qualys (NASDAQ:QLYSGet Rating) last released its earnings results on Wednesday, November 2nd. The software maker reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.13. Qualys had a net margin of 21.66% and a return on equity of 25.13%. The firm had revenue of $125.56 million during the quarter, compared to analyst estimates of $125.12 million. As a group, equities analysts predict that Qualys, Inc. will post 2.54 earnings per share for the current year.

Qualys Company Profile

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Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

Further Reading

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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