Qualys, Inc. (NASDAQ:QLYS) Shares Purchased by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its position in Qualys, Inc. (NASDAQ:QLYS) by 46.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,426 shares of the software maker’s stock after purchasing an additional 2,042 shares during the period. Tributary Capital Management LLC’s holdings in Qualys were worth $901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of QLYS. Assenagon Asset Management S.A. increased its stake in shares of Qualys by 1,386.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker’s stock worth $49,876,000 after acquiring an additional 331,766 shares during the period. Millennium Management LLC grew its position in Qualys by 100.7% during the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after purchasing an additional 184,403 shares during the period. Boston Trust Walden Corp raised its stake in shares of Qualys by 14.5% during the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after buying an additional 117,079 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Qualys by 25.6% in the 2nd quarter. AQR Capital Management LLC now owns 315,970 shares of the software maker’s stock valued at $44,994,000 after buying an additional 64,394 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Qualys by 208.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after buying an additional 58,252 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Stock Up 0.9 %

Shares of QLYS opened at $143.14 on Friday. The firm’s fifty day moving average is $144.75 and its two-hundred day moving average is $135.70. The stock has a market cap of $5.24 billion, a PE ratio of 31.53 and a beta of 0.57. Qualys, Inc. has a 52-week low of $119.17 and a 52-week high of $199.37.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The firm 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%. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. As a group, research analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on QLYS. UBS Group lifted their price target on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their target price 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. DA Davidson increased their price target on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Needham & Company LLC started coverage on shares of Qualys in a report on Wednesday, November 6th. They issued a “hold” rating for the company. Finally, TD Cowen increased their target price on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Qualys has an average rating of “Hold” and an average price target of $152.80.

Insider Activity at Qualys

In other news, Director Jeffrey P. Hank sold 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $146.31, for a total value of $585,240.00. Following the completion of the sale, the director now owns 12,666 shares of the company’s stock, valued at $1,853,162.46. This represents a 24.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Thursday, November 14th. The shares were 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 directly owns 225,453 shares in the company, valued at approximately $33,741,295.98. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,259 shares of company stock valued at $4,578,153. 1.00% of the stock is currently owned by 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.