Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Financial Enhancement Group LLC

Financial Enhancement Group LLC lessened its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,889 shares of the software maker’s stock after selling 211 shares during the quarter. Financial Enhancement Group LLC’s holdings in Qualys were worth $787,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Argent Capital Management LLC raised its stake in shares of Qualys by 36.3% in the fourth quarter. Argent Capital Management LLC now owns 4,833 shares of the software maker’s stock valued at $678,000 after acquiring an additional 1,287 shares in the last quarter. Outlook Wealth Advisors LLC lifted its holdings in Qualys by 40.1% during the 4th quarter. Outlook Wealth Advisors LLC now owns 3,177 shares of the software maker’s stock worth $445,000 after buying an additional 910 shares during the last quarter. Burney Co. boosted its position in shares of Qualys by 43.0% during the 4th quarter. Burney Co. now owns 20,972 shares of the software maker’s stock worth $2,941,000 after acquiring an additional 6,306 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Qualys by 21.7% during the 4th quarter. Park Avenue Securities LLC now owns 6,591 shares of the software maker’s stock worth $924,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Qualys by 1,386.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker’s stock worth $49,876,000 after purchasing an additional 331,766 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Price Performance

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

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS 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 during the quarter, compared to analysts’ expectations of $150.74 million. During the same quarter last year, the business earned $1.24 EPS. The business’s revenue was up 8.4% on a year-over-year basis. Analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 855 shares of Qualys stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $142.24, for a total value of $121,615.20. Following the sale, the insider now directly owns 63,177 shares in the company, valued at $8,986,296.48. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey P. Hank sold 4,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $146.31, for a total value of $585,240.00. Following the completion of the transaction, the director now owns 12,666 shares of the company’s stock, valued at $1,853,162.46. The trade was a 24.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,716 shares of company stock valued at $4,620,419. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on QLYS shares. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price target on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. UBS Group upped their price objective on shares of Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. DA Davidson lifted their target price on Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group raised their price target on Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Three investment 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, the company currently has an average rating of “Hold” and a consensus target price 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.