Bridge City Capital LLC Boosts Stake in Qualys, Inc. (NASDAQ:QLYS)

Bridge City Capital LLC boosted its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 6.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,396 shares of the software maker’s stock after purchasing an additional 1,257 shares during the quarter. Bridge City Capital LLC’s holdings in Qualys were worth $3,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in Qualys in the 4th quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Qualys in the fourth quarter valued at $39,000. Fifth Third Bancorp raised its stake in shares of Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after buying an additional 99 shares during the last quarter. Quarry LP grew its stake in Qualys by 56.2% in the 3rd quarter. Quarry LP now owns 439 shares of the software maker’s stock valued at $56,000 after acquiring an additional 158 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Qualys during the 4th quarter valued at about $91,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

QLYS has been the topic of several recent research reports. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a report on Monday, February 10th. Scotiabank cut their price target on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group decreased their price objective on Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Loop Capital dropped their price objective on Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Qualys presently has an average rating of “Hold” and a consensus target price of $146.14.

Qualys Stock Down 0.7 %

NASDAQ:QLYS opened at $127.92 on Friday. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $174.20. The firm’s 50 day moving average is $135.99 and its two-hundred day moving average is $136.15. The company has a market cap of $4.67 billion, a P/E ratio of 27.51 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last issued its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. Research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 1,635 shares of Qualys stock in a transaction on Monday, January 6th. The shares were sold at an average price of $138.64, for a total transaction of $226,676.40. Following the transaction, the chief financial officer now owns 112,017 shares in the company, valued at approximately $15,530,036.88. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares of the company’s stock, valued at approximately $30,321,173.97. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,595 shares of company stock worth $3,691,922. 1.00% of the stock is currently owned by company insiders.

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.