Proficio Capital Partners LLC Makes New Investment in Qualys, Inc. (NASDAQ:QLYS)

Proficio Capital Partners LLC acquired a new stake in Qualys, Inc. (NASDAQ:QLYS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 33,513 shares of the software maker’s stock, valued at approximately $4,699,000. Proficio Capital Partners LLC owned about 0.09% of Qualys as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Qualys in the fourth quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Qualys in the 4th quarter worth about $39,000. Fifth Third Bancorp lifted its stake in shares of Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after purchasing an additional 99 shares during the period. Quarry LP boosted its position in shares of Qualys by 56.2% during the 3rd quarter. Quarry LP now owns 439 shares of the software maker’s stock valued at $56,000 after purchasing an additional 158 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in Qualys during the fourth quarter worth approximately $91,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QLYS has been the topic of a number of research analyst reports. Royal Bank of Canada cut their price target on Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Northland Securities restated a “market perform” rating and issued a $146.00 price target (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Canaccord Genuity Group dropped their price objective on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, February 7th. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, Loop Capital dropped their price target on Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $146.57.

Insider Activity at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total value of $941,430.00. Following the sale, the chief executive officer now directly owns 225,453 shares in the company, valued at $30,321,173.97. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bruce K. Posey sold 525 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $139.48, for a total value of $73,227.00. Following the transaction, the insider now owns 65,373 shares of the company’s stock, valued at $9,118,226.04. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,926 shares of company stock worth $3,745,742. 1.00% of the stock is owned by company insiders.

Qualys Stock Up 3.2 %

QLYS stock opened at $130.49 on Tuesday. The firm has a market cap of $4.76 billion, a PE ratio of 28.06 and a beta of 0.56. The business has a 50 day moving average of $136.38 and a 200-day moving average of $136.07. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $174.20.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. On average, research analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current year.

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.