Federated Hermes Inc. Has $11.13 Million Holdings in Qualys, Inc. (NASDAQ:QLYS)

Federated Hermes Inc. lessened its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 56,678 shares of the software maker’s stock after selling 3,875 shares during the quarter. Federated Hermes Inc.’s holdings in Qualys were worth $11,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KLR Investment Advisors LLC lifted its holdings in shares of Qualys by 3.3% in the 3rd quarter. KLR Investment Advisors LLC now owns 2,384 shares of the software maker’s stock worth $364,000 after purchasing an additional 77 shares in the last quarter. Park Place Capital Corp increased its position in shares of Qualys by 12.3% during the 3rd quarter. Park Place Capital Corp now owns 733 shares of the software maker’s stock valued at $112,000 after purchasing an additional 80 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Qualys by 0.5% in the 3rd quarter. New York State Common Retirement Fund now owns 18,724 shares of the software maker’s stock worth $2,856,000 after acquiring an additional 97 shares during the last quarter. Fifth Third Bancorp increased its holdings in Qualys by 54.1% in the 3rd quarter. Fifth Third Bancorp now owns 282 shares of the software maker’s stock worth $43,000 after acquiring an additional 99 shares during the last quarter. Finally, Xponance Inc. increased its holdings in Qualys by 1.7% in the 3rd quarter. Xponance Inc. now owns 6,266 shares of the software maker’s stock worth $956,000 after acquiring an additional 103 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on QLYS shares. Wedbush cut their target price on Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Royal Bank of Canada decreased their price target on Qualys from $212.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 8th. Stephens reaffirmed an “equal weight” rating and issued a $190.00 price target on shares of Qualys in a research note on Thursday, February 8th. JPMorgan Chase & Co. boosted their target price on Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a research note on Thursday, February 8th. Finally, StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research note on Sunday. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $153.23.

Qualys Trading Up 1.8 %

Qualys stock opened at $171.54 on Wednesday. The business’s fifty day simple moving average is $166.38 and its two-hundred day simple moving average is $175.53. Qualys, Inc. has a 12 month low of $107.00 and a 12 month high of $206.35. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 42.46 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.26. The firm had revenue of $144.57 million for the quarter, compared to the consensus estimate of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. On average, equities research analysts predict that Qualys, Inc. will post 3.35 EPS for the current year.

Insider Activity

In other news, CFO Joo Mi Kim sold 1,130 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $169.49, for a total transaction of $191,523.70. Following the transaction, the chief financial officer now directly owns 96,734 shares of the company’s stock, valued at $16,395,445.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Joo Mi Kim sold 1,130 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $169.49, for a total transaction of $191,523.70. Following the completion of the sale, the chief financial officer now owns 96,734 shares in the company, valued at $16,395,445.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 4,120 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total value of $690,594.40. Following the sale, the chief executive officer now owns 194,481 shares of the company’s stock, valued at approximately $32,598,905.22. The disclosure for this sale can be found here. Insiders have sold a total of 13,349 shares of company stock valued at $2,214,032 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Qualys Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.