FCF Advisors LLC Decreases Holdings in Qualys, Inc. (NASDAQ:QLYS)

FCF Advisors LLC lessened its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 44.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,855 shares of the software maker’s stock after selling 3,837 shares during the period. FCF Advisors LLC’s holdings in Qualys were worth $810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QLYS. Rise Advisors LLC acquired a new position in shares of Qualys during the first quarter valued at about $26,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Qualys in the fourth quarter worth $30,000. Blue Trust Inc. lifted its stake in shares of Qualys by 218.2% during the fourth quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock worth $41,000 after buying an additional 144 shares during the period. Signaturefd LLC grew its holdings in shares of Qualys by 24.9% during the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock valued at $57,000 after buying an additional 58 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Qualys by 33.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock valued at $65,000 after acquiring an additional 83 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Stock Performance

Qualys stock traded up $1.04 during trading on Monday, reaching $140.25. The company had a trading volume of 64,446 shares, compared to its average volume of 464,152. The firm has a market capitalization of $5.18 billion, a PE ratio of 32.22 and a beta of 0.47. The firm’s 50-day simple moving average is $150.25 and its 200 day simple moving average is $169.22. Qualys, Inc. has a 1-year low of $122.53 and a 1-year high of $206.35.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. Analysts anticipate that Qualys, Inc. will post 3.41 EPS for the current year.

Insider Activity

In other Qualys news, CFO Joo Mi Kim sold 928 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $167.97, for a total value of $155,876.16. Following the transaction, the chief financial officer now owns 93,196 shares in the company, valued at approximately $15,654,132.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Qualys news, CFO Joo Mi Kim sold 928 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $167.97, for a total value of $155,876.16. Following the completion of the sale, the chief financial officer now owns 93,196 shares in the company, valued at approximately $15,654,132.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey P. Hank sold 850 shares of Qualys stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $135.45, for a total value of $115,132.50. Following the transaction, the director now owns 11,353 shares in the company, valued at approximately $1,537,763.85. The disclosure for this sale can be found here. Insiders have sold a total of 28,443 shares of company stock worth $4,148,987 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on QLYS shares. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial dropped their target price on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research report on Monday, May 13th. TD Cowen assumed coverage on shares of Qualys in a report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price objective on the stock. Finally, Robert W. Baird reduced their target price on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Qualys has an average rating of “Hold” and an average price target of $162.23.

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.