Martingale Asset Management L P Purchases 4,625 Shares of Qualys, Inc. (NASDAQ:QLYS)

Martingale Asset Management L P boosted its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 28.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,154 shares of the software maker's stock after purchasing an additional 4,625 shares during the quarter. Martingale Asset Management L P owned about 0.06% of Qualys worth $2,717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its holdings in Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker's stock worth $32,000 after buying an additional 168 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker's stock valued at $34,000 after purchasing an additional 143 shares in the last quarter. Quarry LP acquired a new stake in Qualys in the second quarter worth about $40,000. DT Investment Partners LLC bought a new position in Qualys in the 2nd quarter valued at about $41,000. Finally, Exchange Traded Concepts LLC increased its stake in Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker's stock valued at $82,000 after buying an additional 223 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Trading Down 0.7 %

NASDAQ:QLYS traded down $1.08 during trading hours on Friday, hitting $153.60. 145,776 shares of the company traded hands, compared to its average volume of 626,602. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35. The firm has a 50-day moving average of $134.34 and a 200 day moving average of $134.98. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 33.83 and a beta of 0.47.

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

Insider Transactions at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Joo Mi Kim sold 616 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at $10,695,599.04. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,919 shares of company stock valued at $2,993,000. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on QLYS. TD Cowen lifted their target price on Qualys from $130.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Piper Sandler lowered their price objective on shares of Qualys from $116.00 to $115.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 7th. Wolfe Research raised shares of Qualys from an "underperform" rating to a "peer perform" rating in a research note on Monday, November 11th. Truist Financial lifted their price target on shares of Qualys from $120.00 to $145.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley increased their price objective on Qualys from $123.00 to $126.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, 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.