Aigen Investment Management LP Acquires New Stake in Qualys, Inc. (NASDAQ:QLYS)

Aigen Investment Management LP bought a new position in shares of Qualys, Inc. (NASDAQ:QLYS) during the 3rd quarter, Holdings Channel.com reports. The firm bought 3,462 shares of the software maker’s stock, valued at approximately $445,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake 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 worth $640,748,000 after acquiring an additional 83,504 shares during the period. Boston Trust Walden Corp lifted its position in shares of Qualys by 14.5% in the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after purchasing an additional 117,079 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Qualys by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock valued at $67,607,000 after purchasing an additional 63,000 shares during the last quarter. Bank of New York Mellon Corp increased 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 buying an additional 3,357 shares during the period. Finally, Van Berkom & Associates Inc. raised its stake in Qualys by 1.3% during the second quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock worth $53,095,000 after buying an additional 4,932 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Qualys Stock Down 1.3 %

Shares of Qualys stock opened at $149.39 on Friday. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35. The business has a 50 day moving average price of $127.90 and a 200-day moving average price of $135.75. The company has a market cap of $5.47 billion, a PE ratio of 32.91 and a beta of 0.47.

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 the consensus estimate of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. During the same period last year, the business earned $1.24 EPS. The business’s revenue was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current year.

Wall Street Analysts Forecast Growth

QLYS has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their price target on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Northland Securities reiterated 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. Wolfe Research upgraded Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday. Scotiabank reduced their price objective on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $152.80.

Insider Buying and Selling

In related 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the completion of the transaction, the insider now owns 55,279 shares of the company’s stock, valued at $6,830,273.24. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,919 shares of company stock worth $1,360,140. 1.00% of the stock is owned by insiders.

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.