Zurcher Kantonalbank Zurich Cantonalbank Acquires 2,243 Shares of Qualys, Inc. (NASDAQ:QLYS)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Qualys, Inc. (NASDAQ:QLYS) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,081 shares of the software maker’s stock after acquiring an additional 2,243 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Qualys were worth $3,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of QLYS. First Horizon Advisors Inc. grew its position in Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Qualys by 149.0% in the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after buying an additional 143 shares during the period. Quarry LP bought a new position in Qualys during the second quarter valued at about $40,000. DT Investment Partners LLC acquired a new position in Qualys in the 2nd quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC raised its holdings in Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insider Transactions at Qualys

In other news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the transaction, the chief financial officer now owns 86,576 shares in the company, valued at $10,695,599.04. This trade represents a 0.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $149.66, for a total value of $1,047,620.00. Following the sale, the chief executive officer now owns 225,453 shares in the company, valued at $33,741,295.98. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,919 shares of company stock valued at $2,993,000 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Qualys Trading Up 1.3 %

Shares of NASDAQ QLYS opened at $155.59 on Tuesday. The company has a fifty day moving average price of $134.91 and a 200 day moving average price of $134.93. The firm has a market cap of $5.69 billion, a PE ratio of 34.27 and a beta of 0.47. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $206.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. Equities research analysts forecast that Qualys, Inc. will post 4.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QLYS. Westpark Capital restated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Truist Financial raised their price objective on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Northland Securities reissued a “market perform” rating and issued a $140.00 target price (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Finally, Piper Sandler cut their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Qualys presently has a consensus rating of “Hold” and a consensus price target of $152.80.

Qualys Company 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.