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

Swiss National Bank lessened its stake in Qualys, Inc. (NASDAQ:QLYS) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 72,100 shares of the software maker’s stock after selling 700 shares during the quarter. Swiss National Bank’s holdings in Qualys were worth $9,262,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QLYS. Financial Enhancement Group LLC grew its position in shares of Qualys by 1.5% in the 3rd quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock worth $784,000 after buying an additional 91 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Qualys by 2.2% during the second quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after buying an additional 107 shares during the last quarter. Legacy Advisors LLC increased its position in shares of Qualys by 1.4% in the 2nd quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock valued at $1,180,000 after acquiring an additional 113 shares during the period. Advisors Asset Management Inc. lifted its position in Qualys by 8.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker’s stock worth $281,000 after acquiring an additional 126 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Qualys by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock valued at $6,622,000 after purchasing an additional 127 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Qualys Stock Up 2.1 %

QLYS opened at $153.37 on Monday. The company has a market cap of $5.61 billion, a PE ratio of 33.78 and a beta of 0.47. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35. The company has a 50-day moving average price of $131.26 and a 200 day moving average price of $134.81.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million during 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 business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 earnings per share. As a group, sell-side analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current year.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction 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 transaction, the insider now owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now 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 ownership of the stock. 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. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on QLYS shares. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Truist Financial raised their target price on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Piper Sandler lowered their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Qualys currently has an average rating of “Hold” and a consensus target price of $152.80.

Qualys 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.