Marshall Financial Group LLC Makes New Investment in Qualys, Inc. (NASDAQ:QLYS)

Marshall Financial Group LLC purchased a new position in shares of Qualys, Inc. (NASDAQ:QLYS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,093 shares of the software maker’s stock, valued at approximately $1,439,000.

A number of other institutional investors have also recently made changes to their positions in QLYS. Raymond James & Associates boosted its holdings in Qualys by 59.2% in the second quarter. Raymond James & Associates now owns 29,406 shares of the software maker’s stock worth $4,193,000 after acquiring an additional 10,937 shares in the last quarter. Boston Trust Walden Corp raised its position in Qualys by 9.8% in the second quarter. Boston Trust Walden Corp now owns 809,014 shares of the software maker’s stock worth $115,365,000 after acquiring an additional 72,261 shares during the period. Blue Trust Inc. increased its position in Qualys by 243.4% in the second quarter. Blue Trust Inc. now owns 807 shares of the software maker’s stock worth $115,000 after buying an additional 572 shares during the last quarter. Outlook Wealth Advisors LLC purchased a new stake in Qualys in the 2nd quarter worth about $283,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Qualys by 13.0% in the second quarter. Assenagon Asset Management S.A. now owns 23,217 shares of the software maker’s stock valued at $3,311,000 after purchasing an additional 2,666 shares during the period. Institutional investors own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD Cowen lowered their price target on Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Piper Sandler cut their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Wedbush decreased their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. UBS Group dropped their price target on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Robert W. Baird decreased their price target on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $149.92.

Insider Transactions at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $136.78, for a total transaction of $957,460.00. Following the sale, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at $25,523,284.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $136.78, for a total value of $957,460.00. Following the completion of the transaction, the chief executive officer now directly owns 186,601 shares in the company, valued at $25,523,284.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the sale, the chief financial officer now directly owns 87,077 shares in the company, valued at approximately $11,662,222.61. The disclosure for this sale can be found here. Insiders sold a total of 29,715 shares of company stock worth $4,142,951 in the last ninety days. Insiders own 1.00% of the company’s stock.

Qualys Trading Down 2.1 %

QLYS traded down $2.66 during trading hours on Friday, hitting $122.28. 520,747 shares of the company’s stock were exchanged, compared to its average volume of 478,434. The firm has a 50 day moving average of $138.50 and a 200 day moving average of $153.90. Qualys, Inc. has a 12-month low of $121.64 and a 12-month high of $206.35. The firm has a market cap of $4.50 billion, a P/E ratio of 28.31 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. During the same quarter in the prior year, the business earned $0.95 EPS. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, research analysts expect that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

About Qualys

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.