Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Axa S.A.

Axa S.A. lessened its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 66.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,036 shares of the software maker’s stock after selling 52,945 shares during the quarter. Axa S.A. owned about 0.07% of Qualys worth $3,855,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Wallace Advisory Group LLC lifted its position in shares of Qualys by 4.0% during the first quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock worth $275,000 after purchasing an additional 63 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in Qualys by 33.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock valued at $65,000 after acquiring an additional 83 shares in the last quarter. Covenant Partners LLC raised its holdings in Qualys by 3.5% in the fourth quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock valued at $492,000 after acquiring an additional 84 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Qualys by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 23,700 shares of the software maker’s stock valued at $4,652,000 after acquiring an additional 89 shares in the last quarter. Finally, Bridge City Capital LLC raised its holdings in Qualys by 0.8% in the first quarter. Bridge City Capital LLC now owns 12,630 shares of the software maker’s stock valued at $2,108,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total value of $191,945.65. Following the transaction, the insider now directly owns 58,947 shares in the company, valued at approximately $8,450,052.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total value of $191,945.65. Following the transaction, the insider now directly owns 58,947 shares in the company, valued at approximately $8,450,052.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. The disclosure for this sale can be found here. Insiders have sold a total of 11,535 shares of company stock worth $1,609,023 in the last three months. Insiders own 1.00% of the company’s stock.

Qualys Trading Up 2.5 %

Shares of QLYS opened at $130.00 on Monday. The firm has a market cap of $4.80 billion, a PE ratio of 30.09 and a beta of 0.46. The company’s 50 day simple moving average is $128.76 and its 200-day simple moving average is $144.04. Qualys, Inc. has a 12-month low of $119.32 and a 12-month high of $206.35.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on QLYS. Wedbush reduced their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Truist Financial reduced their target price on shares of Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a report on Monday, August 5th. Piper Sandler dropped their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Finally, DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $147.83.

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.