Thrivent Financial for Lutherans Sells 277 Shares of Qualys, Inc. (NASDAQ:QLYS)

Thrivent Financial for Lutherans reduced its stake in Qualys, Inc. (NASDAQ:QLYS) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,648 shares of the software maker’s stock after selling 277 shares during the period. Thrivent Financial for Lutherans’ holdings in Qualys were worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Millennium Management LLC raised its position in shares of Qualys by 100.7% in the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after acquiring an additional 184,403 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Qualys by 95.7% in the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock worth $40,771,000 after purchasing an additional 139,897 shares in the last quarter. Boston Trust Walden Corp lifted its position in Qualys by 14.5% during the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after buying an additional 117,079 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Qualys during the 2nd quarter valued at $10,132,000. Finally, AQR Capital Management LLC grew its position in shares of Qualys by 25.6% in the 2nd quarter. AQR Capital Management LLC now owns 315,970 shares of the software maker’s stock worth $44,994,000 after buying an additional 64,394 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on QLYS. Scotiabank dropped their price objective on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Wedbush cut their price target on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Northland Securities reiterated a “market perform” rating and set a $140.00 price objective (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Piper Sandler dropped their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Finally, Jefferies Financial Group raised their price target on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Qualys presently has an average rating of “Hold” and a consensus price target of $152.80.

Qualys Stock Down 0.7 %

Shares of Qualys stock opened at $153.60 on Monday. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35. The company’s 50 day moving average is $134.34 and its 200 day moving average is $134.89. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 33.83 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. During the same period last year, the business posted $1.24 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Sell-side analysts expect that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were 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 directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. The trade was a 3.75 % decrease in their ownership of the stock. The sale 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 stock in a transaction that occurred on 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 trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,919 shares of company stock valued at $2,993,000 in the last quarter. 1.00% of the stock is currently owned by insiders.

About Qualys

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.