Algert Global LLC Purchases New Holdings in Qualys, Inc. (NASDAQ:QLYS)

Algert Global LLC purchased a new position in shares of Qualys, Inc. (NASDAQ:QLYS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,114 shares of the software maker’s stock, valued at approximately $2,583,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in Qualys during the first quarter worth $26,000. First Horizon Advisors Inc. increased 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 increased 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 bought a new stake in shares of Qualys in the 1st quarter valued at about $34,000. Finally, UMB Bank n.a. lifted its stake in Qualys by 149.0% in the 2nd 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. Institutional investors own 99.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on QLYS. Royal Bank of Canada lowered their price target 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. UBS Group decreased their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Northland Securities restated a “market perform” rating and set a $140.00 target price (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Qualys has an average rating of “Hold” and a consensus price target of $147.83.

Qualys Trading Down 1.2 %

NASDAQ QLYS opened at $126.94 on Wednesday. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 29.38 and a beta of 0.46. The company has a 50 day moving average of $128.47 and a 200-day moving average of $143.77. Qualys, Inc. has a 1-year low of $119.32 and a 1-year high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.20. The firm had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 EPS. On average, equities research analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the transaction, the chief financial officer now directly owns 87,077 shares in the company, valued at approximately $11,662,222.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now directly owns 55,618 shares of the company’s stock, valued at $6,885,508.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the transaction, the chief financial officer now owns 87,077 shares in the company, valued at approximately $11,662,222.61. The disclosure for this sale can be found here. Insiders have sold 11,535 shares of company stock worth $1,609,023 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.