Qualys, Inc. (NASDAQ:QLYS) Stake Cut by Entropy Technologies LP

Entropy Technologies LP lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 73.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,934 shares of the software maker’s stock after selling 5,398 shares during the period. Entropy Technologies LP’s holdings in Qualys were worth $248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its stake in shares of 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 purchasing an additional 168 shares during the last quarter. UMB Bank n.a. raised its stake in Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the last quarter. Quarry LP bought a new stake in shares of Qualys in the second quarter valued at about $40,000. DT Investment Partners LLC bought a new stake in shares of Qualys in the 2nd quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC lifted its position in Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on QLYS shares. Morgan Stanley lifted their price objective on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Piper Sandler reduced their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. DA Davidson raised their price target on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Scotiabank reduced their price objective 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. Finally, Canaccord Genuity Group upped their price target on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $152.80.

Insider Buying and Selling

In other news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the sale, the chief financial officer now owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at $22,493,851.29. The trade was a 3.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,919 shares of company stock worth $1,360,140. Corporate insiders own 1.00% of the company’s stock.

Qualys Price Performance

QLYS opened at $145.52 on Friday. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The company’s 50-day moving average is $128.88 and its 200 day moving average is $135.49. The firm has a market capitalization of $5.32 billion, a PE ratio of 32.05 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same quarter in the prior year, the company earned $1.24 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, analysts expect that Qualys, Inc. will post 4.34 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.