Envestnet Asset Management Inc. Raises Holdings in Qualys, Inc. (NASDAQ:QLYS)

Envestnet Asset Management Inc. grew its position in Qualys, Inc. (NASDAQ:QLYS) by 45.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,400 shares of the software maker’s stock after buying an additional 52,495 shares during the quarter. Envestnet Asset Management Inc. owned 0.46% of Qualys worth $24,014,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Qualys during the 1st quarter worth $26,000. First Horizon Advisors Inc. lifted its stake in shares of Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after purchasing an additional 168 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after purchasing an additional 169 shares during the last quarter. DecisionPoint Financial LLC purchased a new stake in shares of Qualys during the 1st quarter worth $34,000. Finally, UMB Bank n.a. lifted its stake in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after purchasing an additional 143 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial reduced their target price on Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Scotiabank reduced their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, UBS Group reduced their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Qualys has a consensus rating of “Hold” and an average target price of $147.83.

Qualys Stock Up 0.9 %

Qualys stock opened at $124.41 on Monday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 28.80 and a beta of 0.46. Qualys, Inc. has a 52 week low of $119.32 and a 52 week high of $206.35. The business’s 50-day moving average price is $130.65 and its 200 day moving average price is $145.60.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.32 by $0.20. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. Qualys’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. Equities analysts expect that Qualys, Inc. will post 3.94 EPS for the current year.

Insider Buying and Selling

In related news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Qualys news, CFO Joo Mi Kim sold 616 shares of the 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 transaction, the chief financial officer now owns 86,576 shares in the company, valued at $10,695,599.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.15, for a total value of $1,002,050.00. Following the transaction, the chief executive officer now owns 186,601 shares in the company, valued at approximately $26,711,933.15. The disclosure for this sale can be found here. Insiders have sold a total of 10,205 shares of company stock valued at $1,444,369 over the last ninety days. Company insiders own 1.00% of the company’s stock.

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.