Courier Capital LLC Acquires New Position in Qualys, Inc. (NASDAQ:QLYS)

Courier Capital LLC bought a new position in shares of Qualys, Inc. (NASDAQ:QLYS) in the 4th quarter, HoldingsChannel reports. The fund bought 1,113 shares of the software maker’s stock, valued at approximately $218,000.

Several other hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in Qualys by 10.5% during the fourth quarter. Pacer Advisors Inc. now owns 5,682 shares of the software maker’s stock worth $1,115,000 after buying an additional 542 shares during the period. Portside Wealth Group LLC boosted its stake in Qualys by 33.0% during the fourth quarter. Portside Wealth Group LLC now owns 3,880 shares of the software maker’s stock worth $762,000 after buying an additional 963 shares during the period. CVA Family Office LLC purchased a new position in Qualys during the fourth quarter worth about $137,000. Raymond James & Associates boosted its stake in Qualys by 16.0% during the fourth quarter. Raymond James & Associates now owns 34,766 shares of the software maker’s stock worth $6,824,000 after buying an additional 4,792 shares during the period. Finally, Salem Investment Counselors Inc. purchased a new position in Qualys during the fourth quarter worth about $123,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on QLYS shares. JPMorgan Chase & Co. increased their target price on shares of Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a research note on Thursday, February 8th. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a research note on Monday. TD Cowen began coverage on shares of Qualys in a research note on Tuesday. They issued a “market perform” rating and a $170.00 price objective for the company. Wedbush lowered their price objective on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Finally, Royal Bank of Canada reduced their target price on shares of Qualys from $212.00 to $180.00 and set a “sector perform” rating on the stock in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Qualys currently has a consensus rating of “Hold” and a consensus price target of $153.23.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 1,000 shares of Qualys stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $197.78, for a total value of $197,780.00. Following the transaction, the insider now directly owns 63,255 shares in the company, valued at approximately $12,510,573.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Bruce K. Posey sold 1,000 shares of Qualys stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $197.78, for a total value of $197,780.00. Following the transaction, the insider now directly owns 63,255 shares in the company, valued at approximately $12,510,573.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruce K. Posey sold 1,430 shares of Qualys stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total transaction of $235,821.30. Following the completion of the transaction, the insider now owns 63,057 shares in the company, valued at $10,398,729.87. The disclosure for this sale can be found here. Insiders have sold a total of 15,537 shares of company stock worth $2,784,700 in the last three months. Insiders own 1.20% of the company’s stock.

Qualys Trading Up 0.2 %

Shares of QLYS opened at $165.20 on Thursday. The firm has a market cap of $6.11 billion, a PE ratio of 40.89 and a beta of 0.52. The company’s 50 day simple moving average is $173.93 and its 200-day simple moving average is $173.78. Qualys, Inc. has a 12-month low of $107.00 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.26. The business had revenue of $144.57 million for the quarter, compared to analyst estimates of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. As a group, equities research analysts forecast that Qualys, Inc. will post 3.35 EPS for the current fiscal year.

Qualys Company 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.