Shell Asset Management Co. Lowers Holdings in Qualys, Inc. (NASDAQ:QLYS)

Shell Asset Management Co. trimmed its position in Qualys, Inc. (NASDAQ:QLYSGet Rating) by 12.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,293 shares of the software maker’s stock after selling 487 shares during the period. Shell Asset Management Co.’s holdings in Qualys were worth $469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Congress Asset Management Co. MA grew its position in Qualys by 1.2% in the 1st quarter. Congress Asset Management Co. MA now owns 1,045,463 shares of the software maker’s stock valued at $148,884,000 after buying an additional 12,811 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Qualys by 16.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 755,138 shares of the software maker’s stock worth $103,620,000 after purchasing an additional 104,891 shares in the last quarter. Northern Trust Corp boosted its position in shares of Qualys by 0.6% during the 4th quarter. Northern Trust Corp now owns 584,803 shares of the software maker’s stock worth $80,246,000 after purchasing an additional 3,226 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of Qualys by 2.6% during the 1st quarter. Boston Trust Walden Corp now owns 391,065 shares of the software maker’s stock worth $55,691,000 after purchasing an additional 9,812 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in shares of Qualys by 0.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 368,940 shares of the software maker’s stock worth $50,626,000 after purchasing an additional 1,376 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

QLYS has been the topic of several recent research reports. StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research report on Wednesday, June 22nd. Truist Financial boosted their target price on shares of Qualys from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Tuesday, July 26th. DA Davidson assumed coverage on shares of Qualys in a research note on Friday, July 15th. They issued a “neutral” rating and a $120.00 target price for the company. Wedbush boosted their target price on shares of Qualys from $146.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, April 14th. Finally, Wolfe Research assumed coverage on shares of Qualys in a research note on Monday, April 11th. They issued an “outperform” rating and a $162.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $134.38.

Insider Buying and Selling

In related news, insider Bruce K. Posey sold 2,500 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $130.16, for a total transaction of $325,400.00. Following the completion of the sale, the insider now owns 61,427 shares of the company’s stock, valued at approximately $7,995,338.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Qualys news, insider Bruce K. Posey sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $130.16, for a total value of $325,400.00. Following the completion of the transaction, the insider now owns 61,427 shares in the company, valued at approximately $7,995,338.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $119.45, for a total value of $836,150.00. Following the completion of the transaction, the chief executive officer now owns 169,526 shares of the company’s stock, valued at approximately $20,249,880.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,745 shares of company stock valued at $8,446,450. 1.40% of the stock is currently owned by corporate insiders.

Qualys Stock Performance

QLYS opened at $128.88 on Thursday. The firm has a 50 day moving average price of $127.80 and a 200 day moving average price of $129.08. The company has a market cap of $5.00 billion, a PE ratio of 53.26 and a beta of 0.69. Qualys, Inc. has a 1 year low of $101.68 and a 1 year high of $150.10.

Qualys (NASDAQ:QLYSGet Rating) last posted its earnings results on Wednesday, May 4th. The software maker reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. The firm had revenue of $113.40 million during the quarter, compared to the consensus estimate of $112.98 million. Qualys had a net margin of 22.47% and a return on equity of 22.91%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. On average, sell-side analysts predict that Qualys, Inc. will post 2 earnings per share for the current year.

Qualys Profile

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Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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