Yousif Capital Management LLC Sells 337 Shares of Qualys, Inc. (NASDAQ:QLYS)

Yousif Capital Management LLC lowered its stake in Qualys, Inc. (NASDAQ:QLYS) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,516 shares of the software maker’s stock after selling 337 shares during the period. Yousif Capital Management LLC’s holdings in Qualys were worth $1,576,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Qualys by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker’s stock worth $64,016,000 after purchasing an additional 3,848 shares during the period. Raymond James Financial Inc. bought a new position in shares of Qualys in the fourth quarter worth $15,937,000. Aurora Investment Counsel bought a new position in shares of Qualys in the fourth quarter worth $2,243,000. Teacher Retirement System of Texas increased its position in shares of Qualys by 151.2% in the fourth quarter. Teacher Retirement System of Texas now owns 17,258 shares of the software maker’s stock worth $2,420,000 after purchasing an additional 10,387 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Qualys by 16.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,357 shares of the software maker’s stock worth $14,072,000 after purchasing an additional 14,170 shares during the period. Institutional investors own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QLYS. Wall Street Zen cut Qualys from a “buy” rating to a “hold” rating in a research report on Saturday. Scotiabank set a $142.00 target price on shares of Qualys and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Wedbush reduced their price target on shares of Qualys from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price objective on shares of Qualys from $122.00 to $117.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. Finally, Morgan Stanley dropped their price objective on shares of Qualys from $120.00 to $90.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $137.50.

Insider Buying and Selling

In related news, Director Jeffrey P. Hank sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $128.93, for a total transaction of $515,720.00. Following the completion of the sale, the director now owns 12,666 shares of the company’s stock, valued at $1,633,027.38. This trade represents a 24.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bruce K. Posey sold 540 shares of Qualys stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $117.86, for a total value of $63,644.40. Following the completion of the sale, the insider now owns 64,513 shares of the company’s stock, valued at approximately $7,603,502.18. The trade was a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,472 shares of company stock valued at $3,181,068 over the last quarter. Insiders own 0.88% of the company’s stock.

Qualys Stock Up 0.3%

Shares of NASDAQ:QLYS opened at $139.24 on Tuesday. The firm has a market cap of $5.06 billion, a P/E ratio of 29.94 and a beta of 0.61. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $170.00. The business has a fifty day simple moving average of $131.89 and a 200 day simple moving average of $135.37.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.21. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The company had revenue of $159.90 million during the quarter, compared to the consensus estimate of $157.05 million. During the same period last year, the company earned $1.45 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts expect that Qualys, Inc. will post 3.85 EPS 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.