Y Intercept Hong Kong Ltd Has $354,000 Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Y Intercept Hong Kong Ltd decreased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 16.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,756 shares of the software maker’s stock after selling 552 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Qualys were worth $354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Qualys in the second quarter valued at approximately $261,000. Assenagon Asset Management S.A. increased its position in shares of Qualys by 13.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 23,217 shares of the software maker’s stock valued at $3,311,000 after purchasing an additional 2,666 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Qualys by 243.4% during the 2nd quarter. Blue Trust Inc. now owns 807 shares of the software maker’s stock worth $115,000 after purchasing an additional 572 shares during the period. Raymond James & Associates grew its position in Qualys by 59.2% during the second quarter. Raymond James & Associates now owns 29,406 shares of the software maker’s stock valued at $4,193,000 after buying an additional 10,937 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after buying an additional 168 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Price Performance

Shares of QLYS stock opened at $145.90 on Wednesday. The company has a market cap of $5.34 billion, a P/E ratio of 32.10 and a beta of 0.54. The stock’s 50-day moving average is $140.46 and its 200 day moving average is $135.57. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $206.35.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The company had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. During the same quarter in the prior year, the company posted $1.24 earnings per share. Qualys’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current year.

Analysts Set New Price Targets

QLYS has been the subject of a number of research reports. Canaccord Genuity Group increased their target price on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. TD Cowen upped their price objective on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Wolfe Research raised Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Westpark Capital reiterated a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Finally, Truist Financial lifted their target price on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $152.80.

Insiders Place Their Bets

In related news, CFO Joo Mi Kim sold 1,332 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $157.37, for a total transaction of $209,616.84. Following the completion of the sale, the chief financial officer now directly owns 113,652 shares in the company, valued at approximately $17,885,415.24. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the transaction, the insider now directly owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,190 shares of company stock worth $4,449,290. 1.00% of the stock is 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.