Huntington National Bank Cuts Stake in Qualys, Inc. (NASDAQ:QLYS)

Huntington National Bank cut its stake in Qualys, Inc. (NASDAQ:QLYS) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 806 shares of the software maker’s stock after selling 120 shares during the period. Huntington National Bank’s holdings in Qualys were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of QLYS. Vanguard Group Inc. boosted its holdings in shares of Qualys by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after purchasing an additional 83,504 shares during the last quarter. Boston Trust Walden Corp raised its position in shares of 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 buying an additional 117,079 shares during the period. Renaissance Technologies LLC raised its position in shares of Qualys by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after buying an additional 63,000 shares during the period. Bank of New York Mellon Corp boosted its holdings in Qualys by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock valued at $62,663,000 after acquiring an additional 3,357 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its position in Qualys by 1.3% during the second quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock valued at $53,095,000 after acquiring an additional 4,932 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Piper Sandler cut their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Truist Financial raised their price target on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. UBS Group boosted their price objective on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their target price on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group lifted their target price on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Qualys currently has a consensus rating of “Hold” and an average target price of $152.80.

Qualys Price Performance

Shares of Qualys stock opened at $145.52 on Monday. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $206.35. The company has a market capitalization of $5.32 billion, a PE ratio of 32.05 and a beta of 0.47. The business has a 50-day moving average of $128.88 and a 200-day moving average of $135.49.

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

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the sale, the insider now directly owns 55,618 shares of the company’s stock, valued at $6,885,508.40. The trade was a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. This represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,919 shares of company stock worth $1,360,140 in the last ninety days. 1.00% of the stock is owned by insiders.

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.