Envestnet Asset Management Inc. Sells 40,046 Shares of Qualys, Inc. (NASDAQ:QLYS)

Envestnet Asset Management Inc. cut its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 23.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 127,969 shares of the software maker’s stock after selling 40,046 shares during the period. Envestnet Asset Management Inc. owned 0.35% of Qualys worth $16,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tandem Investment Advisors Inc. boosted its stake in Qualys by 24.4% in the first quarter. Tandem Investment Advisors Inc. now owns 41,370 shares of the software maker’s stock valued at $5,210,000 after acquiring an additional 8,120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Qualys by 4.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,143 shares of the software maker’s stock worth $1,036,000 after purchasing an additional 310 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Qualys by 1.1% in the first quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker’s stock valued at $13,856,000 after buying an additional 1,177 shares in the last quarter. Novem Group grew its position in shares of Qualys by 35.0% in the first quarter. Novem Group now owns 7,008 shares of the software maker’s stock valued at $883,000 after purchasing an additional 1,817 shares during the period. Finally, Verity Asset Management Inc. acquired a new stake in shares of Qualys in the first quarter valued at about $360,000. 99.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualys

In other Qualys news, Director Wendy Pfeiffer sold 200 shares of Qualys stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $139.45, for a total transaction of $27,890.00. Following the transaction, the director directly owned 11,282 shares of the company’s stock, valued at $1,573,274.90. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 525 shares of Qualys stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $135.96, for a total transaction of $71,379.00. Following the transaction, the insider directly owned 61,184 shares in the company, valued at approximately $8,318,576.64. This trade represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,597 shares of company stock valued at $6,517,773. Corporate insiders own 0.88% of the company’s stock.

Qualys Stock Up 0.8%

Shares of Qualys stock opened at $139.55 on Friday. The company’s 50-day simple moving average is $139.72 and its 200-day simple moving average is $134.57. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 28.54 and a beta of 0.62. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $170.00.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.21. The business had revenue of $159.90 million during the quarter, compared to the consensus estimate of $157.05 million. Qualys had a net margin of 29.19% and a return on equity of 38.05%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 EPS. Equities research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on QLYS shares. Wedbush lowered their price target on shares of Qualys from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Scotiabank set a $142.00 target price on shares of Qualys and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Qualys from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. Royal Bank Of Canada lifted their target price on shares of Qualys from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Qualys from $122.00 to $117.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $137.50.

Qualys Company 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.