Congress Wealth Management LLC DE Cuts Stake in Qualys, Inc. (NASDAQ:QLYS)

Congress Wealth Management LLC DE decreased its position in Qualys, Inc. (NASDAQ:QLYS) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,330 shares of the software maker’s stock after selling 2,307 shares during the period. Congress Wealth Management LLC DE owned about 0.24% of Qualys worth $12,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Qualys in the fourth quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Qualys in the 4th quarter valued at approximately $39,000. Fifth Third Bancorp boosted its stake in shares of Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after buying an additional 99 shares in the last quarter. Quarry LP boosted its stake in shares of Qualys by 56.2% in the third quarter. Quarry LP now owns 439 shares of the software maker’s stock valued at $56,000 after buying an additional 158 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in Qualys during the fourth quarter worth $91,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Northland Securities reaffirmed a “market perform” rating and issued a $146.00 target price (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Monday, February 10th. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reduced their price objective on Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $146.14.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 524 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the sale, the insider now directly owns 65,053 shares in the company, valued at $8,416,557.14. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joo Mi Kim sold 1,635 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $138.64, for a total transaction of $226,676.40. Following the completion of the transaction, the chief financial officer now directly owns 112,017 shares in the company, valued at approximately $15,530,036.88. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,595 shares of company stock worth $3,691,922. 1.00% of the stock is owned by insiders.

Qualys Stock Performance

Shares of QLYS opened at $130.22 on Tuesday. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $174.20. The company’s 50 day simple moving average is $135.92 and its 200 day simple moving average is $136.28. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 28.00 and a beta of 0.56.

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

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.