Asset Management One Co. Ltd. Increases Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Asset Management One Co. Ltd. increased its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,938 shares of the software maker’s stock after purchasing an additional 664 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Qualys were worth $5,773,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of Qualys by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock worth $699,000 after buying an additional 107 shares during the last quarter. Legacy Advisors LLC boosted its position in Qualys by 1.4% in the second quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock worth $1,180,000 after purchasing an additional 113 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Qualys by 8.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker’s stock valued at $281,000 after purchasing an additional 126 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Qualys by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock valued at $6,622,000 after purchasing an additional 127 shares during the last quarter. Finally, West Coast Financial LLC raised its stake in shares of Qualys by 0.6% during the 3rd quarter. West Coast Financial LLC now owns 23,177 shares of the software maker’s stock worth $2,977,000 after purchasing an additional 127 shares during the period. 99.31% of the stock is owned by institutional investors.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $153.99 on Friday. The firm has a fifty day moving average price of $126.10 and a two-hundred day moving average price of $136.35. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 33.92 and a beta of 0.47. Qualys, Inc. has a one year low of $119.17 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.33 by $0.23. The business had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. Equities research analysts expect that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on QLYS. Northland Securities restated a “market perform” rating and set a $140.00 price target (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Truist Financial increased their target price on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday. Scotiabank lowered their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. TD Cowen upped their price objective on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, DA Davidson raised their target price on Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Qualys has an average rating of “Hold” and a consensus price target of $152.80.

Insider Transactions at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 owns 86,576 shares in the company, valued at approximately $10,695,599.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,919 shares of company stock valued at $1,360,140. 1.00% of the stock is owned by corporate insiders.

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.