Norris Perne & French LLP MI Boosts Stake in Qualys, Inc. $QLYS

Norris Perne & French LLP MI raised its position in Qualys, Inc. (NASDAQ:QLYS) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,013 shares of the software maker’s stock after purchasing an additional 717 shares during the quarter. Norris Perne & French LLP MI’s holdings in Qualys were worth $17,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Occidental Asset Management LLC increased its position in shares of Qualys by 4.3% during the second quarter. Occidental Asset Management LLC now owns 2,283 shares of the software maker’s stock worth $326,000 after acquiring an additional 95 shares during the period. Cim LLC increased its position in shares of Qualys by 1.2% during the first quarter. Cim LLC now owns 8,561 shares of the software maker’s stock worth $1,078,000 after acquiring an additional 98 shares during the period. State of Michigan Retirement System increased its position in shares of Qualys by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker’s stock worth $1,105,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Qualys by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the software maker’s stock worth $1,297,000 after acquiring an additional 100 shares during the period. Finally, Securian Asset Management Inc. increased its position in shares of Qualys by 3.7% during the first quarter. Securian Asset Management Inc. now owns 2,809 shares of the software maker’s stock worth $354,000 after acquiring an additional 100 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on QLYS. DA Davidson raised their target price on shares of Qualys from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Scotiabank raised 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. Zacks Research raised shares of Qualys to a “strong-buy” rating in a research report on Monday, August 11th. UBS Group increased their price objective on shares of Qualys from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $141.00.

Insider Buying and Selling

In other Qualys news, Director Kristi Marie Rogers sold 1,700 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $134.70, for a total value of $228,990.00. Following the completion of the transaction, the director owned 8,596 shares of the company’s stock, valued at approximately $1,157,881.20. This trade represents a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John A. Zangardi sold 3,103 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $134.94, for a total transaction of $418,718.82. Following the completion of the transaction, the director directly owned 4,071 shares of the company’s stock, valued at approximately $549,340.74. This represents a 43.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,565 shares of company stock valued at $7,102,374 over the last quarter. Insiders own 1.00% of the company’s stock.

Qualys Stock Up 1.0%

Shares of QLYS opened at $136.66 on Monday. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 27.28 and a beta of 0.65. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00. The company has a 50 day moving average of $133.88 and a two-hundred day moving average of $133.46.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.21. The company had revenue of $164.06 million during the quarter, compared to the consensus estimate 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 firm earned $1.52 earnings per share. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. On average, sell-side analysts expect that Qualys, Inc. will post 3.85 EPS for the current 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.