Qualys, Inc. (NASDAQ:QLYS) Short-term interest rates down 26.3% in March

Qualys, Inc. (NASDAQ: QLYS – Get Rating) benefited from a significant decline in short interest in March. As of March 31, there was short interest totaling 1,850,000 shares, down 26.3% from the March 15 total of 2,510,000 shares. Based on an average daily trading volume of 357,700 shares, the day-to-cover ratio is currently 5.2 days. Currently, 5.3% of the company’s shares are sold short.

QLYS has been the subject of several recent research reports. StockNews.com launched coverage on Qualys in a report on Thursday, March 31. They issued a “buy” rating for the company. Wolfe Research began covering Qualys in a report on Monday, April 11. They issued an “outperform” rating and a price target of $162.00 for the company. Wedbush raised its price target on Qualys shares from $146.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Zacks Investment Research upgraded Qualys shares from a “sell” rating to a “hold” rating in a report released Thursday. One financial analyst gave the stock a sell rating, six gave the company a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $130.33.

In other news, insider Bruce K. Posey sold 9,500 shares in a trade on Thursday, January 20. The stock was sold at an average price of $126.68, for a total transaction of $1,203,460.00. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, CEO Sumedh S. Thakar sold 1,500 shares of the company in a trade on Thursday, April 14. The shares were sold at an average price of $150.00, for a total value of $225,000.00. As a result of the transaction, the CEO now owns 180,978 shares of the company, valued at approximately $27,146,700. The disclosure of this sale can be found here. During the last quarter, insiders sold 40,100 shares of the company worth $5,184,097. Insiders of the company hold 15.60% of the shares of the company.

Several hedge funds have recently changed their holdings in the company. YorkBridge Wealth Partners LLC increased its stake in Qualys shares by 22.8% during the first quarter. YorkBridge Wealth Partners LLC now owns 6,197 shares of the software maker worth $883,000 after acquiring 1,152 additional shares in the last quarter. Wedge Capital Management LLP NC acquired a new stake in Qualys in the first quarter worth approximately $320,000. Insight Wealth Strategies LLC increased its position in Qualys by 3.5% in the first quarter. Insight Wealth Strategies LLC now owns 16,240 shares of the software maker valued at $2,313,000 after buying 548 additional shares in the last quarter. Nordea Investment Management AB increased its position in Qualys by 4.1% in the first quarter. Nordea Investment Management AB now owns 64,227 shares of the software maker valued at $9,285,000 after buying 2,511 additional shares in the last quarter. Finally, Norges Bank acquired a new position in Qualys in the fourth quarter worth approximately $30,263,000. Institutional investors and hedge funds own 97.46% of the company’s shares.

QLYS shares were down $2.62 during Friday trading hours, hitting $147.03. 382,491 shares of the company were traded, against an average volume of 379,832. Qualys has a 1-year low of $92.00 and a 1-year high of $150.10. The stock has a market capitalization of $5.74 billion, a PE ratio of 82.14 and a beta of 0.76. The stock’s fifty-day moving average price is $131.41 and its two-hundred-day moving average price is $128.78.

Qualys (NASDAQ:QLYS – Get Rating) last released its quarterly results on Thursday, February 10. The software maker reported earnings per share of $0.55 for the quarter, beating the Zacks consensus estimate of $0.48 by $0.07. Qualys has a return on equity of 16.99% and a net margin of 17.26%. The company posted revenue of $109.80 million for the quarter, versus analyst estimates of $108.47 million. In the same quarter a year earlier, the company earned earnings per share of $0.61. The company’s revenue increased 15.7% year over year. On average, equity analysts expect Qualys to post earnings per share of 1.66 for the current fiscal year.

Qualys Company Profile (Get an evaluation)

Qualys, Inc provides cloud-based information technology (IT), security and compliance solutions in the United States and around the world. The company offers Qualys Cloud Apps, which includes vulnerability management; Management, detection and response to vulnerabilities; threat protection; Continuous monitoring; Patch management; Multi-vector endpoint detection and response; certificate assessment; SaaS detection and response; Secure enterprise mobility; Compliance Policy; security configuration assessment; PCI compliance; File integrity monitoring; Security Assessment Questionnaire; out-of-band configuration assessment; Web application scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity asset management; Inventory of certificates; Cloud inventory; Cloud security assessment; and container security.

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