Financial Enhancement Group LLC Purchases 91 Shares of Qualys, Inc. (NASDAQ:QLYS)

Financial Enhancement Group LLC raised its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,100 shares of the software maker’s stock after purchasing an additional 91 shares during the period. Financial Enhancement Group LLC’s holdings in Qualys were worth $784,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QLYS. First Horizon Advisors Inc. raised its holdings in Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after acquiring an additional 168 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the period. Quarry LP bought a new position in Qualys in the second quarter worth approximately $40,000. DT Investment Partners LLC purchased a new position in Qualys during the second quarter valued at $41,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Price Performance

NASDAQ:QLYS opened at $159.23 on Thursday. The company has a 50-day moving average of $124.93 and a 200 day moving average of $136.32. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $206.35. The firm has a market cap of $5.86 billion, a PE ratio of 35.07 and a beta of 0.47.

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. Sell-side analysts anticipate that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the sale, the insider now owns 55,279 shares in the company, valued at approximately $6,830,273.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Qualys news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the sale, the insider now directly owns 55,279 shares in the company, valued at approximately $6,830,273.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,919 shares of company stock valued at $1,360,140. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QLYS. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Scotiabank reduced their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Canaccord Genuity Group increased their price target on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial upped their price target on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their target price on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $152.80.

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.