The Manufacturers Life Insurance Company Buys 127 Shares of Qualys, Inc. (NASDAQ:QLYS)

The Manufacturers Life Insurance Company raised its holdings in Qualys, Inc. (NASDAQ:QLYS) by 0.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,436 shares of the software maker’s stock after buying an additional 127 shares during the quarter. The Manufacturers Life Insurance Company owned 0.13% of Qualys worth $6,622,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of QLYS. Rise Advisors LLC acquired a new stake in shares of Qualys during the 1st quarter valued at about $26,000. First Horizon Advisors Inc. lifted its holdings in Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after acquiring an additional 168 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Qualys by 545.2% in the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after buying an additional 169 shares during the period. DecisionPoint Financial LLC acquired a new position in shares of Qualys during the first quarter worth about $34,000. Finally, UMB Bank n.a. boosted its holdings in Qualys by 149.0% during the second 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 owned by institutional investors.

Qualys Trading Up 1.0 %

Shares of Qualys stock opened at $127.13 on Friday. The company has a market cap of $4.68 billion, a P/E ratio of 29.43 and a beta of 0.46. Qualys, Inc. has a 1-year low of $119.32 and a 1-year high of $206.35. The business has a 50-day moving average price of $127.01 and a two-hundred day moving average price of $142.83.

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

Insider Activity at Qualys

In other Qualys news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Thursday, September 5th. The shares were 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 of the company’s stock, valued at $10,695,599.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $143.35, for a total value of $191,945.65. Following the completion of the transaction, the insider now owns 58,947 shares in the company, valued at $8,450,052.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the sale, the chief financial officer now owns 86,576 shares in the company, valued at $10,695,599.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,901 shares of company stock valued at $1,517,251 over the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on QLYS. Scotiabank cut their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Truist Financial lowered their target price on shares of Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. UBS Group reduced their price objective on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Finally, TD Cowen decreased their target price on shares of Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Qualys has an average rating of “Hold” and an average target price of $147.83.

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.