Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC reduced its stake in Qualys, Inc. (NASDAQ:QLYS) by 33.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,822 shares of the software maker’s stock after selling 20,510 shares during the period. Summit Creek Advisors LLC owned 0.11% of Qualys worth $5,724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in QLYS. Intech Investment Management LLC lifted its stake in Qualys by 428.9% during the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock valued at $2,345,000 after purchasing an additional 14,804 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Qualys by 0.9% during the fourth 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 last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Qualys by 13.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker’s stock valued at $1,095,000 after purchasing an additional 933 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Qualys by 6.8% during the third quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker’s stock valued at $8,134,000 after purchasing an additional 4,040 shares during the last quarter. Finally, Trust Point Inc. acquired a new stake in Qualys during the fourth quarter valued at approximately $376,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the transaction, the chief executive officer now owns 225,453 shares in the company, valued at $30,321,173.97. This represents a 3.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 1,635 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $138.64, for a total transaction of $226,676.40. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 26,595 shares of company stock worth $3,691,922 in the last 90 days. 1.00% of the stock is owned by insiders.

Qualys Stock Performance

Qualys stock opened at $127.92 on Monday. The firm has a market cap of $4.67 billion, a PE ratio of 27.51 and a beta of 0.56. The firm’s 50 day moving average price is $135.99 and its two-hundred day moving average price is $136.24. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $174.20.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Loop Capital cut their target price on shares of Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, February 7th. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Monday, February 10th. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada reduced their price target on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Finally, Morgan Stanley started coverage on shares of Qualys in a research report on Tuesday, March 18th. They issued an “underweight” rating and a $120.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $146.14.

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.