Park Avenue Securities LLC Sells 954 Shares of Qualys, Inc. (NASDAQ:QLYS)

Park Avenue Securities LLC trimmed its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,417 shares of the software maker’s stock after selling 954 shares during the period. Park Avenue Securities LLC’s holdings in Qualys were worth $696,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QLYS. Rise Advisors LLC bought a new stake in shares of Qualys during the 1st quarter worth $26,000. First Horizon Advisors Inc. raised its stake in shares of Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after purchasing an additional 168 shares during the period. Sound Income Strategies LLC raised its stake in shares of Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after purchasing an additional 169 shares during the period. DecisionPoint Financial LLC bought a new stake in shares of Qualys during the 1st quarter worth $34,000. Finally, UMB Bank n.a. raised its stake in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after purchasing an additional 143 shares during the period. 99.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on QLYS shares. Piper Sandler lowered their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. Royal Bank of Canada lowered their price objective on Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. TD Cowen lowered their price objective on Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Truist Financial lowered their price objective on Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $147.00.

Qualys Stock Up 1.8 %

QLYS stock opened at $126.71 on Friday. The firm has a market capitalization of $4.68 billion, a PE ratio of 29.33 and a beta of 0.46. Qualys, Inc. has a twelve month low of $119.32 and a twelve month high of $206.35. The stock has a 50-day simple moving average of $125.27 and a two-hundred day simple moving average of $141.80.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Qualys’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts anticipate that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

Insider Transactions at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.15, for a total transaction of $1,002,050.00. Following the completion of the transaction, the chief executive officer now owns 186,601 shares of the company’s stock, valued at approximately $26,711,933.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $143.35, for a total value of $191,945.65. Following the completion of the sale, the insider now owns 58,947 shares of the company’s stock, valued at $8,450,052.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.15, for a total value of $1,002,050.00. Following the completion of the sale, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at approximately $26,711,933.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,535 shares of company stock valued at $1,594,720. 1.00% of the stock is owned by corporate insiders.

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.