Free Trial

Geode Capital Management LLC Acquires 20,038 Shares of Qualys, Inc. (NASDAQ:QLYS)

Qualys logo with Computer and Technology background

Geode Capital Management LLC boosted its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,246,562 shares of the software maker's stock after purchasing an additional 20,038 shares during the period. Geode Capital Management LLC owned about 3.41% of Qualys worth $160,957,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. 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 valued at $32,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. grew 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 buying an additional 143 shares in the last quarter. Quarry LP bought a new stake in Qualys during the 2nd quarter valued at $40,000. DT Investment Partners LLC purchased a new stake in shares of Qualys during the second quarter worth $41,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker's stock worth $82,000 after acquiring an additional 223 shares during the period. Institutional investors own 99.31% of the company's stock.

Qualys Stock Down 0.9 %

NASDAQ:QLYS traded down $1.32 during trading hours on Monday, reaching $146.22. 423,687 shares of the stock were exchanged, compared to its average volume of 435,724. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35. The business has a 50-day moving average of $139.96 and a two-hundred day moving average of $135.52. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 32.50 and a beta of 0.54.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. The firm had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. Qualys's revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. On average, research analysts forecast that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Bruce K. Posey sold 1,339 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the transaction, the insider now directly owns 55,279 shares of the company's stock, valued at approximately $6,830,273.24. This trade represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joo Mi Kim sold 1,332 shares of Qualys stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $157.37, for a total value of $209,616.84. Following the transaction, the chief financial officer now owns 113,652 shares in the company, valued at approximately $17,885,415.24. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,190 shares of company stock worth $4,449,290 in the last 90 days. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

QLYS has been the topic of a number of analyst reports. Needham & Company LLC began coverage on Qualys in a research note on Wednesday, November 6th. They set a "hold" rating on the stock. Canaccord Genuity Group raised their price objective on shares of Qualys from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Morgan Stanley upped their target price on shares of Qualys from $123.00 to $126.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Jefferies Financial Group increased their price objective on Qualys from $135.00 to $155.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their target price on Qualys from $150.00 to $162.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Qualys presently has an average rating of "Hold" and a consensus price target of $152.80.

Get Our Latest Analysis on Qualys

About Qualys

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

Should you invest $1,000 in Qualys right now?

Before you consider Qualys, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Qualys wasn't on the list.

While Qualys currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Unlock the Potential in Options Trading Cover

Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines