Granahan Investment Management LLC Sells 912 Shares of Qualys, Inc. (NASDAQ:QLYS)

Granahan Investment Management LLC cut its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,127 shares of the software maker’s stock after selling 912 shares during the quarter. Granahan Investment Management LLC owned 0.17% of Qualys worth $7,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Qualys by 1.4% in the first quarter. BlackRock Inc. now owns 4,045,674 shares of the software maker’s stock valued at $576,145,000 after buying an additional 56,825 shares in the last quarter. Vanguard Group Inc. raised its stake in Qualys by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,450,602 shares of the software maker’s stock valued at $480,980,000 after purchasing an additional 21,420 shares in the last quarter. First Trust Advisors LP raised its stake in Qualys by 10.1% in the fourth quarter. First Trust Advisors LP now owns 1,442,484 shares of the software maker’s stock valued at $161,955,000 after purchasing an additional 132,642 shares in the last quarter. State Street Corp raised its stake in Qualys by 4.6% in the third quarter. State Street Corp now owns 1,206,968 shares of the software maker’s stock valued at $168,239,000 after purchasing an additional 53,473 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its stake in Qualys by 3.7% in the first quarter. Congress Asset Management Co. MA now owns 1,087,407 shares of the software maker’s stock valued at $141,385,000 after purchasing an additional 39,282 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Qualys Trading Down 0.9 %

QLYS opened at $153.71 on Monday. Qualys, Inc. has a 1-year low of $101.10 and a 1-year high of $162.36. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 48.49 and a beta of 0.61. The company’s fifty day moving average price is $141.12 and its two-hundred day moving average price is $129.27.

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

Wall Street Analysts Forecast Growth

QLYS has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of Qualys from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Wedbush boosted their target price on Qualys from $130.00 to $160.00 in a research note on Friday, August 4th. Stephens assumed coverage on Qualys in a research note on Thursday, August 17th. They set an “equal weight” rating and a $145.00 target price for the company. William Blair started coverage on Qualys in a research note on Tuesday, May 30th. They set an “outperform” rating for the company. Finally, Piper Sandler downgraded shares of Qualys from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $120.00 to $109.00 in a report on Friday, June 9th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $138.41.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 1,577 shares of Qualys stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $128.97, for a total transaction of $203,385.69. Following the transaction, the insider now owns 56,555 shares of the company’s stock, valued at $7,293,898.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Bruce K. Posey sold 1,597 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $131.27, for a total transaction of $209,638.19. Following the transaction, the insider now directly owns 55,958 shares in the company, valued at $7,345,606.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 1,577 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $128.97, for a total transaction of $203,385.69. Following the transaction, the insider now owns 56,555 shares in the company, valued at $7,293,898.35. The disclosure for this sale can be found here. Insiders have sold a total of 34,544 shares of company stock valued at $4,763,607 over the last 90 days. Insiders own 1.20% of the company’s stock.

Qualys Company Profile

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.