HighTower Advisors LLC Has $727,000 Holdings in Qualys, Inc. (NASDAQ:QLYS)

HighTower Advisors LLC trimmed its position in Qualys, Inc. (NASDAQ:QLYS) by 7.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,669 shares of the software maker’s stock after selling 463 shares during the period. HighTower Advisors LLC’s holdings in Qualys were worth $727,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Qualys by 149.0% in the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after buying an additional 143 shares during the period. Quarry LP bought a new position in Qualys in the 2nd quarter valued at approximately $40,000. Exchange Traded Concepts LLC boosted its position in Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after buying an additional 223 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Qualys by 68.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock worth $94,000 after acquiring an additional 297 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insider Activity

In other news, insider Bruce K. Posey sold 8,555 shares of Qualys stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the completion of the transaction, the insider now directly owns 64,032 shares in the company, valued at $9,900,627.84. This trade represents a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the sale, the chief financial officer now owns 85,942 shares in the company, valued at $10,501,252.98. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,190 shares of company stock worth $4,449,290 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Qualys Stock Down 3.1 %

NASDAQ:QLYS opened at $141.37 on Thursday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 31.14 and a beta of 0.54. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35. The company has a fifty day moving average of $140.93 and a 200-day moving average of $135.61.

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, beating the consensus estimate of $1.33 by $0.23. The firm had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 earnings per share. On average, analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on QLYS shares. Truist Financial raised their price target on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. TD Cowen raised their target price on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Jefferies Financial Group upped their price target on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. DA Davidson raised their price objective on Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, UBS Group upped their target price on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $152.80.

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.