Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Envestnet Portfolio Solutions Inc.

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

Other large investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake 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 valued at $64,016,000 after buying an additional 3,848 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Qualys during the fourth quarter worth $15,937,000. Aurora Investment Counsel purchased a new stake in shares of Qualys during the fourth quarter valued at $2,243,000. Teacher Retirement System of Texas boosted its stake 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 valued at $2,420,000 after purchasing an additional 10,387 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Qualys by 16.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,357 shares of the software maker's stock valued at $14,072,000 after buying an additional 14,170 shares in the last quarter. Institutional investors own 99.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group dropped their target price on shares of Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Morgan Stanley dropped their price objective on Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen upgraded Qualys from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Canaccord Genuity Group lowered their target price on Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $137.50.

Qualys Stock Up 5.0%

Shares of NASDAQ QLYS traded up $7.23 during trading hours on Thursday, hitting $151.21. 361,910 shares of the stock were exchanged, compared to its average volume of 338,753. The company has a market cap of $5.49 billion, a PE ratio of 30.92 and a beta of 0.62. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $170.00. The firm has a fifty day moving average price of $136.28 and a 200-day moving average price of $134.47.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.21. The business had revenue of $159.90 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. As a group, equities analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Qualys news, CEO Sumedh S. Thakar sold 8,500 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $139.47, for a total transaction of $1,185,495.00. Following the sale, the chief executive officer owned 229,962 shares of the company's stock, valued at approximately $32,072,800.14. The trade was a 3.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey P. Hank sold 657 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $139.07, for a total transaction of $91,368.99. Following the transaction, the director owned 13,888 shares in the company, valued at $1,931,404.16. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,630 shares of company stock valued at $4,461,516. 0.88% of the stock is owned by corporate insiders.

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.