Qualys, Inc. (NASDAQ:QLYS) Stake Reduced by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. significantly reduced its stake in Qualys, Inc. by 86.5%, leaving it with 849 shares valued at approximately $107,000.
• Qualys reported an EPS of $1.67 for the latest quarter, exceeding analyst expectations, with revenues reaching $159.90 million, a 9.7% increase from the previous year.
• Analysts have mixed ratings on Qualys, with price target adjustments: Morgan Stanley set a target of $90.00, while Scotiabank's target is $142.00.

Pacer Advisors Inc. cut its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 86.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 849 shares of the software maker's stock after selling 5,457 shares during the quarter. Pacer Advisors Inc.'s holdings in Qualys were worth $107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in Qualys during the 4th quarter valued at about $27,086,000. Penserra Capital Management LLC grew its stake in 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 acquiring an additional 173,512 shares in the last quarter. GAMMA Investing LLC grew its stake in Qualys by 43,505.0% during the 1st quarter. GAMMA Investing LLC now owns 122,530 shares of the software maker's stock valued at $15,430,000 after acquiring an additional 122,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Qualys by 37.5% during the 4th 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. bought a new stake in shares of Qualys in the 4th quarter valued at approximately $15,937,000. 99.31% of the stock is currently owned by institutional investors.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $130.53 on Friday. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The company has a market cap of $4.74 billion, a PE ratio of 26.69 and a beta of 0.56. The stock's 50-day moving average is $140.01 and its 200 day moving average is $134.58.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.21. The firm had revenue of $159.90 million for the quarter, compared to analysts' expectations of $157.05 million. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. Analysts expect that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 541 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $140.11, for a total value of $75,799.51. Following the completion of the transaction, the insider owned 60,643 shares of the company's stock, valued at approximately $8,496,690.73. This trade represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wendy Pfeiffer sold 200 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $139.45, for a total transaction of $27,890.00. Following the completion of the sale, the director directly owned 11,282 shares of the company's stock, valued at approximately $1,573,274.90. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,598 shares of company stock worth $6,529,928 over the last three months. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley lowered their price target on Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Scotiabank set a $142.00 target price on Qualys and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group decreased their target price on Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wedbush decreased their target price on Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their target price on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Three equities research 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's stock. Based on data from MarketBeat.com, the company 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.

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