Qualys, Inc. $QLYS Stake Decreased by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its holdings in Qualys, Inc. by 74.4% in Q1, now owning 8,797 shares valued at approximately $1.11 million.
• Qualys reported $1.68 earnings per share for the last quarter, surpassing the consensus estimate of $1.47, with revenue increasing by 10.3% year-over-year.
• Institutional investors now own 99.31% of Qualys' stock, with the consensus rating being "Hold" and a target price of $141.00 from analysts.

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 74.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,797 shares of the software maker's stock after selling 25,590 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Qualys were worth $1,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mariner LLC boosted its holdings in shares of Qualys by 12.7% during the fourth quarter. Mariner LLC now owns 5,129 shares of the software maker's stock worth $719,000 after purchasing an additional 577 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Qualys by 191.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,047 shares of the software maker's stock worth $567,000 after buying an additional 2,658 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in Qualys by 12.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 16,629 shares of the software maker's stock valued at $2,332,000 after buying an additional 1,834 shares during the period. MGO One Seven LLC increased its stake in shares of Qualys by 16.8% during the 4th quarter. MGO One Seven LLC now owns 2,249 shares of the software maker's stock valued at $315,000 after acquiring an additional 324 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Qualys by 54.2% during the 4th quarter. Voya Investment Management LLC now owns 283,838 shares of the software maker's stock worth $39,800,000 after acquiring an additional 99,799 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Price Performance

Qualys stock traded up $3.34 during midday trading on Wednesday, hitting $134.83. 211,051 shares of the stock were exchanged, compared to its average volume of 335,506. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The firm has a market cap of $4.87 billion, a P/E ratio of 26.86 and a beta of 0.56. The company has a 50 day moving average price of $137.15 and a two-hundred day moving average price of $133.36.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.21. The company had revenue of $164.06 million during the quarter, compared to analyst estimates of $161.25 million. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $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, analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. UBS Group upped their price objective on Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. DA Davidson upped their price objective on Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Morgan Stanley upped their price objective on Qualys from $90.00 to $97.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Finally, Scotiabank raised their price objective on Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $141.00.

Insider Activity at Qualys

In other Qualys news, Director John A. Zangardi sold 3,860 shares of the firm's 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 completion of the transaction, the director directly owned 7,174 shares of the company's stock, valued at $967,198.68. This trade represents a 34.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumedh S. Thakar sold 12,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $149.25, for a total transaction of $1,791,000.00. Following the sale, the chief executive officer owned 217,962 shares in the company, valued at approximately $32,530,828.50. This trade represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,620 shares of company stock valued at $7,997,283 in the last 90 days. 1.00% of the stock is currently owned by insiders.

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.