Valmark Advisers Inc. grew its holdings in Qualys, Inc. (NASDAQ:QLYS) by 39.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,857 shares of the software maker’s stock after acquiring an additional 1,945 shares during the quarter. Valmark Advisers Inc.’s holdings in Qualys were worth $672,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in QLYS. Creative Financial Designs Inc. ADV acquired a new position in shares of Qualys in the second quarter valued at approximately $43,000. FinTrust Capital Advisors LLC purchased a new stake in Qualys in the second quarter valued at approximately $48,000. Point72 Hong Kong Ltd purchased a new stake in Qualys in the second quarter valued at approximately $108,000. Stephens Inc. AR raised its position in Qualys by 253.2% in the second quarter. Stephens Inc. AR now owns 1,063 shares of the software maker’s stock valued at $111,000 after purchasing an additional 762 shares during the period. Finally, Signaturefd LLC raised its position in Qualys by 2,234.0% in the third quarter. Signaturefd LLC now owns 1,097 shares of the software maker’s stock valued at $108,000 after purchasing an additional 1,050 shares during the period. 90.75% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Qualys from a “buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Loop Capital initiated coverage on shares of Qualys in a report on Tuesday, September 8th. They issued a “buy” rating and a $140.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $118.00 price target on shares of Qualys in a report on Tuesday, August 11th. BidaskClub lowered shares of Qualys from a “hold” rating to a “sell” rating in a report on Monday, November 2nd. Finally, The Goldman Sachs Group lowered shares of Qualys from a “neutral” rating to a “sell” rating and decreased their price target for the company from $116.00 to $99.00 in a report on Thursday, October 22nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $111.85.
In related news, insider Sumedh S. Thakar sold 3,258 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $102.34, for a total value of $333,423.72. Following the completion of the transaction, the insider now owns 165,311 shares of the company’s stock, valued at $16,917,927.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kristi Marie Rogers sold 12,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $107.00, for a total value of $1,284,000.00. Following the completion of the transaction, the director now directly owns 18,705 shares of the company’s stock, valued at approximately $2,001,435. The disclosure for this sale can be found here. In the last three months, insiders sold 23,058 shares of company stock valued at $2,362,324. 16.20% of the stock is currently owned by company insiders.
Qualys stock opened at $91.01 on Tuesday. The firm has a 50-day moving average price of $96.12 and a two-hundred day moving average price of $104.06. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 43.96 and a beta of 0.85. Qualys, Inc. has a 52-week low of $63.37 and a 52-week high of $125.22.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, November 4th. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.28. Qualys had a net margin of 24.78% and a return on equity of 20.93%. The firm had revenue of $93.07 million during the quarter, compared to the consensus estimate of $91.97 million. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue was up 12.6% on a year-over-year basis. Research analysts anticipate that Qualys, Inc. will post 1.9 earnings per share for the current year.
Qualys Company Profile
Qualys, Inc provides cloud-based platform that delivers information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Patch Management, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall, as well as Cloud Inventory, Cloud Security Assessment, and Container Security.
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