Qualys, Inc. (NASDAQ:QLYS) Stock Holdings Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 68.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 730 shares of the software maker’s stock after purchasing an additional 297 shares during the quarter. Advisors Asset Management Inc.’s holdings in Qualys were worth $94,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Financial Enhancement Group LLC raised its position in shares of Qualys by 1.5% during the 3rd quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock valued at $784,000 after acquiring an additional 91 shares in the last quarter. Bank of Montreal Can increased its stake in Qualys by 2.2% during the second quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after purchasing an additional 107 shares during the last quarter. Legacy Advisors LLC raised its holdings in shares of Qualys by 1.4% during the second quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock worth $1,180,000 after purchasing an additional 113 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Qualys by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock valued at $6,622,000 after buying an additional 127 shares during the period. Finally, West Coast Financial LLC boosted its holdings in shares of Qualys by 0.6% in the 3rd quarter. West Coast Financial LLC now owns 23,177 shares of the software maker’s stock valued at $2,977,000 after buying an additional 127 shares during the period. Institutional investors own 99.31% of the company’s stock.

Insider Activity

In related news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the sale, the insider now directly owns 55,618 shares in the company, valued at approximately $6,885,508.40. This trade represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the transaction, the chief financial officer now owns 86,576 shares in the company, valued at approximately $10,695,599.04. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,919 shares of company stock worth $2,993,000. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on QLYS shares. Northland Securities reissued a “market perform” rating and issued a $140.00 target price (down previously from $150.00) on shares of Qualys in a report on Wednesday, August 7th. DA Davidson boosted their price objective on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their target price on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Finally, Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Qualys currently has an average rating of “Hold” and a consensus price target of $152.80.

Qualys Trading Down 0.7 %

Qualys stock opened at $153.60 on Friday. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 33.83 and a beta of 0.47. The company’s 50-day moving average price is $134.34 and its two-hundred day moving average price is $135.08.

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