Oppenheimer Asset Management Inc. Buys 802 Shares of Qualys, Inc. (NASDAQ:QLYS)

Oppenheimer Asset Management Inc. grew its stake in Qualys, Inc. (NASDAQ:QLYS) by 5.8% in the second quarter, HoldingsChannel reports. The fund owned 14,587 shares of the software maker’s stock after acquiring an additional 802 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Qualys were worth $2,080,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of QLYS. Vanguard Group Inc. increased its holdings in shares of Qualys by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after purchasing an additional 83,504 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Qualys by 9.8% in the 2nd quarter. Boston Trust Walden Corp now owns 809,014 shares of the software maker’s stock valued at $115,365,000 after buying an additional 72,261 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Qualys by 50.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock worth $83,743,000 after acquiring an additional 169,293 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 acquiring an additional 3,357 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its holdings in Qualys by 1.3% in the second quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock valued at $53,095,000 after acquiring an additional 4,932 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the transaction, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $135.14, for a total value of $179,736.20. Following the completion of the sale, the insider now directly owns 59,286 shares in the company, valued at approximately $8,011,910.04. The disclosure for this sale can be found here. Insiders sold 11,535 shares of company stock worth $1,624,105 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on QLYS shares. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. StockNews.com downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Wedbush reduced their price objective on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Piper Sandler dropped their target price 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. Finally, Royal Bank of Canada reduced their price target on Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.83.

Qualys Trading Down 1.7 %

Shares of Qualys stock opened at $124.32 on Wednesday. Qualys, Inc. has a 12 month low of $119.32 and a 12 month high of $206.35. The company has a market capitalization of $4.58 billion, a PE ratio of 28.78 and a beta of 0.46. The stock’s fifty day simple moving average is $131.73 and its 200 day simple moving average is $146.51.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data 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. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.80 million. During the same quarter in the previous year, the business posted $0.95 EPS. Qualys’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts predict that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

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.