M&T Bank Corp Grows Holdings in Qualys, Inc. (NASDAQ:QLYS)

M&T Bank Corp raised its position in Qualys, Inc. (NASDAQ:QLYS) by 36.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,262 shares of the software maker’s stock after buying an additional 607 shares during the period. M&T Bank Corp’s holdings in Qualys were worth $291,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Financial Enhancement Group LLC boosted its holdings in Qualys by 1.5% in the third quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock valued at $784,000 after purchasing an additional 91 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Qualys by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after buying an additional 107 shares during the last quarter. Legacy Advisors LLC grew its position in shares of Qualys by 1.4% during the second quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock worth $1,180,000 after buying an additional 113 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Qualys by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock worth $6,622,000 after buying an additional 127 shares during the last quarter. Finally, West Coast Financial LLC raised its holdings in Qualys by 0.6% in the third quarter. West Coast Financial LLC now owns 23,177 shares of the software maker’s stock valued at $2,977,000 after acquiring an additional 127 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on QLYS shares. Canaccord Genuity Group boosted their target price on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley boosted their price objective on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Needham & Company LLC started coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating on the stock. Westpark Capital reiterated a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Finally, DA Davidson upped their price target on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $152.80.

Qualys Price Performance

QLYS opened at $141.37 on Thursday. Qualys, Inc. has a 12 month low of $119.17 and a 12 month high of $206.35. The stock’s 50 day moving average price is $140.93 and its 200 day moving average price is $135.61. The stock has a market cap of $5.17 billion, a P/E ratio of 31.14 and a beta of 0.54.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. Equities analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joo Mi Kim sold 1,332 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $157.37, for a total value of $209,616.84. Following the completion of the sale, the chief financial officer now owns 113,652 shares of the company’s stock, valued at approximately $17,885,415.24. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,190 shares of company stock worth $4,449,290. 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.