PNC Financial Services Group Inc. Sells 996 Shares of Qualys, Inc. (NASDAQ:QLYS)

PNC Financial Services Group Inc. reduced its stake in Qualys, Inc. (NASDAQ:QLYSFree Report) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,451 shares of the software maker’s stock after selling 996 shares during the period. PNC Financial Services Group Inc.’s holdings in Qualys were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Qualys by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,739,966 shares of the software maker’s stock valued at $570,532,000 after buying an additional 45,867 shares during the period. Legal & General Group Plc boosted its stake in shares of Qualys by 1.5% in the third quarter. Legal & General Group Plc now owns 887,988 shares of the software maker’s stock valued at $135,463,000 after buying an additional 12,794 shares during the period. Dimensional Fund Advisors LP raised its position in Qualys by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 739,205 shares of the software maker’s stock valued at $145,095,000 after purchasing an additional 21,439 shares in the last quarter. Northern Trust Corp raised its position in Qualys by 2.6% during the third quarter. Northern Trust Corp now owns 570,957 shares of the software maker’s stock valued at $87,099,000 after purchasing an additional 14,273 shares in the last quarter. Finally, FMR LLC raised its position in Qualys by 2.2% during the third quarter. FMR LLC now owns 517,735 shares of the software maker’s stock valued at $78,980,000 after purchasing an additional 10,946 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualys

In other Qualys news, CFO Joo Mi Kim sold 723 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total value of $119,121.48. Following the completion of the transaction, the chief financial officer now directly owns 100,289 shares of the company’s stock, valued at approximately $16,523,615.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Joo Mi Kim sold 723 shares of Qualys stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the sale, the chief financial officer now directly owns 100,289 shares of the company’s stock, valued at approximately $16,523,615.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction on Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the sale, the insider now directly owns 59,616 shares of the company’s stock, valued at $8,658,627.84. The disclosure for this sale can be found here. Insiders sold a total of 17,920 shares of company stock valued at $2,904,451 in the last three months. Company insiders own 1.00% of the company’s stock.

Qualys Trading Down 2.1 %

QLYS opened at $143.37 on Wednesday. The company has a 50 day moving average of $161.15 and a 200 day moving average of $174.98. Qualys, Inc. has a 12 month low of $122.53 and a 12 month high of $206.35. The company has a market cap of $5.30 billion, a PE ratio of 33.19 and a beta of 0.51.

Qualys (NASDAQ:QLYSGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, beating the consensus estimate of $0.88 by $0.17. Qualys had a net margin of 28.48% and a return on equity of 47.28%. The firm had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. Research analysts forecast that Qualys, Inc. will post 3.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on QLYS shares. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a report on Monday, May 13th. Truist Financial cut their price target on shares of Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Royal Bank of Canada cut their price objective on shares of Qualys from $212.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 8th. Scotiabank initiated coverage on shares of Qualys in a research report on Friday, April 26th. They set a “sector perform” rating and a $172.00 price objective on the stock. Finally, TD Cowen started coverage on shares of Qualys in a research report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $162.23.

Get Our Latest Report on Qualys

Qualys Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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