Marshall Financial Group LLC Buys New Stake in Qualys, Inc. (NASDAQ:QLYS)

Marshall Financial Group LLC acquired a new stake in Qualys, Inc. (NASDAQ:QLYS) in the 2nd quarter, HoldingsChannel reports. The fund acquired 10,093 shares of the software maker’s stock, valued at approximately $1,439,000.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in Qualys by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,682 shares of the software maker’s stock valued at $330,000 after acquiring an additional 400 shares during the period. International Assets Investment Management LLC lifted its position in shares of Qualys by 201,932.8% in the fourth quarter. International Assets Investment Management LLC now owns 117,179 shares of the software maker’s stock valued at $23,000,000 after acquiring an additional 117,121 shares in the last quarter. NewEdge Wealth LLC acquired a new stake in shares of Qualys in the fourth quarter worth approximately $215,000. Louisiana State Employees Retirement System purchased a new stake in shares of Qualys during the fourth quarter worth approximately $2,022,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Qualys in the 4th quarter valued at $363,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction on Monday, August 5th. The stock was sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the transaction, the chief financial officer now directly owns 87,077 shares in the company, valued at $11,662,222.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the sale, the chief financial officer now owns 87,077 shares of the company’s stock, valued at $11,662,222.61. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the completion of the transaction, the insider now owns 59,616 shares of the company’s stock, valued at approximately $8,658,627.84. The disclosure for this sale can be found here. Insiders sold a total of 29,715 shares of company stock worth $4,142,951 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Qualys Trading Down 2.1 %

Qualys stock traded down $2.66 during midday trading on Friday, reaching $122.28. 520,747 shares of the stock traded hands, compared to its average volume of 478,434. The firm has a market cap of $4.50 billion, a PE ratio of 28.31 and a beta of 0.49. The company has a 50-day simple moving average of $138.50 and a two-hundred day simple moving average of $153.90. Qualys, Inc. has a 12-month low of $121.64 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating the consensus estimate of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The business had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. During the same quarter last year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Qualys, Inc. will post 3.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on QLYS shares. TD Cowen dropped their target price on shares of Qualys from $170.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Piper Sandler cut their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. Northland Securities reiterated a “market perform” rating and issued a $140.00 price objective (down from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Finally, Scotiabank reduced their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $149.92.

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.