Granahan Investment Management LLC Sells 28,501 Shares of Qualys, Inc. (NASDAQ:QLYS)

Granahan Investment Management LLC lessened its position in Qualys, Inc. (NASDAQ:QLYS) by 37.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,549 shares of the software maker’s stock after selling 28,501 shares during the quarter. Granahan Investment Management LLC owned approximately 0.13% of Qualys worth $6,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in Qualys by 0.5% in the fourth quarter. Amalgamated Bank now owns 16,640 shares of the software maker’s stock worth $2,333,000 after acquiring an additional 77 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Qualys by 1.4% during the 4th quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker’s stock valued at $806,000 after purchasing an additional 80 shares during the period. Fifth Third Bancorp boosted its stake in shares of Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after acquiring an additional 99 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Qualys by 12.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker’s stock worth $153,000 after buying an additional 123 shares during the period. Finally, Huntington National Bank grew its stake in shares of Qualys by 15.6% during the 4th quarter. Huntington National Bank now owns 932 shares of the software maker’s stock valued at $131,000 after acquiring an additional 126 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Qualys news, CFO Joo Mi Kim sold 1,018 shares of Qualys stock in a transaction on Monday, May 5th. The stock was sold at an average price of $126.75, for a total transaction of $129,031.50. Following the completion of the sale, the chief financial officer now directly owns 100,920 shares of the company’s stock, valued at $12,791,610. The trade was a 1.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruce K. Posey sold 540 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $117.86, for a total value of $63,644.40. Following the transaction, the insider now directly owns 64,513 shares in the company, valued at $7,603,502.18. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,156 shares of company stock valued at $4,164,721 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on QLYS shares. Loop Capital reduced their price objective on shares of Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, February 7th. Wedbush dropped their price objective on Qualys from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday. Northland Securities reissued a “market perform” rating and set a $146.00 target price (down previously from $150.00) on shares of Qualys in a research note on Monday, February 10th. Morgan Stanley lowered their price target on Qualys from $120.00 to $90.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Finally, Jefferies Financial Group cut their price objective on shares of Qualys from $145.00 to $130.00 and set a “hold” rating for the company in a report on Monday, March 31st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $137.50.

Qualys Price Performance

NASDAQ:QLYS opened at $132.31 on Friday. The business has a 50 day simple moving average of $125.57 and a 200-day simple moving average of $135.96. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 28.45 and a beta of 0.61.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.21. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The business had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. During the same quarter in the previous year, the business earned $1.45 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current fiscal 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.