The Manufacturers Life Insurance Company Sells 2,979 Shares of Qualys, Inc. (NASDAQ:QLYS)

The Manufacturers Life Insurance Company cut its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 6.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 43,457 shares of the software maker’s stock after selling 2,979 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Qualys were worth $5,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aigen Investment Management LP bought a new position in shares of Qualys in the 3rd quarter worth approximately $445,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Qualys by 208.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after acquiring an additional 58,252 shares during the period. Intech Investment Management LLC boosted its stake in shares of Qualys by 428.9% during the 3rd quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock worth $2,345,000 after acquiring an additional 14,804 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Qualys by 2,459.9% during the 2nd quarter. SG Americas Securities LLC now owns 43,135 shares of the software maker’s stock valued at $6,151,000 after acquiring an additional 41,450 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Qualys by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock valued at $3,525,000 after acquiring an additional 8,291 shares during the period. 99.31% of the stock is owned by institutional investors.

Qualys Stock Down 1.3 %

Shares of Qualys stock opened at $156.79 on Friday. The firm has a market cap of $5.74 billion, a PE ratio of 34.53 and a beta of 0.54. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35. The business has a 50-day moving average price of $136.88 and a 200 day moving average price of $135.32.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. The company had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. On average, sell-side analysts expect that Qualys, Inc. will post 4.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on QLYS shares. DA Davidson boosted their price objective on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Needham & Company LLC started coverage on shares of Qualys in a research report on Wednesday, November 6th. They issued a “hold” rating for the company. Truist Financial raised their price objective on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Morgan Stanley upped their target price on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised their price target on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Qualys has an average rating of “Hold” and an average price target of $152.80.

Insiders Place Their Bets

In other news, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the sale, the insider now owns 55,618 shares of the company’s stock, valued at $6,885,508.40. This represents a 2.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Joo Mi Kim sold 634 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $122.19, for a total value of $77,468.46. Following the sale, the chief financial officer now directly owns 85,942 shares of the company’s stock, valued at $10,501,252.98. The trade was a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,858 shares of company stock valued at $4,239,673 in the last 90 days. 1.00% of the stock is owned by insiders.

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.