Burney Co. Purchases 6,306 Shares of Qualys, Inc. (NASDAQ:QLYS)

Burney Co. lifted its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 43.0% during the fourth quarter, HoldingsChannel reports. The firm owned 20,972 shares of the software maker’s stock after buying an additional 6,306 shares during the quarter. Burney Co.’s holdings in Qualys were worth $2,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aigen Investment Management LP bought a new position in Qualys during the third quarter worth about $445,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Qualys by 208.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after purchasing an additional 58,252 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Qualys by 428.9% during the 3rd quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock valued at $2,345,000 after purchasing an additional 14,804 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Qualys by 57.7% during the 2nd quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock valued at $1,950,000 after purchasing an additional 5,004 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Qualys by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock valued at $3,525,000 after purchasing an additional 8,291 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction on Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now directly owns 55,279 shares of the company’s stock, valued at $6,830,273.24. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey P. Hank sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $146.31, for a total transaction of $585,240.00. Following the sale, the director now owns 12,666 shares of the company’s stock, valued at approximately $1,853,162.46. This represents a 24.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,716 shares of company stock valued at $4,620,419 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on QLYS. UBS Group raised their target price on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Truist Financial boosted their price objective on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Canaccord Genuity Group lifted their price target on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Needham & Company LLC initiated coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating for the company. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $152.80.

Qualys Trading Up 0.3 %

NASDAQ:QLYS opened at $135.91 on Thursday. The firm has a fifty day simple moving average of $146.53 and a 200 day simple moving average of $135.83. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $201.03. The stock has a market capitalization of $4.97 billion, a PE ratio of 29.94 and a beta of 0.57.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $150.74 million. During the same period in the previous year, the business earned $1.24 EPS. Qualys’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Qualys, Inc. will post 4.34 earnings per share for the current fiscal year.

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.