Kestra Investment Management LLC Takes $281,000 Position in Qualys, Inc. (NASDAQ:QLYS)

Kestra Investment Management LLC acquired a new stake in Qualys, Inc. (NASDAQ:QLYS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,186 shares of the software maker’s stock, valued at approximately $281,000.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on QLYS. Westpark Capital restated a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. TD Cowen boosted their price objective on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Piper Sandler decreased their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada raised their price objective on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Three 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $152.80.

Qualys Stock Up 1.3 %

Shares of QLYS opened at $155.59 on Tuesday. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 34.27 and a beta of 0.54. The company’s fifty day moving average is $134.91 and its 200-day moving average is $134.93. Qualys, Inc. has a 12 month low of $119.17 and a 12 month high of $206.35.

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

Insider Activity at Qualys

In other news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now owns 55,618 shares in the company, valued at approximately $6,885,508.40. The trade was a 2.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the sale, the chief executive officer now owns 225,453 shares of the company’s stock, valued at $33,741,295.98. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,919 shares of company stock valued at $2,993,000 over the last quarter. 1.00% of the stock is owned by company insiders.

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.