Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Park Place Capital Corp

Park Place Capital Corp trimmed its holdings in Qualys, Inc. (NASDAQ:QLYS) by 18.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 570 shares of the software maker’s stock after selling 125 shares during the quarter. Park Place Capital Corp’s holdings in Qualys were worth $81,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in Qualys during the 4th quarter worth approximately $18,844,000. Dorsey Wright & Associates acquired a new stake in shares of Qualys during the fourth quarter valued at about $4,455,000. Intrust Bank NA raised its position in Qualys by 1.4% in the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock valued at $978,000 after purchasing an additional 69 shares during the period. NewSquare Capital LLC acquired a new position in Qualys during the 4th quarter worth about $3,731,000. Finally, Roberts Wealth Advisors LLC purchased a new position in Qualys during the 1st quarter valued at about $863,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Price Performance

Shares of NASDAQ:QLYS traded down $0.66 during trading on Friday, reaching $137.76. The company had a trading volume of 446,418 shares, compared to its average volume of 379,207. Qualys, Inc. has a fifty-two week low of $131.07 and a fifty-two week high of $206.35. The stock’s fifty day moving average price is $140.92 and its 200 day moving average price is $158.66. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 31.89 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. Qualys had a net margin of 28.48% and a return on equity of 47.28%. The firm had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. On average, equities analysts anticipate that Qualys, Inc. will post 3.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Qualys news, CFO Joo Mi Kim sold 928 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $167.97, for a total value of $155,876.16. Following the completion of the transaction, the chief financial officer now directly owns 93,196 shares of the company’s stock, valued at $15,654,132.12. The sale was disclosed in a filing with the SEC, which is available at this link. In other Qualys news, CFO Joo Mi Kim sold 928 shares of the company’s stock in a transaction on Monday, May 6th. The stock was 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 $15,654,132.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction on Monday, May 20th. The stock was sold at an average price of $145.24, for a total value of $193,169.20. Following the transaction, the insider now directly owns 59,616 shares of the company’s stock, valued at approximately $8,658,627.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,027 shares of company stock worth $4,216,326. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on QLYS shares. Needham & Company LLC restated a “hold” rating on shares of Qualys in a report on Monday, May 13th. Robert W. Baird reduced their target price on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Scotiabank began coverage on shares of Qualys in a research report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price objective on the stock. Truist Financial cut their price target on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Finally, StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $164.50.

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.