Qualys, Inc. (NASDAQ:QLYS) Director Sells $515,720.00 in Stock

Qualys, Inc. (NASDAQ:QLYS) Director Jeffrey P. Hank sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $128.93, for a total transaction of $515,720.00. Following the sale, the director now owns 12,666 shares of the company’s stock, valued at approximately $1,633,027.38. This represents a 24.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Qualys Price Performance

Shares of QLYS stock opened at $132.31 on Friday. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The stock has a fifty day moving average price of $125.57 and a 200 day moving average price of $135.96. The stock has a market cap of $4.81 billion, a P/E ratio of 28.45 and a beta of 0.61.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.21. Qualys had a net margin of 28.59% and a return on equity of 38.52%. The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.05 million. During the same period in the previous year, the business earned $1.45 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on QLYS shares. Wedbush cut their price target on Qualys from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a report on Monday, February 10th. Royal Bank of Canada boosted their target price on Qualys from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday. Northland Securities reiterated a “market perform” rating and set a $146.00 price target (down previously from $150.00) on shares of Qualys in a report on Monday, February 10th. Finally, Loop Capital reduced their price objective 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. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $137.50.

Hedge Funds Weigh In On Qualys

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Qualys by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock valued at $604,721,000 after acquiring an additional 131,339 shares during the period. Geode Capital Management LLC grew its holdings in shares of Qualys by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,262,931 shares of the software maker’s stock worth $178,445,000 after purchasing an additional 16,369 shares during the last quarter. Boston Trust Walden Corp increased its position in shares of Qualys by 13.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock worth $147,178,000 after purchasing an additional 123,530 shares in the last quarter. Legal & General Group Plc lifted its holdings in Qualys by 10.2% during the 4th quarter. Legal & General Group Plc now owns 954,583 shares of the software maker’s stock valued at $133,852,000 after purchasing an additional 88,347 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Qualys by 4.4% in the fourth quarter. First Trust Advisors LP now owns 920,163 shares of the software maker’s stock valued at $129,025,000 after buying an additional 38,880 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

About Qualys

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.