Qualys, Inc. $QLYS Shares Sold by Townsquare Capital LLC

Key Points

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Townsquare Capital LLC reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 84.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,367 shares of the software maker's stock after selling 13,238 shares during the period. Townsquare Capital LLC's holdings in Qualys were worth $298,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Citigroup Inc. grew its holdings in Qualys by 4.1% during the 1st quarter. Citigroup Inc. now owns 62,729 shares of the software maker's stock worth $7,899,000 after acquiring an additional 2,482 shares in the last quarter. Nutshell Asset Management Ltd grew its holdings in Qualys by 36.7% during the 1st quarter. Nutshell Asset Management Ltd now owns 30,455 shares of the software maker's stock worth $3,835,000 after acquiring an additional 8,176 shares in the last quarter. Alapocas Investment Partners Inc. acquired a new position in Qualys during the 1st quarter worth $6,705,000. Headlands Technologies LLC acquired a new position in Qualys during the 1st quarter worth $127,000. Finally, Ontario Teachers Pension Plan Board boosted its holdings in shares of Qualys by 56.5% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,226 shares of the software maker's stock valued at $1,414,000 after buying an additional 4,054 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Stock Up 1.2%

Shares of NASDAQ:QLYS opened at $130.65 on Tuesday. The company has a market cap of $4.72 billion, a PE ratio of 26.08 and a beta of 0.56. The company's 50-day moving average price is $138.08 and its 200 day moving average price is $133.68. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $161.25 million. During the same period in the previous year, the firm earned $1.52 EPS. Qualys's revenue was up 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current year.

Insider Activity at Qualys

In other Qualys news, Director Wendy Pfeiffer sold 200 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $129.72, for a total transaction of $25,944.00. Following the sale, the director directly owned 11,082 shares in the company, valued at approximately $1,437,557.04. The trade was a 1.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce K. Posey sold 541 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $140.11, for a total transaction of $75,799.51. Following the sale, the insider owned 60,643 shares in the company, valued at $8,496,690.73. This trade represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,060 shares of company stock worth $7,247,888 in the last three months. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Scotiabank lifted their price target on shares of Qualys from $142.00 to $150.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Qualys from a "hold" rating to a "buy" rating in a report on Sunday. JPMorgan Chase & Co. decreased their price target on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a report on Monday, April 28th. DA Davidson lifted their price target on shares of Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, UBS Group lifted their price target on shares of Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $141.00.

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.

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