Quantbot Technologies LP Sells 5,243 Shares of Qualys, Inc. (NASDAQ:QLYS)

Quantbot Technologies LP reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 14.5% in the third quarter, Holdings Channel reports. The fund owned 30,860 shares of the software maker’s stock after selling 5,243 shares during the quarter. Quantbot Technologies LP’s holdings in Qualys were worth $3,964,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. grew its position in shares of Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after acquiring an additional 168 shares during the period. UMB Bank n.a. boosted its holdings in Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after buying an additional 143 shares during the period. Quarry LP bought a new position in Qualys in the 2nd quarter worth approximately $40,000. DT Investment Partners LLC bought a new position in Qualys in the 2nd quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after buying an additional 223 shares during the period. 99.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

QLYS has been the subject of several analyst reports. Truist Financial raised their price objective on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Canaccord Genuity Group raised their price target on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group raised their price target on shares of Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Westpark Capital reissued a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Finally, Morgan Stanley raised their price target on shares of Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Three 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $152.80.

Qualys Stock Down 0.3 %

Shares of NASDAQ:QLYS opened at $155.94 on Wednesday. The stock has a market cap of $5.71 billion, a PE ratio of 34.35 and a beta of 0.47. The company’s fifty day moving average is $131.86 and its 200 day moving average is $134.74. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The company had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 EPS. Sell-side analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current year.

Insiders Place Their Bets

In other Qualys news, Director Jeffrey P. Hank sold 4,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $146.31, for a total value of $585,240.00. Following the sale, the director now owns 12,666 shares of the company’s stock, valued at $1,853,162.46. This trade represents a 24.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the firm’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 completion of the sale, the insider now directly owns 55,618 shares in the company, valued at approximately $6,885,508.40. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,919 shares of company stock valued at $2,993,000 in the last quarter. 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.