Qualys, Inc. (NASDAQ:QLYS) Shares Bought by Torray Investment Partners LLC

Torray Investment Partners LLC raised its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 27.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,364 shares of the software maker’s stock after purchasing an additional 2,472 shares during the period. Torray Investment Partners LLC’s holdings in Qualys were worth $1,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QLYS. Wallace Advisory Group LLC increased its holdings in shares of Qualys by 4.0% in the first quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock valued at $275,000 after purchasing an additional 63 shares during the period. Newbridge Financial Services Group Inc. raised its position in Qualys by 33.2% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock worth $65,000 after buying an additional 83 shares during the last quarter. Covenant Partners LLC lifted its stake in Qualys by 3.5% during the 4th quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock valued at $492,000 after acquiring an additional 84 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Qualys by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 23,700 shares of the software maker’s stock valued at $4,652,000 after acquiring an additional 89 shares during the last quarter. Finally, Bridge City Capital LLC increased its stake in shares of Qualys by 0.8% in the first quarter. Bridge City Capital LLC now owns 12,630 shares of the software maker’s stock worth $2,108,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Stock Down 1.2 %

QLYS traded down $1.49 on Friday, reaching $122.23. The company’s stock had a trading volume of 269,236 shares, compared to its average volume of 442,794. Qualys, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $206.35. The stock has a 50 day moving average of $134.37 and a two-hundred day moving average of $148.79. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 28.29 and a beta of 0.46.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on QLYS shares. TD Cowen lowered their price objective on Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Scotiabank lowered their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada dropped 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 report on Wednesday, August 7th. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Qualys 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $147.83.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction that occurred 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 sale, the insider now owns 59,286 shares of the company’s stock, valued at approximately $8,011,910.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Qualys news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $133.93, for a total value of $82,500.88. Following the sale, the chief financial officer now owns 87,077 shares of the company’s stock, valued at $11,662,222.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $135.14, for a total transaction of $179,736.20. Following the transaction, the insider now owns 59,286 shares of the company’s stock, valued at $8,011,910.04. The disclosure for this sale can be found here. Insiders sold a total of 19,385 shares of company stock valued at $2,693,477 over the last three months. 1.00% of the stock is currently owned by company 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.