Stephens Investment Management Group LLC Cuts Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Stephens Investment Management Group LLC trimmed its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 14.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 57,075 shares of the software maker’s stock after selling 10,027 shares during the period. Stephens Investment Management Group LLC’s holdings in Qualys were worth $7,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in QLYS. First Horizon Advisors Inc. increased its holdings in Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after acquiring an additional 168 shares in the last quarter. UMB Bank n.a. increased its holdings in Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after acquiring an additional 143 shares in the last quarter. Quarry LP purchased a new stake in Qualys in the 2nd quarter worth $40,000. DT Investment Partners LLC purchased a new stake in Qualys in the 2nd quarter worth $41,000. Finally, Exchange Traded Concepts LLC increased its holdings in Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after acquiring an additional 223 shares in the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Trading Up 0.9 %

Shares of QLYS stock opened at $120.34 on Friday. The company’s 50-day moving average price is $124.29 and its 200-day moving average price is $137.34. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 26.51 and a beta of 0.46. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.20. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. Qualys’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. As a group, equities research analysts predict that Qualys, Inc. will post 3.94 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on QLYS shares. Westpark Capital reissued a “hold” rating on shares of Qualys in a report on Monday, August 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Morgan Stanley lowered their target price on shares of Qualys from $136.00 to $123.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group initiated coverage on shares of Qualys in a research note on Wednesday, October 16th. They set a “hold” rating and a $135.00 target price on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $144.23.

Insider Activity at Qualys

In related news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Qualys news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at $10,695,599.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the sale, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,535 shares of company stock worth $1,442,641. Company insiders own 1.00% of the company’s stock.

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.