Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 85.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,263 shares of the software maker's stock after selling 208,270 shares during the period. Millennium Management LLC owned 0.10% of Qualys worth $5,085,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in QLYS. Cubist Systematic Strategies LLC purchased a new position in Qualys in the fourth quarter worth approximately $27,086,000. Vanguard Group Inc. raised its stake in shares of Qualys by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock valued at $604,721,000 after acquiring an additional 131,339 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of Qualys by 13.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker's stock valued at $147,178,000 after acquiring an additional 123,530 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Qualys by 37.5% in the fourth 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, Raymond James Financial Inc. purchased a new position in Qualys in the fourth quarter valued at $15,937,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Qualys

In other news, insider Bruce K. Posey sold 524 shares of Qualys stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the sale, the insider now directly owns 65,053 shares in the company, valued at approximately $8,416,557.14. This trade represents a 0.80% 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 8,500 shares of Qualys stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $136.30, for a total transaction of $1,158,550.00. Following the sale, the chief executive officer now owns 237,962 shares of the company's stock, valued at approximately $32,434,220.60. The trade was a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,627 shares of company stock worth $3,062,802 over the last 90 days. Company insiders own 0.88% of the company's stock.

Qualys Trading Up 1.6%

Shares of NASDAQ QLYS traded up $2.16 during midday trading on Monday, reaching $140.71. 299,664 shares of the company were exchanged, compared to its average volume of 381,171. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The stock has a fifty day simple moving average of $128.40 and a 200 day simple moving average of $136.12. The stock has a market cap of $5.11 billion, a P/E ratio of 30.26 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.21. The firm had revenue of $159.90 million during the quarter, compared to the consensus estimate of $157.05 million. Qualys had a net margin of 28.59% and a return on equity of 38.52%. The firm's revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share. As a group, analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Canaccord Genuity Group dropped their target price on Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Morgan Stanley dropped their target price on Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Finally, Northland Securities reaffirmed a "market perform" rating and set a $146.00 price objective (down previously from $150.00) on shares of Qualys in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $137.50.

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.