Crossmark Global Holdings Inc. Reduces Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Crossmark Global Holdings Inc. cut its holdings in Qualys, Inc. (NASDAQ:QLYS) by 44.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,807 shares of the software maker’s stock after selling 2,216 shares during the period. Crossmark Global Holdings Inc.’s holdings in Qualys were worth $361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in Qualys by 46.0% during the 1st quarter. SG Americas Securities LLC now owns 1,685 shares of the software maker’s stock valued at $281,000 after buying an additional 531 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Qualys by 60.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,449 shares of the software maker’s stock worth $3,079,000 after purchasing an additional 6,932 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Qualys by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after purchasing an additional 83,504 shares in the last quarter. Cynosure Group LLC acquired a new stake in shares of Qualys during the 1st quarter worth about $303,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Qualys by 13.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 108,304 shares of the software maker’s stock worth $18,048,000 after buying an additional 12,915 shares in the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qualys

In other news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at $10,695,599.04. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was 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 owns 55,618 shares in the company, valued at approximately $6,885,508.40. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,919 shares of company stock valued at $1,360,140 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Qualys Trading Down 2.6 %

Shares of Qualys stock opened at $145.52 on Monday. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 32.05 and a beta of 0.47. The company has a fifty day moving average price of $128.88 and a 200 day moving average price of $135.49.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.23. The company had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. Analysts forecast that Qualys, Inc. will post 4.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on QLYS shares. Needham & Company LLC began coverage on shares of Qualys in a research report on Wednesday, November 6th. They set a “hold” rating on the stock. TD Cowen lifted their price objective on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Scotiabank dropped their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Canaccord Genuity Group raised their price target on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler dropped their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $152.80.

Qualys 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.