GAMMA Investing LLC Invests $86,000 in Qualys, Inc. (NASDAQ:QLYS)

GAMMA Investing LLC bought a new position in shares of Qualys, Inc. (NASDAQ:QLYS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 453 shares of the software maker’s stock, valued at approximately $86,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Qualys by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,739,966 shares of the software maker’s stock worth $570,532,000 after acquiring an additional 45,867 shares during the period. Congress Asset Management Co. MA increased its stake in shares of Qualys by 5.0% in the 3rd quarter. Congress Asset Management Co. MA now owns 1,137,107 shares of the software maker’s stock valued at $173,466,000 after purchasing an additional 54,219 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Qualys by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 887,988 shares of the software maker’s stock valued at $135,463,000 after purchasing an additional 12,794 shares during the last quarter. Northern Trust Corp increased its stake in shares of Qualys by 2.6% in the 3rd quarter. Northern Trust Corp now owns 570,957 shares of the software maker’s stock valued at $87,099,000 after purchasing an additional 14,273 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Qualys by 2.2% in the 3rd quarter. FMR LLC now owns 517,735 shares of the software maker’s stock valued at $78,980,000 after purchasing an additional 10,946 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Insiders Place Their Bets

In other Qualys news, CFO Joo Mi Kim sold 723 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the sale, the chief financial officer now directly owns 100,289 shares of the company’s stock, valued at approximately $16,523,615.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Joo Mi Kim sold 723 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $164.76, for a total value of $119,121.48. Following the transaction, the chief financial officer now owns 100,289 shares in the company, valued at approximately $16,523,615.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sumedh S. Thakar sold 4,120 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $167.62, for a total value of $690,594.40. Following the completion of the transaction, the chief executive officer now owns 194,481 shares in the company, valued at approximately $32,598,905.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,792 shares of company stock valued at $2,455,489. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QLYS. JPMorgan Chase & Co. lifted their price target on Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a research note on Thursday, February 8th. Wedbush cut their price objective on Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Stephens reissued an “equal weight” rating and set a $190.00 price objective on shares of Qualys in a report on Thursday, February 8th. TD Cowen began coverage on Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price objective on the stock. Finally, Scotiabank began coverage on Qualys in a report on Friday. They set a “sector perform” rating and a $172.00 price objective on the stock. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Qualys currently has a consensus rating of “Hold” and an average price target of $154.57.

Qualys Price Performance

Shares of Qualys stock opened at $168.27 on Tuesday. Qualys, Inc. has a one year low of $107.00 and a one year high of $206.35. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 41.65 and a beta of 0.51. The business has a 50-day simple moving average of $166.63 and a 200 day simple moving average of $175.84.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.26. The business had revenue of $144.57 million during the quarter, compared to analyst estimates of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. On average, sell-side analysts expect that Qualys, Inc. will post 3.35 EPS 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.