Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Quest Partners LLC

Quest Partners LLC lowered its holdings in Qualys, Inc. (NASDAQ:QLYS) by 66.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,330 shares of the software maker’s stock after selling 2,583 shares during the period. Quest Partners LLC’s holdings in Qualys were worth $171,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Boston Trust Walden Corp grew its stake 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 purchasing an additional 117,079 shares during the last quarter. Renaissance Technologies LLC grew its stake 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 purchasing an additional 63,000 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Qualys by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after purchasing an additional 3,357 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in shares of Qualys by 1.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock worth $53,095,000 after purchasing an additional 4,932 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Qualys by 100.7% in the second quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after acquiring an additional 184,403 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Stock Down 0.8 %

NASDAQ QLYS opened at $154.68 on Thursday. The stock has a market capitalization of $5.66 billion, a PE ratio of 34.35 and a beta of 0.47. The company has a 50 day moving average price of $132.50 and a two-hundred day moving average price of $134.78. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $206.35.

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

Insider Buying and Selling at Qualys

In other news, Director Jeffrey P. Hank sold 4,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $146.31, for a total value of $585,240.00. Following the completion of the sale, the director now directly owns 12,666 shares in the company, valued at approximately $1,853,162.46. The trade was a 24.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares of the company’s stock, valued at $33,741,295.98. The trade was a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,919 shares of company stock worth $2,993,000 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on QLYS shares. Westpark Capital reissued a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. UBS Group lifted their target price on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Truist Financial lifted their target price on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Finally, TD Cowen lifted their target price on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $152.80.

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.