Envestnet Asset Management Inc. Sells 40,046 Shares of Qualys, Inc. (NASDAQ:QLYS)

Envestnet Asset Management Inc. lessened its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 23.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 127,969 shares of the software maker's stock after selling 40,046 shares during the period. Envestnet Asset Management Inc. owned 0.35% of Qualys worth $16,115,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of QLYS. Quadrant Capital Group LLC raised its position in shares of Qualys by 88.1% during the 4th 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. purchased a new stake in Qualys in the 4th quarter worth about $54,000. Fifth Third Bancorp raised its position in Qualys by 27.9% in the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock worth $63,000 after purchasing an additional 109 shares during the period. Huntington National Bank increased its position in shares of Qualys by 15.6% during the fourth quarter. Huntington National Bank now owns 932 shares of the software maker's stock worth $131,000 after acquiring an additional 126 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Qualys by 246.3% during the first quarter. GAMMA Investing LLC now owns 973 shares of the software maker's stock worth $123,000 after acquiring an additional 692 shares during the period. Hedge funds and other institutional investors own 99.31% of the company's stock.

Insider Activity

In other Qualys news, Director Jeffrey P. Hank sold 657 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $139.07, for a total value of $91,368.99. Following the completion of the transaction, the director owned 13,888 shares of the company's stock, valued at $1,931,404.16. This represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce K. Posey sold 525 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $135.96, for a total value of $71,379.00. Following the completion of the transaction, the insider directly owned 61,184 shares of the company's stock, valued at approximately $8,318,576.64. The trade was a 0.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,057 shares of company stock worth $6,454,129. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

QLYS has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Scotiabank set a $142.00 target price on shares of Qualys and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Wedbush decreased their price objective on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Canaccord Genuity Group cut their target price on shares of Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada increased their price objective on shares of Qualys from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Three 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, Qualys presently has an average rating of "Hold" and an average price target of $137.50.

Qualys Stock Up 0.1%

QLYS stock traded up $0.20 during midday trading on Monday, reaching $139.51. The stock had a trading volume of 213,068 shares, compared to its average volume of 367,965. The business has a fifty day simple moving average of $139.86 and a two-hundred day simple moving average of $134.49. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 28.53 and a beta of 0.62. 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, May 6th. The software maker reported $1.67 EPS for the quarter, beating the consensus estimate of $1.46 by $0.21. The firm had revenue of $159.90 million for the quarter, compared to analysts' expectations of $157.05 million. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. On average, equities analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

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.