Alliance Wealth Advisors LLC UT Cuts Holdings in Qualys, Inc. (NASDAQ:QLYS)

Alliance Wealth Advisors LLC UT lessened its stake in Qualys, Inc. (NASDAQ:QLYS) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,946 shares of the software maker’s stock after selling 138 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Qualys were worth $273,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aigen Investment Management LP acquired a new stake in Qualys in the third quarter valued at approximately $445,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Qualys by 208.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock valued at $11,072,000 after purchasing an additional 58,252 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Qualys by 428.9% in the 3rd quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock valued at $2,345,000 after purchasing an additional 14,804 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Qualys by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after purchasing an additional 8,291 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Qualys by 6.8% during the third quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker’s stock worth $8,134,000 after purchasing an additional 4,040 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Qualys news, CFO Joo Mi Kim sold 1,332 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $157.37, for a total transaction of $209,616.84. Following the transaction, the chief financial officer now owns 113,652 shares in the company, valued at approximately $17,885,415.24. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total value of $1,047,620.00. Following the completion of the sale, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at $33,741,295.98. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,259 shares of company stock worth $4,578,153. 1.00% of the stock is owned by insiders.

Qualys Trading Up 1.2 %

Qualys stock opened at $143.43 on Wednesday. The stock has a 50 day moving average of $143.87 and a two-hundred day moving average of $135.59. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $184.04. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 31.59 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.23. The firm had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. Equities analysts predict that Qualys, Inc. will post 4.34 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on QLYS. TD Cowen lifted their price target on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Needham & Company LLC began coverage on Qualys in a research note on Wednesday, November 6th. They set a “hold” rating for the company. Jefferies Financial Group upped their price target on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Westpark Capital reissued a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Finally, Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus target price of $152.80.

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.