Tributary Capital Management LLC Raises Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Tributary Capital Management LLC lifted its holdings in Qualys, Inc. (NASDAQ:QLYS) by 24.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,384 shares of the software maker’s stock after buying an additional 867 shares during the quarter. Tributary Capital Management LLC’s holdings in Qualys were worth $563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QLYS. Millennium Management LLC grew its position in shares of Qualys by 100.7% in the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after buying an additional 184,403 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Qualys by 50.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock worth $83,743,000 after buying an additional 169,293 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of Qualys by 169.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock worth $40,970,000 after buying an additional 154,492 shares during the period. Acadian Asset Management LLC boosted its stake in Qualys by 95.7% in the 2nd quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock worth $40,771,000 after purchasing an additional 139,897 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its stake in Qualys by 14.5% in the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after purchasing an additional 117,079 shares in the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the transaction, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the transaction, the insider now owns 55,618 shares in the company, valued at approximately $6,885,508.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the sale, the insider now directly owns 55,279 shares in the company, valued at $6,830,273.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,535 shares of company stock worth $1,442,641 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Qualys Price Performance

Shares of QLYS opened at $121.12 on Monday. Qualys, Inc. has a 1 year low of $119.32 and a 1 year high of $206.35. The company has a 50 day simple moving average of $124.42 and a two-hundred day simple moving average of $138.20. The firm has a market cap of $4.47 billion, a P/E ratio of 28.04 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. During the same period in the prior year, the company earned $0.95 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Qualys, Inc. will post 3.94 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on QLYS. Scotiabank dropped their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Piper Sandler dropped their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Truist Financial lowered their target price on shares of Qualys from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lowered their target price on shares of Qualys from $136.00 to $123.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $144.23.

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.