Guggenheim Capital LLC Sells 3,065 Shares of Qualys, Inc. (NASDAQ:QLYS)

Guggenheim Capital LLC cut its holdings in Qualys, Inc. (NASDAQ:QLYS – Get Rating) by 50.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,070 shares of the software maker’s stock after selling 3,065 shares during the period. Guggenheim Capital LLC’s holdings in Qualys were worth $428,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Qualys by 2.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,774 shares of the software maker’s stock worth $386,000 after buying an additional 72 shares during the last quarter. Tributary Capital Management LLC grew its holdings in Qualys by 2.4% during the 3rd quarter. Tributary Capital Management LLC now owns 3,937 shares of the software maker’s stock valued at $549,000 after purchasing an additional 91 shares during the last quarter. Van ECK Associates Corp grew its holdings in Qualys by 9.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,073 shares of the software maker’s stock valued at $150,000 after purchasing an additional 97 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Qualys by 6.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,713 shares of the software maker’s stock valued at $239,000 after purchasing an additional 106 shares during the last quarter. Finally, Van Hulzen Asset Management LLC grew its holdings in Qualys by 2.9% during the 3rd quarter. Van Hulzen Asset Management LLC now owns 3,887 shares of the software maker’s stock valued at $542,000 after purchasing an additional 110 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors.

Qualys Stock Performance

Shares of QLYS opened at $117.84 on Friday. The company has a 50 day moving average price of $115.06 and a 200-day moving average price of $126.32. Qualys, Inc. has a fifty-two week low of $101.10 and a fifty-two week high of $162.36. The stock has a market capitalization of $4.36 billion, a PE ratio of 42.70 and a beta of 0.62.

Insider Buying and Selling

In related news, insider Bruce K. Posey sold 3,174 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $122.82, for a total transaction of $389,830.68. Following the completion of the transaction, the insider now owns 61,642 shares in the company, valued at approximately $7,570,870.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Bruce K. Posey sold 3,174 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $122.82, for a total transaction of $389,830.68. Following the completion of the transaction, the insider now owns 61,642 shares in the company, valued at approximately $7,570,870.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sumedh S. Thakar sold 5,576 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $119.28, for a total transaction of $665,105.28. Following the transaction, the chief executive officer now owns 182,708 shares of the company’s stock, valued at approximately $21,793,410.24. The disclosure for this sale can be found here. Insiders sold a total of 15,496 shares of company stock worth $1,792,689 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on QLYS. JPMorgan Chase & Co. began coverage on shares of Qualys in a report on Tuesday, January 24th. They set an “underweight” rating and a $109.00 price target on the stock. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, November 12th. Westpark Capital assumed coverage on shares of Qualys in a research report on Tuesday, March 7th. They issued a “buy” rating and a $170.00 price objective for the company. Piper Sandler lowered their price objective on shares of Qualys from $138.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 5th. Finally, Needham & Company LLC cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $143.20.

Qualys Profile

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Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures, help protect information technology systems and applications from cyber attacks, and achieve compliance with internal policies and external regulations.