Qualys, Inc. (NASDAQ:QLYS) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 74.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,540 shares of the software maker’s stock after selling 10,494 shares during the quarter. First Hawaiian Bank’s holdings in Qualys were worth $446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QLYS. Charles Schwab Investment Management Inc. increased its stake in shares of 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 acquiring an additional 3,848 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Qualys during the fourth quarter valued at approximately $15,937,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 acquiring an additional 933 shares during the period. Trust Point Inc. acquired a new position in shares of Qualys during the fourth quarter valued at approximately $376,000. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Qualys by 26.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker’s stock valued at $596,000 after acquiring an additional 902 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $123.81, for a total value of $866,670.00. Following the transaction, the chief executive officer now directly owns 246,313 shares of the company’s stock, valued at $30,496,012.53. This represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce K. Posey sold 524 shares of the stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 15,127 shares of company stock valued at $1,904,252 over the last ninety days. 0.88% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on QLYS. Royal Bank of Canada raised their price objective on shares of Qualys from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. Morgan Stanley reduced their target price on shares of Qualys from $120.00 to $90.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Northland Securities restated a “market perform” rating and set a $146.00 target price (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Canaccord Genuity Group reduced their target price on shares of Qualys from $163.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Qualys from $122.00 to $117.00 and set an “underweight” rating for the company in a report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $137.50.

Qualys Trading Up 0.7%

NASDAQ QLYS opened at $138.21 on Monday. The firm’s fifty day moving average price is $128.17 and its two-hundred day moving average price is $136.15. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The firm has a market capitalization of $5.02 billion, a P/E ratio of 29.72 and a beta of 0.61.

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

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.