Summit Creek Advisors LLC Has $5.72 Million Holdings in Qualys, Inc. (NASDAQ:QLYS)

Summit Creek Advisors LLC cut its position in Qualys, Inc. (NASDAQ:QLYS) by 33.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,822 shares of the software maker’s stock after selling 20,510 shares during the quarter. Summit Creek Advisors LLC’s holdings in Qualys were worth $5,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock valued at $604,721,000 after buying an additional 131,339 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Qualys by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker’s stock valued at $160,957,000 after purchasing an additional 20,038 shares during the period. Boston Trust Walden Corp boosted its holdings in Qualys by 13.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock valued at $147,178,000 after purchasing an additional 123,530 shares during the period. CDAM UK Ltd boosted its holdings in Qualys by 8.3% in the 3rd quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock valued at $64,604,000 after purchasing an additional 38,509 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Qualys by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker’s stock valued at $64,016,000 after purchasing an additional 3,848 shares during the period. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Stock Down 0.7 %

Shares of Qualys stock opened at $127.92 on Monday. The stock has a market capitalization of $4.67 billion, a P/E ratio of 27.51 and a beta of 0.56. The company has a 50-day simple moving average of $135.99 and a 200 day simple moving average of $136.24. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $174.20.

Qualys (NASDAQ:QLYS) last announced its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, equities analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on QLYS. Scotiabank reduced their price target on shares of Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Morgan Stanley began coverage on shares of Qualys in a report on Tuesday, March 18th. They issued an “underweight” rating and a $120.00 price target for the company. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Canaccord Genuity Group reduced their price target on shares of Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $146.00 price objective (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $146.14.

Insider Buying and Selling at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,635 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $138.64, for a total value of $226,676.40. Following the completion of the sale, the chief financial officer now owns 112,017 shares in the company, valued at approximately $15,530,036.88. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares of the company’s stock, valued at $30,321,173.97. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,595 shares of company stock worth $3,691,922. 1.00% of the stock is currently owned by corporate insiders.

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.