Financial Enhancement Group LLC Boosts Holdings in Qualys, Inc. (NASDAQ:QLYS)

Financial Enhancement Group LLC raised its position in Qualys, Inc. (NASDAQ:QLYS) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,100 shares of the software maker’s stock after buying an additional 91 shares during the period. Financial Enhancement Group LLC’s holdings in Qualys were worth $784,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in Qualys by 36.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock worth $3,374,000 after buying an additional 5,508 shares during the period. SG Americas Securities LLC lifted its stake in Qualys by 2,459.9% during the second quarter. SG Americas Securities LLC now owns 43,135 shares of the software maker’s stock worth $6,151,000 after purchasing an additional 41,450 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Qualys in the first quarter valued at $1,139,000. CANADA LIFE ASSURANCE Co grew its stake in Qualys by 13.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,304 shares of the software maker’s stock worth $18,048,000 after buying an additional 12,915 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Qualys by 57.7% during the 2nd quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock worth $1,950,000 after purchasing an additional 5,004 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on QLYS. Canaccord Genuity Group raised their target price on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Wednesday. Northland Securities restated a “market perform” rating and issued a $140.00 target price (down from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Scotiabank dropped their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Piper Sandler dropped their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $152.80.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the transaction, the insider now owns 55,279 shares of the company’s stock, valued at approximately $6,830,273.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $123.56, for a total value of $165,446.84. Following the sale, the insider now owns 55,279 shares of the company’s stock, valued at approximately $6,830,273.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were 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 of the company’s stock, valued at $22,493,851.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,919 shares of company stock worth $1,360,140. 1.00% of the stock is owned by insiders.

Qualys Stock Performance

Shares of Qualys stock opened at $159.23 on Thursday. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $206.35. The firm’s 50-day simple moving average is $124.93 and its 200-day simple moving average is $136.32. The firm has a market cap of $5.86 billion, a PE ratio of 35.07 and a beta of 0.47.

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