19,010 Shares in Qualys, Inc. (NASDAQ:QLYS) Bought by NewSquare Capital LLC

NewSquare Capital LLC purchased a new stake in Qualys, Inc. (NASDAQ:QLYS) during the 4th quarter, Holdings Channel reports. The firm purchased 19,010 shares of the software maker’s stock, valued at approximately $3,731,000.

A number of other large investors also recently modified their holdings of the business. Invesco Ltd. raised its stake in Qualys by 46.9% in the third quarter. Invesco Ltd. now owns 250,661 shares of the software maker’s stock valued at $38,238,000 after buying an additional 80,079 shares during the period. Burney Co. raised its holdings in Qualys by 15.9% in the 3rd quarter. Burney Co. now owns 83,984 shares of the software maker’s stock valued at $12,812,000 after acquiring an additional 11,496 shares in the last quarter. Schroder Investment Management Group raised its stake in Qualys by 24.1% in the third quarter. Schroder Investment Management Group now owns 89,802 shares of the software maker’s stock valued at $13,699,000 after purchasing an additional 17,456 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Qualys by 59.4% in the third quarter. Envestnet Asset Management Inc. now owns 109,447 shares of the software maker’s stock valued at $16,696,000 after acquiring an additional 40,779 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Qualys in the 3rd quarter valued at approximately $1,329,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on QLYS shares. JPMorgan Chase & Co. upped their price target on shares of Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a report on Thursday, February 8th. TD Cowen assumed coverage on Qualys in a research note on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price objective for the company. StockNews.com downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research report on Sunday. Stephens reaffirmed an “equal weight” rating and set a $190.00 price target on shares of Qualys in a research note on Thursday, February 8th. Finally, Royal Bank of Canada reduced their price objective on shares of Qualys from $212.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $153.23.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 4,120 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $167.62, for a total transaction of $690,594.40. Following the completion of the transaction, the chief executive officer now owns 194,481 shares of the company’s stock, valued at $32,598,905.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,430 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 63,057 shares in the company, valued at approximately $10,398,729.87. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 4,120 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the transaction, the chief executive officer now owns 194,481 shares in the company, valued at approximately $32,598,905.22. The disclosure for this sale can be found here. Insiders have sold a total of 13,349 shares of company stock valued at $2,214,032 over the last quarter. Company insiders own 1.20% of the company’s stock.

Qualys Price Performance

Shares of NASDAQ:QLYS traded up $1.03 during mid-day trading on Wednesday, hitting $172.57. The company had a trading volume of 143,401 shares, compared to its average volume of 459,082. The firm has a fifty day moving average price of $166.41 and a 200 day moving average price of $175.60. Qualys, Inc. has a one year low of $107.00 and a one year high of $206.35. The company has a market capitalization of $6.38 billion, a PE ratio of 42.59 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.26. Qualys had a return on equity of 49.06% and a net margin of 27.34%. The company had revenue of $144.57 million for the quarter, compared to analyst estimates of $144.69 million. Research analysts expect that Qualys, Inc. will post 3.35 earnings per share 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.