Advisors Asset Management Inc. Sells 144 Shares of Qualys, Inc. $QLYS

Advisors Asset Management Inc. decreased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 705 shares of the software maker’s stock after selling 144 shares during the period. Advisors Asset Management Inc.’s holdings in Qualys were worth $89,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State of Michigan Retirement System raised its position in Qualys by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker’s stock worth $1,105,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Qualys by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the software maker’s stock worth $1,297,000 after purchasing an additional 100 shares during the last quarter. Securian Asset Management Inc. raised its position in Qualys by 3.7% in the 1st quarter. Securian Asset Management Inc. now owns 2,809 shares of the software maker’s stock worth $354,000 after purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp raised its position in Qualys by 27.9% in the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker’s stock worth $63,000 after purchasing an additional 109 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Qualys by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 4,287 shares of the software maker’s stock worth $539,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on QLYS shares. DA Davidson boosted their price objective on shares of Qualys from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Wedbush lifted their target price on shares of Qualys from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Jefferies Financial Group lifted their target price on shares of Qualys from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Morgan Stanley lifted their target price on shares of Qualys from $90.00 to $97.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Qualys has a consensus rating of “Hold” and an average price target of $141.00.

Qualys Stock Down 1.6%

Shares of QLYS stock opened at $133.46 on Friday. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $170.00. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 26.64 and a beta of 0.65. The firm has a fifty day moving average of $135.18 and a 200-day moving average of $132.93.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company had revenue of $164.06 million during the quarter, compared to analyst estimates of $161.25 million. During the same quarter in the previous year, the business earned $1.52 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. Research analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insider Activity at Qualys

In related news, Director John A. Zangardi sold 3,860 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $134.82, for a total value of $520,405.20. Following the completion of the transaction, the director directly owned 7,174 shares of the company’s stock, valued at approximately $967,198.68. This represents a 34.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 12,000 shares of the company’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $149.25, for a total transaction of $1,791,000.00. Following the completion of the transaction, the chief executive officer directly owned 217,962 shares of the company’s stock, valued at approximately $32,530,828.50. The trade was a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,222 shares of company stock valued at $7,252,957 in the last quarter. 0.88% of the stock is currently owned by company insiders.

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.