M&T Bank Corp Sells 94 Shares of Qualys, Inc. (NASDAQ:QLYS)

M&T Bank Corp reduced its position in Qualys, Inc. (NASDAQ:QLYS) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,974 shares of the software maker’s stock after selling 94 shares during the quarter. M&T Bank Corp’s holdings in Qualys were worth $248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Qualys by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock worth $604,721,000 after purchasing an additional 131,339 shares during the period. Geode Capital Management LLC lifted its position in Qualys by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,262,931 shares of the software maker’s stock worth $178,445,000 after purchasing an additional 16,369 shares during the period. Legal & General Group Plc lifted its position in Qualys by 10.2% in the fourth quarter. Legal & General Group Plc now owns 954,583 shares of the software maker’s stock worth $133,852,000 after purchasing an additional 88,347 shares during the period. First Trust Advisors LP raised its stake in Qualys by 4.4% during the fourth quarter. First Trust Advisors LP now owns 920,163 shares of the software maker’s stock worth $129,025,000 after acquiring an additional 38,880 shares in the last quarter. Finally, CDAM UK Ltd raised its stake in Qualys by 21.6% during the fourth quarter. CDAM UK Ltd now owns 611,793 shares of the software maker’s stock worth $85,786,000 after acquiring an additional 108,880 shares in the last quarter. 99.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Scotiabank set a $142.00 price objective on Qualys and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Wedbush dropped their price objective on Qualys from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Wall Street Zen upgraded Qualys from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. Morgan Stanley dropped their price objective on Qualys from $120.00 to $90.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Qualys from $122.00 to $117.00 and set an “underweight” rating for the company in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $137.50.

Insider Transactions at Qualys

In other Qualys news, Director Jeffrey P. Hank sold 657 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $139.07, for a total transaction of $91,368.99. Following the transaction, the director owned 13,888 shares of the company’s stock, valued at $1,931,404.16. The trade was a 4.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce K. Posey sold 525 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $135.96, for a total value of $71,379.00. Following the transaction, the insider directly owned 61,184 shares in the company, valued at $8,318,576.64. This trade represents a 0.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,597 shares of company stock worth $6,517,773. Corporate insiders own 0.88% of the company’s stock.

Qualys Trading Down 0.2%

Shares of QLYS opened at $139.31 on Friday. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The stock has a market cap of $5.06 billion, a P/E ratio of 28.49 and a beta of 0.62. The stock’s 50-day moving average price is $139.86 and its two-hundred day moving average price is $134.56.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.21. The business had revenue of $159.90 million for the quarter, compared to analysts’ expectations of $157.05 million. Qualys had a return on equity of 38.05% and a net margin of 29.19%. Qualys’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. As a group, equities analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

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.