Legacy Wealth Asset Management LLC Lowers Stake in Qualys, Inc. (NASDAQ:QLYS)

Legacy Wealth Asset Management LLC lowered its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 13.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,878 shares of the software maker’s stock after selling 281 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Qualys were worth $313,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in QLYS. Mariner LLC lifted its holdings in Qualys by 35.4% during the third quarter. Mariner LLC now owns 3,329 shares of the software maker’s stock valued at $508,000 after purchasing an additional 871 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Qualys by 4.2% in the third quarter. Stifel Financial Corp now owns 13,139 shares of the software maker’s stock worth $2,004,000 after buying an additional 524 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Qualys by 102.1% in the third quarter. Lazard Asset Management LLC now owns 41,152 shares of the software maker’s stock worth $6,277,000 after buying an additional 20,794 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Qualys by 13.0% in the third quarter. AQR Capital Management LLC now owns 150,737 shares of the software maker’s stock worth $22,995,000 after buying an additional 17,333 shares in the last quarter. Finally, Shelton Capital Management purchased a new position in shares of Qualys in the third quarter worth $235,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 4,034 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $163.96, for a total transaction of $661,414.64. Following the completion of the sale, the chief executive officer now directly owns 193,608 shares of the company’s stock, valued at $31,743,967.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sumedh S. Thakar sold 4,034 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $163.96, for a total value of $661,414.64. Following the completion of the sale, the chief executive officer now directly owns 193,608 shares of the company’s stock, valued at $31,743,967.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Wendy Pfeiffer sold 2,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $145.72, for a total transaction of $291,440.00. Following the completion of the sale, the director now directly owns 8,490 shares of the company’s stock, valued at $1,237,162.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,531 shares of company stock valued at $3,833,431. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on QLYS shares. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a report on Monday, May 13th. Robert W. Baird reduced their price target on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Truist Financial reduced their price target on shares of Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Scotiabank assumed coverage on shares of Qualys in a research report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price target on the stock. Finally, StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $162.23.

Qualys Trading Down 0.1 %

Shares of QLYS opened at $143.39 on Friday. The firm has a market capitalization of $5.30 billion, a P/E ratio of 33.19 and a beta of 0.49. Qualys, Inc. has a 12-month low of $122.53 and a 12-month high of $206.35. The firm has a fifty day moving average price of $145.75 and a 200-day moving average price of $166.38.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The firm had revenue of $145.81 million during the quarter, compared to analyst estimates of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. Analysts predict that Qualys, Inc. will post 3.42 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.