Qualys, Inc. (NASDAQ:QLYS) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 428.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,256 shares of the software maker's stock after acquiring an additional 14,804 shares during the quarter. Intech Investment Management LLC's holdings in Qualys were worth $2,345,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Boston Trust Walden Corp raised its stake in shares of Qualys by 14.5% during the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker's stock worth $118,966,000 after purchasing an additional 117,079 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Qualys by 15.3% during the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker's stock worth $67,607,000 after purchasing an additional 63,000 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Qualys by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker's stock worth $62,663,000 after purchasing an additional 3,357 shares during the last quarter. Van Berkom & Associates Inc. raised its stake in shares of Qualys by 1.3% during the second quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker's stock worth $53,095,000 after purchasing an additional 4,932 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Qualys by 100.7% during the second quarter. Millennium Management LLC now owns 367,470 shares of the software maker's stock worth $52,401,000 after purchasing an additional 184,403 shares during the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on QLYS. Canaccord Genuity Group upped their price target on Qualys from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price target on Qualys from $123.00 to $126.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Piper Sandler cut their price objective on Qualys from $116.00 to $115.00 and set an "underweight" rating for the company in a research report on Wednesday, August 7th. TD Cowen increased their price objective on Qualys from $130.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Finally, Northland Securities reiterated a "market perform" rating and issued a $140.00 price objective (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $152.80.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now directly owns 55,618 shares of the company's stock, valued at approximately $6,885,508.40. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey P. Hank sold 4,000 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $146.31, for a total value of $585,240.00. Following the completion of the sale, the director now directly owns 12,666 shares in the company, valued at approximately $1,853,162.46. The trade was a 24.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,919 shares of company stock valued at $2,993,000. Insiders own 1.00% of the company's stock.

Qualys Stock Up 2.0 %

Shares of QLYS traded up $3.07 during trading hours on Monday, reaching $156.44. 521,811 shares of the company traded hands, compared to its average volume of 444,718. The stock has a market capitalization of $5.72 billion, a PE ratio of 34.52 and a beta of 0.47. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The stock has a fifty day simple moving average of $131.26 and a 200 day simple moving average of $134.70.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.23. The business 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%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. Research analysts predict that Qualys, Inc. will post 4.34 EPS for the current fiscal 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.