Argent Capital Management LLC Has $678,000 Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Argent Capital Management LLC increased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,833 shares of the software maker’s stock after buying an additional 1,287 shares during the quarter. Argent Capital Management LLC’s holdings in Qualys were worth $678,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new stake in shares of Qualys during the 2nd quarter worth about $40,000. UMB Bank n.a. lifted its position in shares of Qualys by 80.8% during the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after purchasing an additional 193 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares during the last quarter. Mendota Financial Group LLC acquired a new position in shares of Qualys during the 4th quarter worth about $91,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Qualys by 68.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock worth $94,000 after purchasing an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Westpark Capital reissued a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. UBS Group boosted their price objective on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. TD Cowen upped their price target on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. DA Davidson upped their price target on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC began coverage on Qualys in a report on Wednesday, November 6th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Qualys currently has a consensus rating of “Hold” and an average target price of $152.80.

Insider Activity

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the completion of the transaction, the chief executive officer now directly owns 225,453 shares in the company, valued at $33,741,295.98. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce K. Posey sold 8,555 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the transaction, the insider now owns 64,032 shares of the company’s stock, valued at approximately $9,900,627.84. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,716 shares of company stock worth $4,620,419. Corporate insiders own 1.00% of the company’s stock.

Qualys Stock Up 0.3 %

Shares of QLYS stock opened at $135.91 on Thursday. The firm has a 50 day moving average price of $146.53 and a two-hundred day moving average price of $135.83. The company has a market capitalization of $4.97 billion, a PE ratio of 29.94 and a beta of 0.57. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $201.03.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results 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 company had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same period in the previous year, the business earned $1.24 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, research analysts expect that Qualys, Inc. will post 4.34 EPS for the current 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.