First Hawaiian Bank Reduces Holdings in Qualys, Inc. (NASDAQ:QLYS)

First Hawaiian Bank cut its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 74.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,540 shares of the software maker's stock after selling 10,494 shares during the quarter. First Hawaiian Bank's holdings in Qualys were worth $446,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in 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 purchasing an additional 131,339 shares during the last quarter. Geode Capital Management LLC raised its position in Qualys by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,262,931 shares of the software maker's stock valued at $178,445,000 after purchasing an additional 16,369 shares during the last quarter. Boston Trust Walden Corp raised its position in 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 purchasing an additional 123,530 shares during the last quarter. Legal & General Group Plc raised its position in Qualys by 10.2% in the fourth quarter. Legal & General Group Plc now owns 954,583 shares of the software maker's stock valued at $133,852,000 after purchasing an additional 88,347 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Qualys by 4.4% in the fourth quarter. First Trust Advisors LP now owns 920,163 shares of the software maker's stock valued at $129,025,000 after purchasing an additional 38,880 shares during the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Trading Down 3.2%

QLYS stock traded down $4.52 during mid-day trading on Wednesday, reaching $138.04. The company's stock had a trading volume of 154,536 shares, compared to its average volume of 341,740. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $170.00. The business's 50 day moving average price is $128.65 and its 200 day moving average price is $136.16. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 29.69 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $157.05 million. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The company's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share. As a group, equities analysts expect that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 540 shares of Qualys stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $117.86, for a total transaction of $63,644.40. Following the transaction, the insider now owns 64,513 shares of the company's stock, valued at $7,603,502.18. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey P. Hank sold 4,000 shares of Qualys stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $128.93, for a total value of $515,720.00. Following the transaction, the director now directly owns 12,666 shares in the company, valued at approximately $1,633,027.38. The trade was a 24.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,627 shares of company stock valued at $3,062,802 over the last 90 days. Insiders own 0.88% of the company's stock.

Wall Street Analyst Weigh In

QLYS has been the subject of several research reports. Jefferies Financial Group dropped their target price on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Wall Street Zen upgraded Qualys from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Loop Capital lowered their price objective on Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, February 7th. Needham & Company LLC restated a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Finally, Scotiabank set a $142.00 price objective on Qualys and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $137.50.

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.