JPMorgan Chase & Co. Has $78.13 Million Position in Qualys, Inc. (NASDAQ:QLYS)

JPMorgan Chase & Co. lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 608,163 shares of the software maker's stock after selling 78,881 shares during the period. JPMorgan Chase & Co. owned about 1.66% of Qualys worth $78,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Qualys in the second quarter valued at about $40,000. UMB Bank n.a. lifted its stake in Qualys by 80.8% during the third quarter. UMB Bank n.a. now owns 432 shares of the software maker's stock worth $55,000 after purchasing an additional 193 shares during the last quarter. Exchange Traded Concepts LLC grew 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 worth $82,000 after buying an additional 223 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Qualys by 68.6% during the third quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker's stock worth $94,000 after buying an additional 297 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Qualys by 21.6% during the third quarter. KBC Group NV now owns 1,091 shares of the software maker's stock worth $140,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company's stock.

Qualys Stock Up 2.4 %

QLYS stock traded up $3.33 during mid-day trading on Friday, reaching $142.25. 345,981 shares of the stock traded hands, compared to its average volume of 242,090. The business has a 50-day moving average of $145.27 and a two-hundred day moving average of $135.99. The firm has a market capitalization of $5.20 billion, a PE ratio of 31.33 and a beta of 0.54. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $201.03.

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

Insider Buying and Selling at Qualys

In other news, 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 value of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Joo Mi Kim sold 634 shares of the company's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the sale, the chief financial officer now directly owns 85,942 shares of the company's stock, valued at $10,501,252.98. The trade was a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,715 shares of company stock worth $4,406,251. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on QLYS shares. 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 note on Wednesday, November 6th. Jefferies Financial Group upped their price objective on shares of Qualys from $135.00 to $155.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. TD Cowen raised their target price on shares of Qualys from $130.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Wolfe Research raised Qualys from an "underperform" rating to a "peer perform" rating in a research report on Monday, November 11th. Finally, DA Davidson boosted their price objective on shares of Qualys from $120.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Three 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $152.80.

Qualys Company 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.