Congress Asset Management Co. Sells 262,516 Shares of Qualys, Inc. (NASDAQ:QLYS)

Congress Asset Management Co. trimmed its position in Qualys, Inc. (NASDAQ:QLYS) by 26.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 733,896 shares of the software maker’s stock after selling 262,516 shares during the period. Congress Asset Management Co.’s holdings in Qualys were worth $94,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of QLYS. BI Asset Management Fondsmaeglerselskab A S increased its position in Qualys by 96.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 30,656 shares of the software maker’s stock worth $5,116,000 after buying an additional 15,045 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Qualys by 36.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock worth $3,374,000 after purchasing an additional 5,508 shares in the last quarter. FORA Capital LLC acquired a new stake in Qualys in the 1st quarter worth approximately $1,956,000. SG Americas Securities LLC grew its holdings in shares of Qualys by 2,459.9% during the second quarter. SG Americas Securities LLC now owns 43,135 shares of the software maker’s stock valued at $6,151,000 after buying an additional 41,450 shares during the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in Qualys in the 1st quarter worth approximately $1,139,000. 99.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction on Monday, August 5th. The stock was sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the sale, the chief financial officer now directly owns 87,077 shares of the company’s stock, valued at approximately $11,662,222.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now owns 179,649 shares of the company’s stock, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joo Mi Kim sold 616 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $133.93, for a total transaction of $82,500.88. Following the completion of the sale, the chief financial officer now owns 87,077 shares in the company, valued at approximately $11,662,222.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,535 shares of company stock worth $1,442,641. 1.00% of the stock is owned by corporate insiders.

Qualys Stock Down 0.1 %

QLYS stock traded down $0.08 during mid-day trading on Thursday, reaching $120.65. 51,703 shares of the stock traded hands, compared to its average volume of 422,851. The business has a 50-day moving average of $124.36 and a two-hundred day moving average of $137.47. Qualys, Inc. has a 52 week low of $119.32 and a 52 week high of $206.35. The firm has a market capitalization of $4.44 billion, a PE ratio of 26.56 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. During the same period in the prior year, the firm posted $0.95 EPS. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on QLYS shares. Piper Sandler reduced their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada cut their target price on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Scotiabank cut their price objective on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Qualys has an average rating of “Hold” and an average price target of $144.23.

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.