Crossmark Global Holdings Inc. Trims Position in Qualys, Inc. (NASDAQ:QLYS)

Crossmark Global Holdings Inc. lowered its holdings in Qualys, Inc. (NASDAQ:QLYS) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,023 shares of the software maker’s stock after selling 189 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Qualys were worth $717,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in QLYS. Rise Advisors LLC purchased a new position in shares of Qualys during the 1st quarter valued at about $26,000. Global Retirement Partners LLC grew its holdings in Qualys by 1,666.7% during the first quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock worth $27,000 after acquiring an additional 150 shares during the period. Sound Income Strategies LLC lifted its holdings in Qualys by 545.2% in the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after acquiring an additional 169 shares during the period. DecisionPoint Financial LLC purchased a new stake in Qualys in the 1st quarter worth approximately $34,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Royal Bank of Canada decreased their price objective on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. UBS Group cut their price target on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. Finally, Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $147.83.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the sale, the chief financial officer now owns 87,077 shares of the company’s stock, valued at $11,662,222.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jeffrey P. Hank sold 850 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $135.45, for a total transaction of $115,132.50. Following the completion of the transaction, the director now directly owns 11,353 shares in the company, valued at approximately $1,537,763.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $133.93, for a total transaction of $82,500.88. Following the completion of the sale, the chief financial officer now owns 87,077 shares in the company, valued at $11,662,222.61. The disclosure for this sale can be found here. Insiders have sold a total of 19,385 shares of company stock worth $2,700,882 in the last quarter. Company insiders own 1.00% of the company’s stock.

Qualys Trading Down 0.4 %

QLYS stock opened at $125.17 on Monday. The firm has a 50-day moving average of $136.02 and a two-hundred day moving average of $150.06. Qualys, Inc. has a 12 month low of $121.64 and a 12 month high of $206.35. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 28.97 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. During the same period in the prior year, the business earned $0.95 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current year.

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.