Jackson Creek Investment Advisors LLC Invests $1.64 Million in Qualys, Inc. (NASDAQ:QLYS)

Jackson Creek Investment Advisors LLC bought a new position in Qualys, Inc. (NASDAQ:QLYS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 11,695 shares of the software maker’s stock, valued at approximately $1,640,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Amalgamated Bank raised its stake in shares of Qualys by 0.5% in the fourth quarter. Amalgamated Bank now owns 16,640 shares of the software maker’s stock worth $2,333,000 after buying an additional 77 shares during the period. Financial Enhancement Group LLC increased its holdings in Qualys by 1.5% in the 3rd quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock worth $784,000 after acquiring an additional 91 shares in the last quarter. Fifth Third Bancorp increased its holdings in Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after acquiring an additional 99 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Qualys by 12.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker’s stock worth $153,000 after acquiring an additional 123 shares during the period. Finally, West Coast Financial LLC lifted its holdings in Qualys by 0.6% during the fourth quarter. West Coast Financial LLC now owns 23,323 shares of the software maker’s stock valued at $3,270,000 after purchasing an additional 146 shares in the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares in the company, valued at approximately $30,321,173.97. This trade represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 525 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $139.48, for a total transaction of $73,227.00. Following the transaction, the insider now owns 65,373 shares in the company, valued at $9,118,226.04. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,926 shares of company stock valued at $3,745,742 over the last ninety days. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

QLYS has been the subject of a number of analyst reports. Northland Securities reissued a “market perform” rating and issued a $146.00 price objective (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Loop Capital lowered their price objective on Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group dropped their price objective on Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $146.57.

Qualys Stock Performance

QLYS stock opened at $129.70 on Friday. The firm has a fifty day moving average price of $138.39 and a 200 day moving average price of $135.85. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $174.31. The firm has a market cap of $4.73 billion, a PE ratio of 27.89 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, equities analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

About Qualys

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.