MML Investors Services LLC Sells 2,856 Shares of Qualys, Inc. (NASDAQ:QLYS)

MML Investors Services LLC reduced its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,008 shares of the software maker's stock after selling 2,856 shares during the period. MML Investors Services LLC's holdings in Qualys were worth $2,525,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Qualys during the fourth quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Qualys in the 4th quarter worth approximately $39,000. Quadrant Capital Group LLC lifted its position in shares of Qualys by 88.1% during the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock worth $47,000 after buying an additional 156 shares during the period. Fifth Third Bancorp boosted its stake in Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock valued at $55,000 after buying an additional 99 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Qualys in the fourth quarter valued at $91,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on QLYS. StockNews.com raised shares of Qualys from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a report on Monday, February 10th. Northland Securities reaffirmed a "market perform" rating and issued a $146.00 price target (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Morgan Stanley reduced their target price on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group lowered their price target on shares of Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a report on Monday, March 31st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Qualys presently has an average rating of "Hold" and a consensus price target of $140.53.

Insider Buying and Selling

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $123.81, for a total value of $866,670.00. Following the sale, the chief executive officer now owns 246,313 shares in the company, valued at approximately $30,496,012.53. The trade was a 2.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruce K. Posey sold 524 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $129.38, for a total transaction of $67,795.12. Following the transaction, the insider now directly owns 65,053 shares of the company's stock, valued at $8,416,557.14. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,138 shares of company stock worth $3,519,970 over the last ninety days. Company insiders own 1.00% of the company's stock.

Qualys Stock Performance

NASDAQ:QLYS traded down $2.72 during trading hours on Wednesday, hitting $125.71. The stock had a trading volume of 378,013 shares, compared to its average volume of 394,751. The business's 50 day moving average is $126.19 and its 200-day moving average is $135.88. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 27.03 and a beta of 0.71. Qualys, Inc. has a one year low of $112.61 and a one year high of $171.00.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, sell-side analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal 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.