Envestnet Portfolio Solutions Inc. Sells 3,695 Shares of Qualys, Inc. (NASDAQ:QLYS)

Envestnet Portfolio Solutions Inc. cut its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 61.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,340 shares of the software maker's stock after selling 3,695 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Qualys were worth $295,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Qualys by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock worth $64,016,000 after acquiring an additional 3,848 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Qualys in the fourth quarter valued at about $15,937,000. Aurora Investment Counsel bought a new stake in shares of Qualys in the fourth quarter valued at about $2,243,000. Teacher Retirement System of Texas boosted its position in shares of Qualys by 151.2% during the fourth quarter. Teacher Retirement System of Texas now owns 17,258 shares of the software maker's stock worth $2,420,000 after buying an additional 10,387 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Qualys by 16.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,357 shares of the software maker's stock worth $14,072,000 after buying an additional 14,170 shares during the period. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Price Performance

QLYS opened at $141.03 on Monday. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 28.84 and a beta of 0.61. The company's 50 day moving average price is $134.82 and its two-hundred day moving average price is $134.36.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.21. The company had revenue of $159.90 million during the quarter, compared to analysts' expectations of $157.05 million. Qualys had a net margin of 29.19% and a return on equity of 38.05%. Qualys's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 earnings per share. As a group, equities research analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

Analysts Set New Price Targets

QLYS has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price objective on shares of Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Morgan Stanley reduced their price target on Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price target on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Wedbush dropped their price objective on Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Qualys from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $137.50.

Insider Transactions at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,358 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $124.87, for a total transaction of $169,573.46. Following the completion of the sale, the chief financial officer now owns 105,740 shares in the company, valued at approximately $13,203,753.80. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 525 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $137.85, for a total transaction of $72,371.25. Following the transaction, the insider now owns 61,709 shares in the company, valued at approximately $8,506,585.65. The trade was a 0.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,630 shares of company stock valued at $4,461,516 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Qualys Company 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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