Quantbot Technologies LP Sells 11,431 Shares of Qualys, Inc. $QLYS

Key Points

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Quantbot Technologies LP lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 24.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,295 shares of the software maker's stock after selling 11,431 shares during the quarter. Quantbot Technologies LP owned about 0.10% of Qualys worth $4,445,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in QLYS. SBI Securities Co. Ltd. boosted its position in 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 purchasing an additional 167 shares during the period. Johnson Financial Group Inc. bought a new stake in Qualys during the fourth quarter worth approximately $54,000. Manchester Capital Management LLC boosted its position in Qualys by 52.4% during the first quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock worth $55,000 after purchasing an additional 150 shares during the period. Fifth Third Bancorp boosted its position in Qualys by 27.9% during the first quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock worth $63,000 after purchasing an additional 109 shares during the period. Finally, Signaturefd LLC boosted its position 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 purchasing an additional 295 shares during the period. Institutional investors own 99.31% of the company's stock.

Insider Buying and Selling

In other Qualys news, Director John A. Zangardi sold 1,287 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $132.03, for a total transaction of $169,922.61. Following the completion of the transaction, the director directly owned 11,034 shares in the company, valued at $1,456,819.02. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey P. Hank sold 657 shares of the stock in a transaction 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 transaction, the director owned 13,888 shares of the company's stock, valued at $1,931,404.16. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,060 shares of company stock valued at $7,247,888. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. 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. JPMorgan Chase & Co. reduced their price objective on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Morgan Stanley increased their price objective on Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Scotiabank increased their price objective on Qualys from $142.00 to $150.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised Qualys from a "hold" rating to a "buy" rating in a research report on Sunday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Qualys presently has a consensus rating of "Hold" and an average target price of $141.00.

Qualys Price Performance

Shares of QLYS stock opened at $130.65 on Tuesday. The stock has a market cap of $4.72 billion, a P/E ratio of 26.08 and a beta of 0.56. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The stock has a fifty day moving average price of $138.08 and a 200 day moving average price of $133.68.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.21. Qualys had a return on equity of 37.19% and a net margin of 29.04%. The firm had revenue of $164.06 million during the quarter, compared to analyst estimates of $161.25 million. During the same period in the prior year, the company posted $1.52 earnings per share. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current year.

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.

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