Kestra Investment Management LLC Buys 1,733 Shares of Qualys, Inc. (NASDAQ:QLYS)

Kestra Investment Management LLC lifted its stake in Qualys, Inc. (NASDAQ:QLYS) by 79.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,919 shares of the software maker’s stock after buying an additional 1,733 shares during the quarter. Kestra Investment Management LLC’s holdings in Qualys were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP bought a new stake in Qualys during the 3rd quarter valued at approximately $445,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Qualys by 208.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after acquiring an additional 58,252 shares during the last quarter. Intech Investment Management LLC increased its stake in Qualys by 428.9% in the 3rd quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock worth $2,345,000 after acquiring an additional 14,804 shares during the last quarter. Van ECK Associates Corp increased its stake in Qualys by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after acquiring an additional 8,291 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Qualys by 13.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker’s stock worth $1,095,000 after acquiring an additional 933 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 8,555 shares of Qualys stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the completion of the sale, the insider now directly owns 64,032 shares of the company’s stock, valued at $9,900,627.84. The trade was a 11.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joo Mi Kim sold 1,635 shares of Qualys stock in a transaction on Monday, January 6th. The shares were sold at an average price of $138.64, for a total value of $226,676.40. Following the sale, the chief financial officer now directly owns 112,017 shares of the company’s stock, valued at approximately $15,530,036.88. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,288 shares of company stock valued at $5,204,906 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on QLYS shares. Wolfe Research raised Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Royal Bank of Canada reduced their price objective on Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Morgan Stanley lifted their price objective on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Scotiabank dropped their target price on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Qualys currently has an average rating of “Hold” and an average price target of $146.57.

Qualys Stock Up 2.7 %

QLYS opened at $147.70 on Wednesday. The business has a fifty day moving average of $141.09 and a 200 day moving average of $135.31. Qualys, Inc. has a 52-week low of $119.17 and a 52-week high of $174.31. The stock has a market cap of $5.40 billion, a P/E ratio of 31.76 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. Equities analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

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.