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

Truist Financial Corp lessened its stake in shares of Qualys, Inc. (NASDAQ:QLYSGet Rating) by 4.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,950 shares of the software maker’s stock after selling 328 shares during the quarter. Truist Financial Corp’s holdings in Qualys were worth $968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Qualys by 1.4% during the first 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 last quarter. State Street Corp grew its stake in shares of Qualys by 2.8% in the second quarter. State Street Corp now owns 1,153,495 shares of the software maker’s stock worth $145,502,000 after purchasing an additional 31,477 shares during the last quarter. Congress Asset Management Co. MA grew its stake in shares of Qualys by 0.5% in the second quarter. Congress Asset Management Co. MA now owns 1,050,212 shares of the software maker’s stock worth $132,474,000 after purchasing an additional 4,749 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Qualys by 3.9% in the second quarter. Legal & General Group Plc now owns 989,150 shares of the software maker’s stock worth $124,772,000 after purchasing an additional 37,210 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Qualys by 1.5% in the first quarter. Invesco Ltd. now owns 681,986 shares of the software maker’s stock worth $97,122,000 after purchasing an additional 10,293 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Qualys Trading Up 4.5 %

Shares of NASDAQ QLYS opened at $109.19 on Friday. The firm’s 50-day moving average price is $114.92 and its 200-day moving average price is $130.13. Qualys, Inc. has a 1-year low of $101.10 and a 1-year high of $162.36. The firm has a market capitalization of $4.15 billion, a P/E ratio of 42.49 and a beta of 0.58.

Qualys (NASDAQ:QLYSGet Rating) last announced 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. Qualys had a net margin of 21.66% and a return on equity of 25.13%. The firm had revenue of $125.56 million for the quarter, compared to analyst estimates of $125.12 million. Equities research analysts forecast that Qualys, Inc. will post 2.54 EPS for the current year.

Insider Activity

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wedbush reduced their price objective on shares of Qualys from $150.00 to $140.00 in a research note 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. Canaccord Genuity Group reduced their price objective on shares of Qualys from $180.00 to $162.00 in a research note on Thursday, November 3rd. Truist Financial reduced their price objective on shares of Qualys from $125.00 to $110.00 in a research note on Monday, January 9th. Finally, Royal Bank of Canada dropped their target price on shares of Qualys from $148.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Qualys currently has an average rating of “Hold” and a consensus target price of $143.77.

About Qualys

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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