IQ EQ FUND MANAGEMENT IRELAND Ltd Trims Holdings in Qualys, Inc. (NASDAQ:QLYS)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,087 shares of the software maker’s stock after selling 3,101 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Qualys were worth $5,150,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Planning increased its position in Qualys by 60.9% during the 3rd quarter. Creative Planning now owns 6,580 shares of the software maker’s stock valued at $845,000 after buying an additional 2,491 shares in the last quarter. Willis Investment Counsel grew its stake in shares of Qualys by 3.0% in the third quarter. Willis Investment Counsel now owns 10,172 shares of the software maker’s stock worth $1,307,000 after acquiring an additional 295 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Qualys by 25.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,450 shares of the software maker’s stock worth $828,000 after purchasing an additional 1,300 shares during the last quarter. Finally, West Coast Financial LLC raised its position in shares of Qualys by 0.6% in the 3rd quarter. West Coast Financial LLC now owns 23,177 shares of the software maker’s stock worth $2,977,000 after purchasing an additional 127 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on QLYS shares. Piper Sandler cut their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Westpark Capital reiterated a “hold” rating on shares of Qualys in a report on Monday, August 5th. TD Cowen decreased their price objective on shares of Qualys from $140.00 to $130.00 and set a “hold” rating for the company in a report on Monday, October 7th. DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Qualys presently has a consensus rating of “Hold” and an average price target of $146.08.

Qualys Stock Up 0.1 %

Qualys stock opened at $126.14 on Thursday. Qualys, Inc. has a 52-week low of $119.32 and a 52-week high of $206.35. The company has a market cap of $4.66 billion, a P/E ratio of 29.20 and a beta of 0.46. The business has a 50-day simple moving average of $124.67 and a two-hundred day simple moving average of $140.51.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. During the same quarter last year, the firm posted $0.95 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Research analysts anticipate that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

Insider Activity

In related news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $133.93, for a total value of $82,500.88. Following the transaction, the chief financial officer now directly owns 87,077 shares of the company’s stock, valued at approximately $11,662,222.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the sale, the chief financial officer now directly owns 87,077 shares of the company’s stock, valued at approximately $11,662,222.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,535 shares of company stock valued at $1,469,140 in the last 90 days. Company insiders own 1.00% of the company’s stock.

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.