Mount Yale Investment Advisors LLC Trims Position in Qualys, Inc. (NASDAQ:QLYS)

Mount Yale Investment Advisors LLC trimmed its position in Qualys, Inc. (NASDAQ:QLYS) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,151 shares of the software maker’s stock after selling 391 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Qualys were worth $662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after acquiring an additional 168 shares during the period. DecisionPoint Financial LLC bought a new stake in Qualys during the first quarter valued at $34,000. UMB Bank n.a. grew its position in Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after buying an additional 143 shares in the last quarter. Quarry LP bought a new position in Qualys in the 2nd quarter worth about $40,000. Finally, DT Investment Partners LLC purchased a new stake in shares of Qualys in the 2nd quarter valued at about $41,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Price Performance

Shares of Qualys stock opened at $121.12 on Friday. Qualys, Inc. has a one year low of $119.32 and a one year high of $206.35. The business’s 50 day simple moving average is $124.42 and its two-hundred day simple moving average is $138.39. The stock has a market capitalization of $4.46 billion, a P/E ratio of 26.68 and a beta of 0.46.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QLYS. Jefferies Financial Group initiated coverage on shares of Qualys in a research report on Wednesday, October 16th. They issued a “hold” rating and a $135.00 price objective on the stock. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Northland Securities restated a “market perform” rating and set a $140.00 price target (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada cut their price objective on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $144.23.

Insider Transactions at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the company’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 transaction, the insider now owns 55,279 shares in the company, valued at approximately $6,830,273.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $133.93, for a total transaction of $82,500.88. Following the sale, the chief financial officer now owns 87,077 shares of the company’s stock, valued at $11,662,222.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the sale, the insider now owns 55,279 shares in the company, valued at approximately $6,830,273.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,535 shares of company stock valued at $1,442,641. Company insiders own 1.00% of the company’s stock.

Qualys 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.