US Bancorp DE Sells 1,248 Shares of Qualys, Inc. (NASDAQ:QLYS)

US Bancorp DE lessened its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,690 shares of the software maker’s stock after selling 1,248 shares during the quarter. US Bancorp DE owned about 0.06% of Qualys worth $2,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its position 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 in the last quarter. UMB Bank n.a. boosted its position 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 in the last quarter. Quarry LP bought a new position in shares of Qualys during the 2nd quarter worth about $40,000. DT Investment Partners LLC bought a new position in shares of Qualys during the 2nd quarter worth about $41,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

Qualys Stock Up 2.9 %

Shares of QLYS stock opened at $128.23 on Wednesday. The company has a 50 day moving average of $124.24 and a 200-day moving average of $136.16. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $206.35. The firm has a market cap of $4.72 billion, a P/E ratio of 28.24 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. During the same quarter last year, the business posted $0.95 EPS. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts expect that Qualys, Inc. will post 3.94 EPS for the current year.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now directly owns 55,279 shares of the company’s stock, valued at approximately $6,830,273.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,919 shares of company stock worth $1,360,140 in the last quarter. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

QLYS has been the topic of a number of research analyst reports. Piper Sandler cut their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Jefferies Financial Group initiated coverage on shares of Qualys in a report on Wednesday, October 16th. They issued a “hold” rating and a $135.00 target price on the stock. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. TD Cowen lowered their target price on shares of Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, October 7th. Finally, Wedbush lowered their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Qualys has a consensus rating of “Hold” and an average price target of $144.23.

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.