Qualys, Inc. (NASDAQ:QLYS) Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its position in Qualys, Inc. by 45.5%, now holding 9,667 shares valued at approximately $1.2 million.
• Qualys reported earnings of $1.68 per share, exceeding expectations, along with a revenue increase of 10.3% year-over-year.
• Institutional ownership is strong, with 99.31% of shares held by institutional investors and hedge funds.

US Bancorp DE trimmed its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 45.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,667 shares of the software maker's stock after selling 8,065 shares during the period. US Bancorp DE's holdings in Qualys were worth $1,217,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of Qualys by 2.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 168,015 shares of the software maker's stock worth $23,559,000 after buying an additional 4,282 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Qualys by 88.1% during the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock worth $47,000 after buying an additional 156 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Qualys by 3.3% during the fourth quarter. Bank of Montreal Can now owns 5,175 shares of the software maker's stock worth $726,000 after buying an additional 166 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Qualys by 10.2% during 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, Shelton Capital Management bought a new stake in shares of Qualys during the fourth quarter valued at approximately $205,000. 99.31% of the stock is currently owned by institutional investors.

Qualys Stock Up 2.2%

Shares of NASDAQ QLYS traded up $2.87 during trading on Wednesday, reaching $132.32. 74,557 shares of the company traded hands, compared to its average volume of 338,048. The firm has a 50 day simple moving average of $138.89 and a 200-day simple moving average of $134.13. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $170.00. The stock has a market capitalization of $4.78 billion, a PE ratio of 26.40 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.21. The firm had revenue of $164.06 million during 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%. Qualys's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. As a group, research analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on QLYS. DA Davidson increased their price target on shares of Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Morgan Stanley raised their price objective 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. Canaccord Genuity Group lowered their price objective on shares of Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Jefferies Financial Group boosted their price objective on shares of Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Finally, Scotiabank increased their price target on shares of Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $141.00.

Insider Transactions at Qualys

In other Qualys news, Director Jeffrey P. Hank sold 657 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $139.07, for a total value of $91,368.99. Following the completion of the transaction, the director directly owned 13,888 shares of the company's stock, valued at approximately $1,931,404.16. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wendy Pfeiffer sold 200 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $139.45, for a total value of $27,890.00. Following the completion of the transaction, the director directly owned 11,282 shares of the company's stock, valued at $1,573,274.90. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,598 shares of company stock valued at $6,019,818 over the last quarter. Company insiders own 1.00% of the company's stock.

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.