Kestra Investment Management LLC Has $238,000 Stake in Qualys, Inc. $QLYS

Key Points

• Kestra Investment Management LLC significantly reduced its stake in Qualys, Inc. by 51.2%, selling 2,008 shares and leaving it with 1,911 shares valued at approximately $238,000.
• Insider transactions included CEO Sumedh S. Thakar selling 8,500 shares for over $1.1 million, reducing his ownership by 3.93%, while Director Kristi Marie Rogers sold 1,700 shares, decreasing her stake by 16.51%.
• Wall Street analysts have mixed ratings on Qualys, with price targets ranging from $90 to $150, and an average rating of "Hold" with a target price of $141.00.

Kestra Investment Management LLC lowered its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 51.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,911 shares of the software maker's stock after selling 2,008 shares during the quarter. Kestra Investment Management LLC's holdings in Qualys were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AQR Capital Management LLC raised its holdings in shares of Qualys by 96.8% during the 1st quarter. AQR Capital Management LLC now owns 688,776 shares of the software maker's stock valued at $85,394,000 after purchasing an additional 338,702 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Qualys by 53.3% during the 1st quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker's stock valued at $62,849,000 after purchasing an additional 173,512 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Qualys by 6.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 449,650 shares of the software maker's stock valued at $56,628,000 after purchasing an additional 26,074 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Qualys by 2.8% during the 1st quarter. Invesco Ltd. now owns 415,582 shares of the software maker's stock valued at $52,334,000 after purchasing an additional 11,481 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Qualys by 35.5% during the 4th quarter. Bank of America Corp DE now owns 296,438 shares of the software maker's stock valued at $41,567,000 after purchasing an additional 77,663 shares in the last quarter. Institutional investors own 99.31% of the company's stock.

Insider Buying and Selling at Qualys

In other news, Director Kristi Marie Rogers sold 1,700 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $134.70, for a total transaction of $228,990.00. Following the completion of the transaction, the director directly owned 8,596 shares of the company's stock, valued at approximately $1,157,881.20. This trade represents a 16.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumedh S. Thakar sold 12,000 shares of Qualys stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $149.25, for a total transaction of $1,791,000.00. Following the transaction, the chief executive officer directly owned 217,962 shares of the company's stock, valued at $32,530,828.50. This represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,065 shares of company stock valued at $5,976,093 over the last quarter. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Qualys from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Morgan Stanley raised their target price on shares of Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. UBS Group raised their target price on shares of Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Jefferies Financial Group raised their target price on shares of Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Qualys to a "strong-buy" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.00.

Qualys Stock Down 0.8%

NASDAQ QLYS traded down $1.12 during midday trading on Monday, hitting $132.34. The company had a trading volume of 93,321 shares, compared to its average volume of 331,707. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 26.40 and a beta of 0.65. The firm has a fifty day simple moving average of $135.18 and a two-hundred day simple moving average of $132.94. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.21. The company had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The business's quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. As a group, equities analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current year.

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.