Princeton Capital Management LLC Sells 840 Shares of Qualys, Inc. (NASDAQ:QLYS)

Princeton Capital Management LLC cut its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,062 shares of the software maker’s stock after selling 840 shares during the quarter. Princeton Capital Management LLC’s holdings in Qualys were worth $797,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of QLYS. Commonwealth Equity Services LLC grew its holdings in Qualys by 13.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,705 shares of the software maker’s stock worth $565,000 after acquiring an additional 452 shares during the period. Park Avenue Securities LLC bought a new position in shares of Qualys during the 3rd quarter worth approximately $366,000. State of Michigan Retirement System boosted its holdings in shares of Qualys by 6.0% during the 3rd quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker’s stock worth $1,339,000 after buying an additional 500 shares in the last quarter. Securian Asset Management Inc. grew its position in shares of Qualys by 3.9% during the 3rd quarter. Securian Asset Management Inc. now owns 3,109 shares of the software maker’s stock worth $474,000 after buying an additional 118 shares during the period. Finally, Yousif Capital Management LLC increased its stake in shares of Qualys by 2.9% in the 3rd quarter. Yousif Capital Management LLC now owns 16,959 shares of the software maker’s stock valued at $2,587,000 after acquiring an additional 480 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 1,430 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total value of $235,821.30. Following the completion of the transaction, the insider now owns 63,057 shares in the company, valued at approximately $10,398,729.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Joo Mi Kim sold 928 shares of Qualys stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $167.97, for a total value of $155,876.16. Following the sale, the chief financial officer now owns 93,196 shares of the company’s stock, valued at approximately $15,654,132.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,430 shares of the company’s 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 transaction, the insider now owns 63,057 shares in the company, valued at approximately $10,398,729.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,590 shares of company stock worth $2,419,842. 1.00% of the stock is owned by company insiders.

Qualys Price Performance

Shares of NASDAQ QLYS traded down $2.50 during midday trading on Friday, reaching $147.12. The company’s stock had a trading volume of 359,851 shares, compared to its average volume of 467,762. The stock has a market capitalization of $5.43 billion, a P/E ratio of 34.06 and a beta of 0.51. The firm has a 50 day moving average price of $163.96 and a 200-day moving average price of $175.53. Qualys, Inc. has a 12-month low of $116.95 and a 12-month high of $206.35.

Analyst Ratings Changes

A number of research firms have commented on QLYS. JPMorgan Chase & Co. raised their price target on shares of Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a report on Thursday, February 8th. TD Cowen initiated coverage on Qualys in a report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price target on the stock. Robert W. Baird decreased their price objective on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Monday. Finally, Wedbush reduced their price target on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $162.23.

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.