Mutual of America Capital Management LLC Trims Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Mutual of America Capital Management LLC decreased its holdings in Qualys, Inc. (NASDAQ:QLYS) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,890 shares of the software maker’s stock after selling 1,274 shares during the quarter. Mutual of America Capital Management LLC owned 0.09% of Qualys worth $4,690,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Qualys by 151.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,700 shares of the software maker’s stock valued at $726,000 after purchasing an additional 2,226 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Qualys by 247.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 8,172 shares of the software maker’s stock valued at $1,604,000 after acquiring an additional 5,823 shares during the period. Hsbc Holdings PLC increased its holdings in Qualys by 18.9% in the 4th quarter. Hsbc Holdings PLC now owns 16,320 shares of the software maker’s stock worth $3,209,000 after acquiring an additional 2,599 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in Qualys during the 4th quarter worth approximately $549,000. Finally, Parallel Advisors LLC raised its stake in Qualys by 67.5% during the 4th quarter. Parallel Advisors LLC now owns 350 shares of the software maker’s stock worth $69,000 after acquiring an additional 141 shares during the period. 99.31% of the stock is currently owned by institutional investors.

Qualys Price Performance

Shares of NASDAQ QLYS opened at $124.41 on Friday. The stock has a market capitalization of $4.60 billion, a P/E ratio of 28.80 and a beta of 0.46. Qualys, Inc. has a 1-year low of $119.32 and a 1-year high of $206.35. The business’s 50 day moving average is $130.65 and its two-hundred day moving average is $145.75.

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

Analyst Ratings Changes

QLYS has been the subject of a number of analyst reports. Piper Sandler reduced 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. TD Cowen decreased their price target on Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Northland Securities reaffirmed a “market perform” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Finally, Scotiabank lowered their price target on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $147.83.

Insider Buying and Selling

In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the sale, the insider now directly owns 58,947 shares in the company, valued at $8,450,052.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the company’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 transaction, the chief financial officer now owns 86,576 shares in the company, valued at $10,695,599.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,205 shares of company stock valued at $1,444,369. Company insiders own 1.00% of the company’s stock.

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.