Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Strs Ohio

Strs Ohio lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the software maker’s stock after selling 1,000 shares during the quarter. Strs Ohio’s holdings in Qualys were worth $1,962,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QLYS. McGlone Suttner Wealth Management Inc. purchased a new stake in Qualys in the fourth quarter valued at approximately $30,000. Dark Forest Capital Management LP boosted its holdings in shares of Qualys by 58.2% in the 1st quarter. Dark Forest Capital Management LP now owns 242 shares of the software maker’s stock valued at $31,000 after purchasing an additional 89 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Qualys by 218.2% during the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock valued at $41,000 after buying an additional 144 shares during the period. Fifth Third Bancorp increased its holdings in shares of Qualys by 54.1% during the 3rd quarter. Fifth Third Bancorp now owns 282 shares of the software maker’s stock worth $43,000 after buying an additional 99 shares during the last quarter. Finally, Fortis Capital Advisors LLC increased its holdings in shares of Qualys by 3,000.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 341 shares of the software maker’s stock worth $44,000 after buying an additional 330 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 4,120 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the completion of the transaction, the chief executive officer now directly owns 194,481 shares of the company’s stock, valued at approximately $32,598,905.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Qualys news, CEO Sumedh S. Thakar sold 4,120 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $167.62, for a total transaction of $690,594.40. Following the transaction, the chief executive officer now owns 194,481 shares of the company’s stock, valued at approximately $32,598,905.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bruce K. Posey sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $197.78, for a total value of $197,780.00. Following the completion of the sale, the insider now owns 63,255 shares of the company’s stock, valued at $12,510,573.90. The disclosure for this sale can be found here. Insiders have sold 14,349 shares of company stock valued at $2,411,812 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Qualys Stock Performance

Shares of NASDAQ QLYS opened at $163.55 on Friday. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 40.48 and a beta of 0.51. Qualys, Inc. has a 1 year low of $107.00 and a 1 year high of $206.35. The stock’s 50-day simple moving average is $166.44 and its 200-day simple moving average is $175.12.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on QLYS. Stephens reissued an “equal weight” rating and set a $190.00 price target on shares of Qualys in a research report on Thursday, February 8th. Truist Financial boosted their target price on Qualys from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Royal Bank of Canada decreased their price objective on shares of Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a research note on Thursday, February 8th. Finally, TD Cowen initiated coverage on shares of Qualys in a research note on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 target price on the stock. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $153.23.

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.