Swiss National Bank Sells 700 Shares of Qualys, Inc. (NASDAQ:QLYS)

Swiss National Bank decreased its position in Qualys, Inc. (NASDAQ:QLYS) by 1.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,100 shares of the software maker’s stock after selling 700 shares during the quarter. Swiss National Bank owned approximately 0.20% of Qualys worth $9,262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Trust Walden Corp boosted its holdings in shares of Qualys by 14.5% in the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after buying an additional 117,079 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Qualys by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after purchasing an additional 63,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Qualys by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after purchasing an additional 3,357 shares during the period. Van Berkom & Associates Inc. raised its holdings in Qualys by 1.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock worth $53,095,000 after purchasing an additional 4,932 shares during the period. Finally, Millennium Management LLC lifted its position in Qualys by 100.7% during the second quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock valued at $52,401,000 after purchasing an additional 184,403 shares in the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Qualys

In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the sale, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. The trade was a 3.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,919 shares of company stock worth $2,993,000. Company insiders own 1.00% of the company’s stock.

Qualys Stock Up 2.1 %

Shares of NASDAQ:QLYS opened at $153.37 on Monday. The firm has a fifty day simple moving average of $131.26 and a two-hundred day simple moving average of $134.81. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35. The stock has a market capitalization of $5.61 billion, a P/E ratio of 33.78 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data 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 company had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. On average, analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on QLYS. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Wedbush lowered their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC began coverage on shares of Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating for the company. Piper Sandler lowered their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Northland Securities reiterated a “market perform” rating and issued a $140.00 price target (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $152.80.

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.