Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in Qualys, Inc. (NASDAQ:QLYS) by 33.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,232 shares of the software maker’s stock after selling 1,657 shares during the period. Cerity Partners LLC’s holdings in Qualys were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System boosted its stake in Qualys by 0.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 11,302 shares of the software maker’s stock worth $1,268,000 after buying an additional 90 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in shares of Qualys by 4.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,374 shares of the software maker’s stock valued at $266,000 after purchasing an additional 95 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its stake in shares of Qualys by 4.2% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,374 shares of the software maker’s stock valued at $266,000 after purchasing an additional 95 shares in the last quarter. Torray Investment Partners LLC lifted its stake in shares of Qualys by 1.2% in the 1st quarter. Torray Investment Partners LLC now owns 8,396 shares of the software maker’s stock valued at $1,092,000 after purchasing an additional 99 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Qualys by 71.0% in the 1st quarter. Parallel Advisors LLC now owns 277 shares of the software maker’s stock valued at $36,000 after purchasing an additional 115 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Qualys

In other news, insider Bruce K. Posey sold 1,578 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $145.49, for a total value of $229,583.22. Following the completion of the transaction, the insider now owns 52,377 shares of the company’s stock, valued at $7,620,329.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Bruce K. Posey sold 1,578 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $145.49, for a total value of $229,583.22. Following the completion of the transaction, the insider now owns 52,377 shares of the company’s stock, valued at $7,620,329.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,577 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $128.97, for a total value of $203,385.69. Following the completion of the transaction, the insider now directly owns 56,555 shares of the company’s stock, valued at approximately $7,293,898.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,100 shares of company stock valued at $4,962,961. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

QLYS has been the topic of several analyst reports. Stephens initiated coverage on Qualys in a report on Thursday, August 17th. They set an “equal weight” rating and a $145.00 target price on the stock. StockNews.com initiated coverage on Qualys in a report on Thursday, August 17th. They set a “buy” rating on the stock. William Blair started coverage on Qualys in a report on Tuesday, May 30th. They set an “outperform” rating on the stock. TD Cowen upped their target price on Qualys from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity Group upped their target price on Qualys from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Four investment analysts have 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, the stock presently has an average rating of “Hold” and an average price target of $138.41.

Qualys Price Performance

Shares of QLYS opened at $154.95 on Thursday. The company has a market cap of $5.69 billion, a P/E ratio of 48.88 and a beta of 0.61. The stock has a fifty day moving average price of $140.09 and a 200 day moving average price of $128.69. Qualys, Inc. has a 12 month low of $101.10 and a 12 month high of $162.36.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.30. Qualys had a return on equity of 40.52% and a net margin of 22.98%. The company had revenue of $137.21 million during the quarter, compared to analysts’ expectations of $135.55 million. As a group, research analysts anticipate that Qualys, Inc. will post 3.2 earnings per share for the current year.

About Qualys

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; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; 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.