Qualys, Inc. (NASDAQ:QLYS) Stake Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 58.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,361 shares of the software maker’s stock after purchasing an additional 3,804 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Qualys were worth $1,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Roberts Wealth Advisors LLC acquired a new stake in Qualys during the 1st quarter worth about $863,000. Sound Income Strategies LLC raised its holdings in Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after buying an additional 169 shares during the period. Wallace Advisory Group LLC raised its holdings in Qualys by 4.0% during the 1st quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock worth $275,000 after buying an additional 63 shares during the period. Bridge City Capital LLC raised its holdings in Qualys by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 12,630 shares of the software maker’s stock worth $2,108,000 after buying an additional 97 shares during the period. Finally, Shilanski & Associates Inc. raised its holdings in Qualys by 549.7% during the 1st quarter. Shilanski & Associates Inc. now owns 7,686 shares of the software maker’s stock worth $1,283,000 after buying an additional 6,503 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insider Buying and Selling

In related news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total value of $179,736.20. Following the completion of the sale, the insider now directly owns 59,286 shares in the company, valued at approximately $8,011,910.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Sumedh S. Thakar sold 4,034 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $163.96, for a total transaction of $661,414.64. Following the completion of the transaction, the chief executive officer now directly owns 193,608 shares in the company, valued at $31,743,967.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total value of $179,736.20. Following the transaction, the insider now owns 59,286 shares of the company’s stock, valued at $8,011,910.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,443 shares of company stock worth $4,148,987. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

QLYS has been the topic of several recent analyst reports. Scotiabank initiated coverage on Qualys in a report on Friday, April 26th. They set a “sector perform” rating and a $172.00 price objective on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research note on Monday, May 13th. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird lowered their target price on Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Finally, Truist Financial lowered their target price on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $162.23.

Qualys Stock Performance

Shares of NASDAQ QLYS opened at $143.39 on Thursday. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 33.19 and a beta of 0.49. The business has a 50 day simple moving average of $146.28 and a 200 day simple moving average of $166.54. Qualys, Inc. has a 52 week low of $122.53 and a 52 week high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, beating the consensus estimate of $0.88 by $0.17. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The business had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $145.67 million. On average, analysts predict that Qualys, Inc. will post 3.42 EPS for the current year.

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.