Qualys, Inc. (NASDAQ:QLYS) is Summit Creek Advisors LLC’s 5th Largest Position

Summit Creek Advisors LLC lifted its position in Qualys, Inc. (NASDAQ:QLYSGet Rating) by 0.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 184,876 shares of the software maker’s stock after acquiring an additional 702 shares during the quarter. Qualys makes up about 3.0% of Summit Creek Advisors LLC’s holdings, making the stock its 5th biggest holding. Summit Creek Advisors LLC owned 0.48% of Qualys worth $26,328,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Evoke Wealth LLC purchased a new stake in Qualys in the 4th quarter worth approximately $41,000. Standard Family Office LLC acquired a new position in shares of Qualys during the 4th quarter worth $79,000. CVA Family Office LLC acquired a new position in shares of Qualys during the 1st quarter worth $100,000. FourThought Financial LLC increased its stake in shares of Qualys by 59.4% during the 1st quarter. FourThought Financial LLC now owns 880 shares of the software maker’s stock worth $125,000 after purchasing an additional 328 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Qualys by 11.3% during the 1st quarter. Signaturefd LLC now owns 1,200 shares of the software maker’s stock worth $171,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 2,744 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $123.05, for a total transaction of $337,649.20. Following the completion of the transaction, the insider now directly owns 64,427 shares of the company’s stock, valued at approximately $7,927,742.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Bruce K. Posey sold 2,744 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $123.05, for a total transaction of $337,649.20. Following the completion of the transaction, the insider now directly owns 64,427 shares of the company’s stock, valued at approximately $7,927,742.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce K. Posey sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $123.84, for a total transaction of $309,600.00. Following the transaction, the insider now directly owns 62,927 shares of the company’s stock, valued at $7,792,879.68. The disclosure for this sale can be found here. Insiders sold a total of 66,745 shares of company stock valued at $8,446,450 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

QLYS has been the topic of several analyst reports. StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd. Truist Financial increased their price target on shares of Qualys from $115.00 to $125.00 and gave the stock a “hold” rating in a research note on Tuesday, July 26th. Wolfe Research assumed coverage on shares of Qualys in a research note on Monday, April 11th. They set an “outperform” rating and a $162.00 price target on the stock. DA Davidson assumed coverage on shares of Qualys in a research note on Friday, July 15th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Wedbush raised their target price on shares of Qualys from $146.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $134.38.

Qualys Price Performance

Shares of Qualys stock opened at $127.76 on Friday. Qualys, Inc. has a fifty-two week low of $101.68 and a fifty-two week high of $150.10. The firm has a fifty day moving average price of $127.51 and a two-hundred day moving average price of $129.11. The company has a market cap of $4.96 billion, a PE ratio of 52.79 and a beta of 0.69.

Qualys (NASDAQ:QLYSGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The software maker reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.11. Qualys had a net margin of 22.47% and a return on equity of 22.91%. The firm had revenue of $113.40 million during the quarter, compared to the consensus estimate of $112.98 million. During the same period in the prior year, the firm earned ($0.01) EPS. The business’s revenue was up 17.1% on a year-over-year basis. Analysts expect that Qualys, Inc. will post 2 earnings per share for the current fiscal year.

Qualys Company Profile

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Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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