Alapocas Investment Partners Inc. Cuts Stock Holdings in Qualys, Inc. $QLYS

Key Points

• Alapocas Investment Partners Inc. reduced its stake in Qualys, Inc. by 3.9%, now holding 51,156 shares valued at approximately $7.3 million.
• A number of institutional investors, including SBI Securities and Manchester Capital Management, significantly increased their holdings in Qualys during the first half of 2023.
• Qualys reported earnings of $1.68 per share, surpassing analysts' expectations, and it has projected guidance for the fiscal year 2025 at 6.200-6.500 EPS.

Alapocas Investment Partners Inc. decreased its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,156 shares of the software maker's stock after selling 2,089 shares during the quarter. Qualys accounts for 4.7% of Alapocas Investment Partners Inc.'s portfolio, making the stock its 11th largest position. Alapocas Investment Partners Inc. owned about 0.14% of Qualys worth $7,309,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in QLYS. SBI Securities Co. Ltd. grew its holdings in shares of Qualys by 82.7% during the first quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock valued at $46,000 after buying an additional 167 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Qualys by 52.4% in the first quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock worth $55,000 after purchasing an additional 150 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Qualys by 82.0% in the second quarter. Parallel Advisors LLC now owns 484 shares of the software maker's stock worth $69,000 after purchasing an additional 218 shares during the last quarter. Quarry LP boosted its holdings in Qualys by 154.9% in the first quarter. Quarry LP now owns 576 shares of the software maker's stock worth $73,000 after purchasing an additional 350 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Qualys by 96.4% in the first quarter. Signaturefd LLC now owns 601 shares of the software maker's stock worth $76,000 after purchasing an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Insider Activity

In related news, Director John A. Zangardi sold 3,860 shares of Qualys stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $134.82, for a total transaction of $520,405.20. Following the transaction, the director owned 7,174 shares in the company, valued at approximately $967,198.68. The trade was a 34.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joo Mi Kim sold 1,018 shares of Qualys stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $132.26, for a total transaction of $134,640.68. Following the completion of the sale, the chief financial officer owned 94,468 shares in the company, valued at approximately $12,494,337.68. This represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,824 shares of company stock worth $5,094,254 in the last quarter. Corporate insiders own 0.88% of the company's stock.

Qualys Stock Performance

QLYS opened at $127.63 on Tuesday. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00. The firm's fifty day moving average is $132.28 and its 200 day moving average is $133.63. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 25.48 and a beta of 0.62.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company had revenue of $164.06 million for the quarter, compared to analysts' expectations of $161.25 million. During the same quarter in the previous year, the company earned $1.52 EPS. Qualys's revenue for the quarter was up 10.3% on a year-over-year basis. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. On average, equities research analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on QLYS. Wall Street Zen cut shares of Qualys from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. UBS Group raised their target price on shares of Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Zacks Research cut shares of Qualys from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Wedbush raised their target price on shares of Qualys from $145.00 to $155.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, Jefferies Financial Group raised their target price on shares of Qualys from $140.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $141.00.

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.

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