Qualys, Inc. (NASDAQ:QLYS) Holdings Raised by Taylor Hoffman Capital Management LLC

Taylor Hoffman Capital Management LLC boosted its stake in Qualys, Inc. (NASDAQ:QLYS) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,622 shares of the software maker’s stock after buying an additional 1,346 shares during the quarter. Qualys makes up about 1.4% of Taylor Hoffman Capital Management LLC’s holdings, making the stock its 28th biggest position. Taylor Hoffman Capital Management LLC owned approximately 0.08% of Qualys worth $3,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State of Michigan Retirement System lifted its position in Qualys by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker’s stock worth $1,105,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Qualys by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the software maker’s stock worth $1,297,000 after buying an additional 100 shares in the last quarter. Securian Asset Management Inc. lifted its position in Qualys by 3.7% in the 1st quarter. Securian Asset Management Inc. now owns 2,809 shares of the software maker’s stock worth $354,000 after buying an additional 100 shares in the last quarter. Fifth Third Bancorp lifted its position in Qualys by 27.9% in the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker’s stock worth $63,000 after buying an additional 109 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Qualys by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 4,287 shares of the software maker’s stock worth $539,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Trading Down 0.4%

NASDAQ:QLYS opened at $127.89 on Tuesday. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The firm’s fifty day simple moving average is $139.15 and its 200 day simple moving average is $134.16. The firm has a market capitalization of $4.62 billion, a PE ratio of 25.53 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.21. The business had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. Qualys had a net margin of 29.04% and a return on equity of 37.19%. Qualys’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. As a group, analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Analyst Ratings Changes

QLYS has been the subject of a number of research analyst reports. Scotiabank increased their target price on shares of Qualys from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 6th. Wedbush raised their price target on shares of Qualys from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Canaccord Genuity Group cut their price target on shares of Qualys from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. UBS Group raised their price target on shares of Qualys from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Jefferies Financial Group raised their price target on shares of Qualys from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.00.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 541 shares of the firm’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $140.11, for a total value of $75,799.51. Following the sale, the insider directly owned 60,643 shares in the company, valued at $8,496,690.73. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey P. Hank sold 657 shares of the firm’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $139.07, for a total transaction of $91,368.99. Following the completion of the sale, the director owned 13,888 shares in the company, valued at $1,931,404.16. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,598 shares of company stock worth $6,019,818. 1.00% of the stock is currently owned by corporate 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.