MML Investors Services LLC Buys 3,701 Shares of Qualys, Inc. (NASDAQ:QLYS)

MML Investors Services LLC raised its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 21.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,864 shares of the software maker's stock after purchasing an additional 3,701 shares during the period. MML Investors Services LLC owned 0.06% of Qualys worth $2,680,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in QLYS. First National Bank of Omaha boosted its holdings in Qualys by 22.7% in the third quarter. First National Bank of Omaha now owns 12,011 shares of the software maker's stock worth $1,543,000 after purchasing an additional 2,224 shares in the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of Qualys in the third quarter worth about $797,000. Zacks Investment Management boosted its stake in shares of Qualys by 14.2% during the 3rd quarter. Zacks Investment Management now owns 11,333 shares of the software maker's stock worth $1,456,000 after acquiring an additional 1,413 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Qualys during the 3rd quarter valued at about $238,000. Finally, Quarry LP increased its holdings 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 acquiring an additional 158 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Price Performance

Shares of NASDAQ QLYS traded down $1.32 during mid-day trading on Monday, hitting $146.22. The company's stock had a trading volume of 423,687 shares, compared to its average volume of 435,724. Qualys, Inc. has a one year low of $119.17 and a one year high of $206.35. The company's fifty day simple moving average is $140.46 and its 200-day simple moving average is $135.57. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 32.21 and a beta of 0.54.

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

Insider Transactions at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the transaction, the insider now owns 55,618 shares of the company's stock, valued at approximately $6,885,508.40. The trade was a 2.34 % 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, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. The trade was a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,190 shares of company stock valued at $4,449,290 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QLYS. TD Cowen lifted their price objective on Qualys from $130.00 to $150.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Truist Financial lifted their price target on Qualys from $120.00 to $145.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Needham & Company LLC started coverage on Qualys in a report on Wednesday, November 6th. They set a "hold" rating for the company. Canaccord Genuity Group raised their price objective on shares of Qualys from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley upped their target price on shares of Qualys from $123.00 to $126.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Qualys currently has an average rating of "Hold" and an average 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.