Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Caprock Group LLC

Caprock Group LLC reduced its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,878 shares of the software maker’s stock after selling 178 shares during the period. Caprock Group LLC’s holdings in Qualys were worth $370,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after purchasing an additional 168 shares in the last quarter. UMB Bank n.a. boosted 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 worth $34,000 after purchasing an additional 143 shares during the last quarter. Quarry LP purchased a new stake in shares of Qualys during the second quarter worth $40,000. DT Investment Partners LLC acquired a new stake in shares of Qualys in the second quarter valued at about $41,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of 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 buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Stock Performance

NASDAQ:QLYS opened at $153.37 on Friday. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The company has a 50 day moving average price of $131.26 and a 200 day moving average price of $135.03. The stock has a market capitalization of $5.61 billion, a P/E ratio of 33.78 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. Research analysts forecast that Qualys, Inc. will post 4.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey P. Hank sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $146.31, for a total transaction of $585,240.00. Following the sale, the director now owns 12,666 shares of the company’s stock, valued at approximately $1,853,162.46. This represents a 24.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction on Friday, September 20th. The shares were 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 owns 55,618 shares in the company, valued at approximately $6,885,508.40. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,919 shares of company stock worth $2,993,000 over the last three months. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on QLYS. Wolfe Research raised shares of Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. DA Davidson lifted their price objective on Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Needham & Company LLC started coverage on Qualys in a report on Wednesday, November 6th. They issued a “hold” rating for the company. Finally, Canaccord Genuity Group lifted their price target on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $152.80.

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.