Quantbot Technologies LP Has $5.15 Million Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Quantbot Technologies LP boosted its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 259.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,103 shares of the software maker’s stock after purchasing an additional 26,069 shares during the quarter. Quantbot Technologies LP’s holdings in Qualys were worth $5,148,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in shares of Qualys in the first quarter valued at approximately $26,000. First Horizon Advisors Inc. raised its stake in Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Qualys by 545.2% in the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after purchasing an additional 169 shares during the period. DecisionPoint Financial LLC bought a new stake in Qualys in the 1st quarter valued at $34,000. Finally, UMB Bank n.a. grew its position in Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after purchasing an additional 143 shares during the last quarter. 99.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

QLYS has been the subject of a number of research analyst reports. Piper Sandler cut their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Northland Securities reiterated a “market perform” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. DA Davidson raised Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Scotiabank cut their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada decreased their price target on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $147.83.

Insiders Place Their Bets

In other news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total value of $179,736.20. Following the completion of the sale, the insider now directly owns 59,286 shares in the company, valued at $8,011,910.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Joo Mi Kim sold 634 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $144.75, for a total value of $91,771.50. Following the completion of the transaction, the chief financial officer now owns 90,745 shares in the company, valued at approximately $13,135,338.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $135.14, for a total value of $179,736.20. Following the completion of the transaction, the insider now owns 59,286 shares in the company, valued at $8,011,910.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,535 shares of company stock valued at $1,624,105. 1.00% of the stock is currently owned by corporate insiders.

Qualys Stock Up 1.6 %

Shares of QLYS stock opened at $126.22 on Monday. The company has a market capitalization of $4.65 billion, a P/E ratio of 29.22 and a beta of 0.46. Qualys, Inc. has a 12-month low of $119.32 and a 12-month high of $206.35. The firm has a 50-day moving average price of $132.34 and a 200 day moving average price of $147.14.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.32 by $0.20. The business had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. Qualys’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. As a group, research analysts expect that Qualys, Inc. will post 3.94 earnings per share for the current year.

About Qualys

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.