Atria Investments Inc Trims Stake in Qualys, Inc. (NASDAQ:QLYS)

Atria Investments Inc cut its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 18.2% in the third quarter, HoldingsChannel.com reports. The firm owned 4,015 shares of the software maker’s stock after selling 893 shares during the quarter. Atria Investments Inc’s holdings in Qualys were worth $516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Qualys by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after purchasing an additional 83,504 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Qualys by 13.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,304 shares of the software maker’s stock valued at $18,048,000 after acquiring an additional 12,915 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Qualys during the 1st quarter valued at about $2,503,000. Vident Advisory LLC grew its position in Qualys by 18.5% in the 1st quarter. Vident Advisory LLC now owns 27,742 shares of the software maker’s stock valued at $4,629,000 after acquiring an additional 4,331 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Qualys during the first quarter worth about $116,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the sale, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. This trade represents a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the transaction, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,919 shares of company stock worth $2,993,000. 1.00% of the stock is owned by insiders.

Qualys Price Performance

Shares of QLYS opened at $147.03 on Thursday. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $206.35. The stock has a market cap of $5.38 billion, a PE ratio of 32.39 and a beta of 0.47. The firm has a fifty day moving average price of $129.74 and a 200 day moving average price of $134.95.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.23. The business 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 business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. As a group, equities analysts expect that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

QLYS has been the subject of a number of research reports. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Scotiabank dropped their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Northland Securities reiterated a “market perform” rating and issued a $140.00 price objective (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Truist Financial lifted their target price on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, Wolfe Research upgraded Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.