SkyOak Wealth LLC Acquires 2,288 Shares of Qualys, Inc. (NASDAQ:QLYS)

SkyOak Wealth LLC boosted its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 83.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,041 shares of the software maker’s stock after acquiring an additional 2,288 shares during the period. SkyOak Wealth LLC’s holdings in Qualys were worth $719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of QLYS. Blair William & Co. IL boosted its holdings in shares of Qualys by 2.1% during the 2nd quarter. Blair William & Co. IL now owns 31,800 shares of the software maker’s stock valued at $4,535,000 after purchasing an additional 642 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Qualys by 13.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,590 shares of the software maker’s stock valued at $655,000 after buying an additional 545 shares in the last quarter. Renaissance Technologies LLC increased its stake in Qualys by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after acquiring an additional 63,000 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Qualys by 259.8% during the 2nd quarter. Quantbot Technologies LP now owns 36,103 shares of the software maker’s stock worth $5,148,000 after acquiring an additional 26,069 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of Qualys by 29.8% during the 2nd quarter. WINTON GROUP Ltd now owns 6,647 shares of the software maker’s stock valued at $948,000 after acquiring an additional 1,528 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on QLYS shares. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. Westpark Capital reissued a “hold” rating on shares of Qualys in a research note on Monday, August 5th. UBS Group dropped their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Piper Sandler decreased their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Finally, TD Cowen dropped their price objective on Qualys from $170.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Qualys has an average rating of “Hold” and an average price target of $147.83.

Qualys Stock Down 1.7 %

Shares of NASDAQ:QLYS opened at $124.32 on Wednesday. Qualys, Inc. has a 52 week low of $119.32 and a 52 week high of $206.35. The firm has a 50 day moving average of $131.73 and a 200 day moving average of $146.51. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 28.78 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. The business had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. On average, sell-side analysts expect that Qualys, Inc. will post 3.94 EPS for the current year.

Insider Activity

In related news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $133.93, for a total transaction of $82,500.88. Following the transaction, the chief financial officer now directly owns 87,077 shares of the company’s stock, valued at approximately $11,662,222.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total value of $179,736.20. Following the sale, the insider now owns 59,286 shares in the company, valued at $8,011,910.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $133.93, for a total transaction of $82,500.88. Following the transaction, the chief financial officer now directly owns 87,077 shares of the company’s stock, valued at $11,662,222.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,535 shares of company stock worth $1,624,105. Insiders own 1.00% of the company’s stock.

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.