Truist Financial Corp Sells 328 Shares of Qualys, Inc. (NASDAQ:QLYS)

Truist Financial Corp reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS – Get Rating) by 4.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,950 shares of the software maker’s stock after selling 328 shares during the period. Truist Financial Corp’s holdings in Qualys were worth $968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Artemis Investment Management LLP bought a new position in Qualys in the 2nd quarter worth approximately $21,147,000. Allianz Asset Management GmbH boosted its holdings in Qualys by 71.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 370,940 shares of the software maker’s stock worth $46,790,000 after buying an additional 155,203 shares during the period. Renaissance Technologies LLC boosted its holdings in Qualys by 316.8% in the 2nd quarter. Renaissance Technologies LLC now owns 185,900 shares of the software maker’s stock worth $23,449,000 after buying an additional 141,300 shares during the period. JPMorgan Chase & Co. boosted its holdings in Qualys by 50.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 186,436 shares of the software maker’s stock worth $23,517,000 after buying an additional 62,232 shares during the period. Finally, BlackRock Inc. boosted its holdings in Qualys by 1.4% in the 1st quarter. BlackRock Inc. now owns 4,045,674 shares of the software maker’s stock worth $576,145,000 after buying an additional 56,825 shares during the period. 92.61% of the stock is owned by institutional investors.

Qualys Stock Performance

Qualys stock opened at $109.19 on Friday. The firm’s fifty day moving average price is $114.92 and its 200-day moving average price is $130.13. The stock has a market cap of $4.15 billion, a P/E ratio of 42.49 and a beta of 0.58. Qualys, Inc. has a fifty-two week low of $101.10 and a fifty-two week high of $162.36.

Qualys (NASDAQ:QLYS – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The software maker reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.13. The firm had revenue of $125.56 million for the quarter, compared to analysts’ expectations of $125.12 million. Qualys had a net margin of 21.66% and a return on equity of 25.13%. On average, analysts predict that Qualys, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Qualys

In related news, CEO Sumedh S. Thakar sold 5,576 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $125.75, for a total transaction of $701,182.00. Following the transaction, the chief executive officer now owns 183,984 shares of the company’s stock, valued at approximately $23,135,988. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CRO Allan Peters sold 553 shares of the stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $115.50, for a total transaction of $63,871.50. Following the transaction, the executive now owns 43,075 shares of the company’s stock, valued at approximately $4,975,162.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 5,576 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $125.75, for a total transaction of $701,182.00. Following the transaction, the chief executive officer now directly owns 183,984 shares in the company, valued at approximately $23,135,988. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,281 shares of company stock valued at $2,027,125. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on QLYS shares. Royal Bank of Canada cut their price objective on shares of Qualys from $148.00 to $140.00 and set a “sector perform” rating for the company in a report on Thursday, November 3rd. Needham & Company LLC cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, November 12th. Berenberg Bank upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a research note on Friday, October 21st. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $142.00 target price on shares of Qualys in a research note on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Qualys currently has a consensus rating of “Hold” and a consensus price target of $143.77.

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.