Qualys, Inc. $QLYS Shares Sold by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group Inc. reduced its stake in Qualys, Inc. by 16.5%, holding 28,496 shares valued at approximately $3.59 million at the end of the recent reporting period.
• Several large investors increased their positions in Qualys, with Tandem Investment Advisors boosting their stake by 24.4%, bringing their holdings to 41,370 shares valued at $5.21 million.
• Qualys reported a 10.3% increase in quarterly revenue compared to the previous year, totaling $164.06 million, and its EPS was $1.68, exceeding analyst expectations.

Clark Capital Management Group Inc. reduced its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 16.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,496 shares of the software maker's stock after selling 5,621 shares during the period. Clark Capital Management Group Inc. owned about 0.08% of Qualys worth $3,589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of Qualys by 96.8% in the first quarter. AQR Capital Management LLC now owns 688,776 shares of the software maker's stock valued at $85,394,000 after buying an additional 338,702 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of Qualys by 53.3% in the 1st quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker's stock worth $62,849,000 after buying an additional 173,512 shares in the last quarter. GAMMA Investing LLC grew its stake in Qualys by 43,505.0% in the 1st quarter. GAMMA Investing LLC now owns 122,530 shares of the software maker's stock valued at $15,430,000 after acquiring an additional 122,249 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Qualys by 37.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 423,576 shares of the software maker's stock valued at $59,393,000 after acquiring an additional 115,427 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Qualys during the first quarter worth about $13,291,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Qualys from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Wedbush increased their target price on Qualys from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. DA Davidson raised their price target on Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Scotiabank boosted their price target on Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. Finally, Zacks Research raised Qualys to a "strong-buy" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $141.00.

Insider Buying and Selling

In related news, CEO Sumedh S. Thakar sold 8,500 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $129.95, for a total value of $1,104,575.00. Following the sale, the chief executive officer directly owned 207,920 shares of the company's stock, valued at approximately $27,019,204. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Zangardi sold 3,103 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $134.94, for a total transaction of $418,718.82. Following the completion of the sale, the director owned 4,071 shares of the company's stock, 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. Insiders have sold 52,222 shares of company stock worth $7,252,957 over the last ninety days. Insiders own 0.88% of the company's stock.

Qualys Price Performance

QLYS traded up $4.12 during trading on Thursday, hitting $135.65. The company's stock had a trading volume of 246,417 shares, compared to its average volume of 280,472. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00. The stock has a market cap of $4.90 billion, a PE ratio of 27.08 and a beta of 0.65. The firm's 50 day moving average price is $135.53 and its 200-day moving average price is $132.93.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.21. The business had revenue of $164.06 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. Equities analysts anticipate that Qualys, Inc. will post 3.85 earnings per share 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.