First Hawaiian Bank Trims Stake in Qualys, Inc. $QLYS

Key Points

• First Hawaiian Bank significantly reduced its stake in Qualys, Inc. by 74.8%, owning only 3,540 shares after selling 10,494 shares in the first quarter.
• AQR Capital Management LLC and UBS AM both increased their stakes in Qualys by over 90%, indicating strong interest from institutional investors.
• Despite recent insider sales, analysts have a generally positive outlook for Qualys with fluctuating price target adjustments, maintaining an average rating of "Hold".

First Hawaiian Bank reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 74.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its position in shares of Qualys by 82.7% during the first quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock worth $46,000 after acquiring an additional 167 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Qualys by 52.4% during the first quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock valued at $55,000 after acquiring an additional 150 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Qualys by 27.9% during the first quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock valued at $63,000 after acquiring an additional 109 shares in the last quarter. Quarry LP grew its holdings in Qualys by 154.9% during the first quarter. Quarry LP now owns 576 shares of the software maker's stock worth $73,000 after buying an additional 350 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Qualys by 96.4% during the first quarter. Signaturefd LLC now owns 601 shares of the software maker's stock worth $76,000 after buying an additional 295 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Stock Performance

NASDAQ QLYS traded down $0.22 during trading on Friday, reaching $135.56. The company's stock had a trading volume of 931,562 shares, compared to its average volume of 288,165. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 27.06 and a beta of 0.65. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $170.00. The business's fifty day moving average price is $134.18 and its 200-day moving average price is $133.02.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. During the same period in the prior year, the business posted $1.52 earnings per share. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. As a group, sell-side analysts forecast that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on QLYS. Wall Street Zen lowered Qualys from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Jefferies Financial Group upped their price target on Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Zacks Research raised Qualys to a "strong-buy" rating in a research report on Monday, August 11th. DA Davidson increased their target price on Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Finally, UBS Group raised their price target on Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Qualys presently has a consensus rating of "Hold" and an average price target of $141.00.

Insider Buying and Selling at Qualys

In other news, Director Kristi Marie Rogers sold 1,700 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $134.70, for a total value of $228,990.00. Following the completion of the sale, the director owned 8,596 shares of the company's stock, valued at approximately $1,157,881.20. The trade was a 16.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wendy Pfeiffer sold 200 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $129.72, for a total value of $25,944.00. Following the completion of the sale, the director owned 11,082 shares in the company, valued at $1,437,557.04. The trade was a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,040 shares of company stock worth $7,030,879. 0.88% of the stock is currently owned by insiders.

About Qualys

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.