Norris Perne & French LLP MI Cuts Holdings in Qualys, Inc. (NASDAQ:QLYS)

Norris Perne & French LLP MI lessened its stake in Qualys, Inc. (NASDAQ:QLYS) by 24.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,961 shares of the software maker’s stock after selling 34,221 shares during the period. Norris Perne & French LLP MI owned approximately 0.29% of Qualys worth $17,849,000 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 stock. Rise Advisors LLC purchased a new stake in shares of Qualys in the 1st quarter valued at $26,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Qualys in the 4th quarter valued at $30,000. Sound Income Strategies LLC boosted its stake in shares of Qualys by 545.2% in the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after purchasing an additional 169 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Qualys by 218.2% in the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock valued at $41,000 after purchasing an additional 144 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Qualys by 24.9% during the 4th quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock valued at $57,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Stock Performance

Shares of Qualys stock traded up $0.32 during trading on Friday, hitting $142.60. The company’s stock had a trading volume of 469,603 shares, compared to its average volume of 434,381. The company has a fifty day simple moving average of $147.93 and a two-hundred day simple moving average of $167.81. The company has a market capitalization of $5.27 billion, a PE ratio of 33.01 and a beta of 0.47. Qualys, Inc. has a 52 week low of $122.53 and a 52 week high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.17. The company had revenue of $145.81 million during the quarter, compared to analyst estimates of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. As a group, analysts predict that Qualys, Inc. will post 3.42 EPS for the current year.

Analyst Upgrades and Downgrades

QLYS has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on shares of Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a report on Friday, June 21st. TD Cowen initiated coverage on shares of Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price target for the company. Robert W. Baird lowered their price target on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Qualys in a report on Monday, May 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $162.23.

Insider Activity at Qualys

In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $135.56, for a total transaction of $83,504.96. Following the sale, the chief financial officer now directly owns 92,580 shares of the company’s stock, valued at approximately $12,550,144.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $135.56, for a total transaction of $83,504.96. Following the sale, the chief financial officer now directly owns 92,580 shares of the company’s stock, valued at approximately $12,550,144.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $135.14, for a total transaction of $179,736.20. Following the sale, the insider now directly owns 59,286 shares in the company, valued at approximately $8,011,910.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,443 shares of company stock valued at $4,148,987. 1.00% of the stock is owned by insiders.

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.