Assenagon Asset Management S.A. Sells 44,793 Shares of Qualys, Inc. $QLYS

Key Points

• Assenagon Asset Management S.A. has significantly reduced its stake in Qualys, Inc. by 62.6%, selling 44,793 shares and now owning 26,723 shares, valued at approximately $3.8 million.
• Insider transactions included Bruce K. Posey selling 525 shares for about $71,495 and John A. Zangardi selling 3,103 shares for around $418,719, indicating notable insider selling activity.
• Qualys reported strong earnings with an EPS of $1.68, exceeding analysts' expectations, and has updated its FY 2025 guidance to a range of 6.200-6.5 EPS.

Assenagon Asset Management S.A. reduced its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 62.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,723 shares of the software maker's stock after selling 44,793 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of Qualys worth $3,818,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP acquired a new stake in Qualys in the 4th quarter valued at about $213,000. Tidal Investments LLC boosted its stake in Qualys by 63.0% in the 4th quarter. Tidal Investments LLC now owns 4,030 shares of the software maker's stock valued at $565,000 after purchasing an additional 1,558 shares during the period. Jefferies Financial Group Inc. acquired a new position in Qualys in the 4th quarter valued at $273,000. Wealth Enhancement Advisory Services LLC increased its position in Qualys by 31.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,110 shares of the software maker's stock worth $436,000 after buying an additional 746 shares during the period. Finally, 111 Capital acquired a new position in shares of Qualys during the 4th quarter worth approximately $299,000. Institutional investors own 99.31% of the company's stock.

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 525 shares of the business's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $136.18, for a total transaction of $71,494.50. Following the sale, the insider directly owned 57,315 shares in the company, valued at approximately $7,805,156.70. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John A. Zangardi sold 3,103 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $134.94, for a total transaction of $418,718.82. Following the completion of the sale, the director directly owned 4,071 shares in the company, valued at approximately $549,340.74. The trade was a 43.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,565 shares of company stock valued at $7,102,374. Insiders own 0.88% of the company's stock.

Qualys Stock Up 0.9%

Shares of NASDAQ QLYS opened at $136.15 on Thursday. The company has a market capitalization of $4.92 billion, a PE ratio of 27.18 and a beta of 0.65. The stock's 50 day moving average price is $134.02 and its 200-day moving average price is $133.15. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00.

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

Analyst Ratings Changes

A number of research analysts recently commented on QLYS shares. Zacks Research raised Qualys to a "strong-buy" rating in a research note on Monday, August 11th. Morgan Stanley increased their target price on Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Wedbush boosted their price objective on shares of Qualys from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. DA Davidson raised their price target on shares of Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Scotiabank upped their target price on Qualys from $142.00 to $150.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Qualys has an average rating of "Hold" and a consensus target price of $141.00.

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.

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