Mackenzie Financial Corp Reduces Holdings in Qualys, Inc. (NASDAQ:QLYS)

Mackenzie Financial Corp reduced its position in Qualys, Inc. (NASDAQ:QLYS) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,368 shares of the software maker’s stock after selling 359 shares during the period. Mackenzie Financial Corp’s holdings in Qualys were worth $465,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in Qualys during the fourth quarter worth approximately $30,000. Blue Trust Inc. increased its holdings in shares of Qualys by 218.2% in the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock valued at $41,000 after acquiring an additional 144 shares during the period. Fifth Third Bancorp raised its position in Qualys by 54.1% in the 3rd quarter. Fifth Third Bancorp now owns 282 shares of the software maker’s stock valued at $43,000 after purchasing an additional 99 shares during the last quarter. CWM LLC boosted its stake in Qualys by 353.8% during the 3rd quarter. CWM LLC now owns 422 shares of the software maker’s stock worth $64,000 after purchasing an additional 329 shares during the period. Finally, Salem Investment Counselors Inc. purchased a new position in Qualys during the 4th quarter worth $123,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Stock Performance

NASDAQ:QLYS opened at $170.36 on Friday. Qualys, Inc. has a 1 year low of $107.00 and a 1 year high of $206.35. The stock has a fifty day moving average price of $166.44 and a two-hundred day moving average price of $175.54. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 42.01 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. Qualys had a net margin of 27.34% and a return on equity of 49.06%. The business had revenue of $144.57 million during the quarter, compared to the consensus estimate of $144.69 million. On average, analysts predict that Qualys, Inc. will post 3.35 EPS for the current year.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 4,034 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $163.96, for a total transaction of $661,414.64. Following the sale, the chief executive officer now owns 193,608 shares of the company’s stock, valued at approximately $31,743,967.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Qualys news, insider Bruce K. Posey sold 1,443 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $167.33, for a total value of $241,457.19. Following the sale, the insider now owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 4,034 shares of Qualys stock in a transaction on Monday, April 15th. The stock was sold at an average price of $163.96, for a total value of $661,414.64. Following the transaction, the chief executive officer now directly owns 193,608 shares of the company’s stock, valued at approximately $31,743,967.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,792 shares of company stock valued at $2,455,489. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

QLYS has been the subject of a number of research reports. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a report on Sunday, April 21st. Wedbush reduced their price objective 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 lowered their target price 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. JPMorgan Chase & Co. boosted their target price on Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a report on Thursday, February 8th. Finally, TD Cowen began coverage on Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Qualys currently has an average rating of “Hold” and an average target price of $154.57.

About Qualys

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.