Jackson Creek Investment Advisors LLC Buys New Position in Qualys, Inc. (NASDAQ:QLYS)

Jackson Creek Investment Advisors LLC bought a new position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 11,695 shares of the software maker's stock, valued at approximately $1,640,000.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Qualys by 12,750.0% during the third quarter. International Assets Investment Management LLC now owns 1,542 shares of the software maker's stock valued at $198,000 after purchasing an additional 1,530 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Qualys by 29.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,364 shares of the software maker's stock valued at $304,000 after buying an additional 537 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Qualys by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,267 shares of the software maker's stock worth $548,000 after acquiring an additional 290 shares during the period. Janney Montgomery Scott LLC increased its holdings in Qualys by 1.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 92,004 shares of the software maker's stock worth $11,819,000 after acquiring an additional 1,163 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Qualys by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker's stock valued at $3,525,000 after acquiring an additional 8,291 shares during the period. 99.31% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

QLYS has been the subject of a number of research reports. Scotiabank cut their target price on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Northland Securities reiterated a "market perform" rating and issued a $146.00 price objective (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Needham & Company LLC restated a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Loop Capital cut their price target on Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a report on Friday, February 7th. Finally, Royal Bank of Canada decreased their price objective on Qualys from $162.00 to $135.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $146.57.

Qualys Price Performance

QLYS stock traded down $1.33 during midday trading on Tuesday, reaching $123.95. The company had a trading volume of 381,379 shares, compared to its average volume of 394,359. The firm has a 50-day moving average price of $137.85 and a 200-day moving average price of $136.08. The company has a market capitalization of $4.52 billion, a P/E ratio of 26.66 and a beta of 0.56. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $174.31.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, equities analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

Insider Activity

In related news, insider Bruce K. Posey sold 525 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $139.48, for a total transaction of $73,227.00. Following the completion of the sale, the insider now directly owns 65,373 shares in the company, valued at $9,118,226.04. This represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 225,453 shares in the company, valued at approximately $30,321,173.97. The trade was a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,926 shares of company stock valued at $3,745,742. Corporate insiders own 1.00% of the company's stock.

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.