Qualys, Inc. $QLYS Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,645 shares of the software maker's stock after selling 65,233 shares during the period. Bank of America Corp DE owned about 0.59% of Qualys worth $18,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QLYS. Root Financial Partners LLC increased its holdings in Qualys by 206.2% during the 1st quarter. Root Financial Partners LLC now owns 297 shares of the software maker's stock worth $26,000 after purchasing an additional 200 shares during the period. Strive Financial Group LLC purchased a new position in shares of Qualys in the 4th quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Qualys by 204.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock worth $28,000 after buying an additional 143 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Qualys during the fourth quarter worth about $43,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Qualys by 37,400.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 375 shares of the software maker's stock worth $50,000 after buying an additional 374 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $186.68 on Thursday. The company's fifty day moving average price is $148.18 and its 200 day moving average price is $115.16. Qualys, Inc. has a 12 month low of $74.51 and a 12 month high of $201.54. The firm has a market capitalization of $6.46 billion, a P/E ratio of 32.30 and a beta of 0.60.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. Qualys had a net margin of 29.38% and a return on equity of 37.52%. The company had revenue of $182.18 million during the quarter, compared to the consensus estimate of $178.57 million. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Qualys's revenue for the quarter was up 11.1% on a year-over-year basis. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. On average, sell-side analysts anticipate that Qualys, Inc. will post 5.85 EPS for the current year.

Wall Street Analyst Weigh In

QLYS has been the subject of a number of recent research reports. Scotiabank lifted their price target on shares of Qualys from $190.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Morgan Stanley increased their price objective on shares of Qualys from $115.00 to $130.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Northland Securities set a $208.00 price objective on shares of Qualys in a research report on Wednesday, August 5th. Robert W. Baird set a $160.00 target price on shares of Qualys in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised Qualys from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $170.53.

Insider Transactions at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,000 shares of Qualys stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $155.00, for a total transaction of $155,000.00. Following the transaction, the insider owned 63,571 shares of the company's stock, valued at $9,853,505. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Thomas Berquist sold 939 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $110.75, for a total value of $103,994.25. Following the completion of the sale, the director owned 6,781 shares of the company's stock, valued at approximately $750,995.75. This represents a 12.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 71,979 shares of company stock worth $9,217,993. 0.72% of the stock is owned by corporate insiders.

Qualys Company Profile

Qualys, Inc NASDAQ: QLYS is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company's flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source