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

FourThought Financial Partners LLC trimmed its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,438 shares of the software maker’s stock after selling 400 shares during the period. FourThought Financial Partners LLC’s holdings in Qualys were worth $1,067,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. California Public Employees Retirement System increased its stake in Qualys by 172.3% during the 4th quarter. California Public Employees Retirement System now owns 193,056 shares of the software maker’s stock valued at $37,893,000 after buying an additional 122,168 shares during the period. International Assets Investment Management LLC increased its stake in shares of Qualys by 201,932.8% during the fourth quarter. International Assets Investment Management LLC now owns 117,179 shares of the software maker’s stock valued at $23,000,000 after acquiring an additional 117,121 shares during the period. Invesco Ltd. raised its holdings in Qualys by 46.9% during the third quarter. Invesco Ltd. now owns 250,661 shares of the software maker’s stock worth $38,238,000 after purchasing an additional 80,079 shares in the last quarter. Cullinan Associates Inc. bought a new stake in Qualys during the fourth quarter worth approximately $11,400,000. Finally, Congress Asset Management Co. MA lifted its position in Qualys by 5.0% in the third quarter. Congress Asset Management Co. MA now owns 1,137,107 shares of the software maker’s stock worth $173,466,000 after purchasing an additional 54,219 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 1,430 shares of Qualys stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total value of $235,821.30. Following the completion of the sale, the insider now directly owns 63,057 shares in the company, valued at $10,398,729.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Qualys news, insider Bruce K. Posey sold 1,430 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total transaction of $235,821.30. Following the transaction, the insider now directly owns 63,057 shares in the company, valued at $10,398,729.87. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joo Mi Kim sold 1,130 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $169.49, for a total value of $191,523.70. Following the sale, the chief financial officer now owns 96,734 shares of the company’s stock, valued at approximately $16,395,445.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,792 shares of company stock worth $2,455,489. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

QLYS has been the topic of a number of research reports. Wedbush dropped their price objective on Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. raised their price objective on shares of Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a research report on Thursday, February 8th. StockNews.com downgraded shares of Qualys from a “buy” rating to a “hold” rating in a report on Sunday, April 21st. Scotiabank started coverage on shares of Qualys in a report on Friday, April 26th. They set a “sector perform” rating and a $172.00 target price for the company. Finally, Royal Bank of Canada dropped their price target on Qualys from $212.00 to $180.00 and set a “sector perform” rating on the stock in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $154.57.

Qualys Stock Down 0.4 %

Shares of NASDAQ:QLYS traded down $0.63 during trading on Friday, reaching $165.37. 357,412 shares of the company traded hands, compared to its average volume of 370,375. The firm has a fifty day simple moving average of $166.86 and a 200 day simple moving average of $175.83. Qualys, Inc. has a 1-year low of $107.00 and a 1-year high of $206.35. The firm has a market cap of $6.11 billion, a P/E ratio of 40.93 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.26. Qualys had a return on equity of 49.06% and a net margin of 27.34%. The firm had revenue of $144.57 million during the quarter, compared to analysts’ expectations of $144.69 million. As a group, research analysts anticipate that Qualys, Inc. will post 3.35 EPS for the current year.

About Qualys

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.