Truist Financial Corp Increases Holdings in Qualys, Inc. (NASDAQ:QLYS)

Truist Financial Corp lifted its holdings in Qualys, Inc. (NASDAQ:QLYS) by 42.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,751 shares of the software maker’s stock after acquiring an additional 519 shares during the period. Truist Financial Corp’s holdings in Qualys were worth $250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of Qualys by 100.7% during the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock valued at $52,401,000 after purchasing an additional 184,403 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Qualys by 50.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock valued at $83,743,000 after acquiring an additional 169,293 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Qualys by 169.7% in the first quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock valued at $40,970,000 after acquiring an additional 154,492 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Qualys by 95.7% in the 2nd quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock worth $40,771,000 after acquiring an additional 139,897 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Qualys during the 4th quarter worth about $18,844,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Stock Performance

NASDAQ QLYS opened at $123.21 on Friday. The company has a market cap of $4.55 billion, a PE ratio of 28.52 and a beta of 0.46. The firm’s 50 day moving average price is $124.56 and its 200-day moving average price is $139.91. Qualys, Inc. has a 52-week low of $119.32 and a 52-week high of $206.35.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.20. The business had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. On average, analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Westpark Capital reissued a “hold” rating on shares of Qualys in a research report on Monday, August 5th. TD Cowen decreased their price target on Qualys from $140.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, October 7th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. Wedbush reduced their target price on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Piper Sandler lowered their target price 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, twelve have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $146.08.

Insider Activity at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the sale, the insider now directly owns 58,947 shares of the company’s stock, valued at $8,450,052.45. The trade was 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 this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the transaction, the chief executive officer now owns 179,649 shares of the company’s stock, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,535 shares of company stock valued at $1,469,140 over the last 90 days. Insiders own 1.00% of the company’s stock.

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.