Belpointe Asset Management LLC Purchases New Position in Qualys, Inc. (NASDAQ:QLYS)

Belpointe Asset Management LLC purchased a new stake in shares of Qualys, Inc. (NASDAQ:QLYS – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 329 shares of the software maker’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of Qualys by 4.8% during the third quarter. Public Employees Retirement System of Ohio now owns 57,940 shares of the software maker’s stock valued at $8,076,000 after acquiring an additional 2,661 shares in the last quarter. AE Wealth Management LLC grew its position in Qualys by 31.0% in the 4th quarter. AE Wealth Management LLC now owns 5,674 shares of the software maker’s stock worth $637,000 after purchasing an additional 1,342 shares during the period. FourThought Financial Partners LLC purchased a new position in shares of Qualys during the 4th quarter worth $537,000. California Public Employees Retirement System boosted its stake in shares of Qualys by 25.1% during the 3rd quarter. California Public Employees Retirement System now owns 89,784 shares of the software maker’s stock worth $12,515,000 after acquiring an additional 17,987 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its stake in shares of Qualys by 24.4% during the 4th quarter. Tributary Capital Management LLC now owns 4,897 shares of the software maker’s stock valued at $550,000 after buying an additional 960 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on QLYS shares. Wolfe Research cut shares of Qualys from a “peer perform” rating to an “underperform” rating and set a $100.00 target price on the stock. in a research note on Monday, May 8th. DA Davidson decreased their price target on shares of Qualys from $120.00 to $115.00 in a research note on Friday, May 5th. Westpark Capital started coverage on shares of Qualys in a research note on Tuesday, March 7th. They issued a “buy” rating and a $170.00 price target on the stock. Finally, StockNews.com started coverage on shares of Qualys in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $138.73.

Qualys Stock Performance

Shares of QLYS opened at $123.93 on Friday. The company has a 50 day moving average price of $121.08 and a 200-day moving average price of $118.25. Qualys, Inc. has a fifty-two week low of $101.10 and a fifty-two week high of $162.36. The stock has a market capitalization of $4.57 billion, a PE ratio of 42.88 and a beta of 0.63.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 1,729 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $123.65, for a total transaction of $213,790.85. Following the completion of the sale, the insider now owns 61,680 shares of the company’s stock, valued at $7,626,732. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Bruce K. Posey sold 1,729 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $123.65, for a total transaction of $213,790.85. Following the completion of the sale, the insider now owns 61,680 shares of the company’s stock, valued at $7,626,732. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce K. Posey sold 1,578 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $121.78, for a total transaction of $192,168.84. Following the transaction, the insider now owns 57,132 shares in the company, valued at approximately $6,957,534.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,724 shares of company stock valued at $2,069,688. Company insiders own 1.40% of the company’s stock.

Qualys Company Profile

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Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures, help protect information technology systems and applications from cyber attacks, and achieve compliance with internal policies and external regulations.