Trust Point Inc. Acquires New Shares in Qualys, Inc. (NASDAQ:QLYS)

Trust Point Inc. acquired a new stake in Qualys, Inc. (NASDAQ:QLYS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,685 shares of the software maker’s stock, valued at approximately $376,000.

A number of other large investors have also made changes to their positions in QLYS. Truist Financial Corp increased its position in shares of Qualys by 42.1% in the 2nd quarter. Truist Financial Corp now owns 1,751 shares of the software maker’s stock valued at $250,000 after buying an additional 519 shares in the last quarter. Cetera Investment Advisers increased its holdings in Qualys by 27.3% during the 2nd quarter. Cetera Investment Advisers now owns 9,976 shares of the software maker’s stock worth $1,423,000 after purchasing an additional 2,137 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Qualys during the 2nd quarter worth about $536,000. Handelsbanken Fonder AB increased its holdings in Qualys by 23.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,551 shares of the software maker’s stock worth $1,098,000 after purchasing an additional 1,600 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Qualys by 80.8% during the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after purchasing an additional 193 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 882 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the transaction, the insider now directly owns 62,295 shares of the company’s stock, valued at approximately $8,700,119.70. This trade represents a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the transaction, the chief executive officer now directly owns 225,453 shares in the company, valued at $33,741,295.98. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,259 shares of company stock valued at $4,578,153 in the last three months. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group increased their target price on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Canaccord Genuity Group increased their target price on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC initiated coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating for the company. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Finally, Morgan Stanley increased their price objective 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. 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. Based on data from MarketBeat.com, Qualys has a consensus rating of “Hold” and an average price target of $152.80.

Qualys Stock Performance

Shares of NASDAQ:QLYS opened at $145.97 on Thursday. Qualys, Inc. has a 52-week low of $119.17 and a 52-week high of $182.45. The company has a market capitalization of $5.34 billion, a P/E ratio of 32.15 and a beta of 0.56. The company has a 50-day simple moving average of $143.69 and a 200 day simple moving average of $135.66.

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