Blair William & Co. IL Has $5.39 Million Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Key Points

• Blair William & Co. IL reduced its holdings in Qualys, Inc. by 28.8%, bringing its total to 42,823 shares valued at approximately $5.39 million.
• Various other institutional investors have increased their stakes in Qualys, with SBI Securities Co. Ltd. boosting its holdings by 82.7% and Quadrant Capital Group LLC increasing by 88.1% in the first quarter.
• The recent earnings report showed that Qualys reported an EPS of $1.68, exceeding expectations, and experienced a 10.3% revenue growth year-over-year.

Blair William & Co. IL reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,823 shares of the software maker's stock after selling 17,315 shares during the period. Blair William & Co. IL owned about 0.12% of Qualys worth $5,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its position 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 worth $46,000 after purchasing an additional 167 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Qualys by 88.1% during the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after buying an additional 156 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Qualys during the 4th quarter worth approximately $54,000. Manchester Capital Management LLC grew its position in shares of Qualys by 52.4% in the 1st quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock worth $55,000 after acquiring an additional 150 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Qualys by 27.9% in the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock valued at $63,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Insider Transactions at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 12,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $149.25, for a total value of $1,791,000.00. Following the sale, the chief executive officer directly owned 217,962 shares in the company, valued at approximately $32,530,828.50. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 541 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $140.11, for a total transaction of $75,799.51. Following the transaction, the insider owned 60,643 shares of the company's stock, valued at approximately $8,496,690.73. This trade represents a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,598 shares of company stock valued at $6,019,818 in the last quarter. Company insiders own 0.88% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on QLYS shares. Morgan Stanley raised their price objective on Qualys from $90.00 to $97.00 and gave the stock an "underweight" rating in a research note on Wednesday. Royal Bank Of Canada raised their price target 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. JPMorgan Chase & Co. lowered their price objective on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Wall Street Zen raised shares of Qualys from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Finally, Canaccord Genuity Group decreased their target price on Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $141.00.

Qualys Trading Down 0.1%

QLYS traded down $0.17 on Friday, reaching $128.46. The company had a trading volume of 310,792 shares, compared to its average volume of 340,163. The company has a market capitalization of $4.67 billion, a P/E ratio of 25.64 and a beta of 0.56. The company has a fifty day moving average of $139.41 and a 200-day moving average of $134.37. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The business had revenue of $164.06 million during the quarter, compared to analysts' expectations of $161.25 million. During the same period last year, the firm posted $1.52 earnings per share. The business's revenue was up 10.3% on a year-over-year basis. Research analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

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.