US Bancorp DE Cuts Position in Qualys, Inc. $QLYS

US Bancorp DE lowered its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 19.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,803 shares of the software maker’s stock after selling 1,864 shares during the period. US Bancorp DE’s holdings in Qualys were worth $1,115,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its stake in shares of Qualys by 12.0% during the second quarter. Vontobel Holding Ltd. now owns 65,303 shares of the software maker’s stock valued at $9,330,000 after purchasing an additional 7,000 shares during the period. KLP Kapitalforvaltning AS raised its stake in shares of Qualys by 22.0% during the second quarter. KLP Kapitalforvaltning AS now owns 14,400 shares of the software maker’s stock valued at $2,057,000 after purchasing an additional 2,600 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Qualys during the second quarter valued at approximately $115,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Qualys by 7.1% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,718 shares of the software maker’s stock valued at $1,246,000 after purchasing an additional 575 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Qualys by 20.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 56,375 shares of the software maker’s stock valued at $8,054,000 after purchasing an additional 9,473 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 8,500 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $132.49, for a total transaction of $1,126,165.00. Following the completion of the transaction, the chief executive officer owned 205,951 shares of the company’s stock, valued at approximately $27,286,447.99. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 1,018 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $132.26, for a total transaction of $134,640.68. Following the transaction, the chief financial officer directly owned 94,468 shares of the company’s stock, valued at approximately $12,494,337.68. This trade represents a 1.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 39,365 shares of company stock worth $5,170,053. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

QLYS has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualys in a research note on Wednesday, October 8th. DA Davidson lifted their price objective on shares of Qualys from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Wedbush raised their price target on shares of Qualys from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group raised their price target on shares of Qualys from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.00.

Qualys Price Performance

Qualys stock opened at $126.60 on Friday. The company has a market cap of $4.57 billion, a PE ratio of 25.27 and a beta of 0.62. The company has a fifty day moving average price of $132.28 and a two-hundred day moving average price of $133.46. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $170.00.

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

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.