Stifel Financial Corp Sells 1,871 Shares of Qualys, Inc. (NASDAQ:QLYS)

Stifel Financial Corp cut its holdings in Qualys, Inc. (NASDAQ:QLYS) by 10.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 16,044 shares of the software maker’s stock after selling 1,871 shares during the quarter. Stifel Financial Corp’s holdings in Qualys were worth $2,061,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in QLYS. Aigen Investment Management LP bought a new position in shares of Qualys in the third quarter worth about $445,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Qualys by 208.5% during 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 buying an additional 58,252 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Qualys by 428.9% during the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock worth $2,345,000 after buying an additional 14,804 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Qualys by 57.7% during the 2nd quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock valued at $1,950,000 after acquiring an additional 5,004 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings 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 in the last quarter. 99.31% of the stock is owned by institutional investors.

Qualys Stock Up 0.9 %

Shares of NASDAQ:QLYS opened at $142.60 on Friday. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 31.41 and a beta of 0.54. The business’s 50 day moving average is $141.58 and its 200 day moving average is $135.70. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $206.27.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 million. During the same period in the prior year, the company posted $1.24 earnings per share. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

QLYS has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Wolfe Research upgraded Qualys from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. DA Davidson upped their target price on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC started coverage on Qualys in a research report on Wednesday, November 6th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $152.80.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 8,555 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total value of $1,322,774.10. Following the completion of the sale, the insider now directly owns 64,032 shares of the company’s stock, valued at $9,900,627.84. This trade represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joo Mi Kim sold 1,332 shares of Qualys stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $157.37, for a total value of $209,616.84. Following the completion of the sale, the chief financial officer now directly owns 113,652 shares of the company’s stock, valued at approximately $17,885,415.24. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,860 shares of company stock worth $4,284,636. Insiders own 1.00% of the company’s stock.

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.