Qualys, Inc. (NASDAQ:QLYS) Position Decreased by Stifel Financial Corp

Stifel Financial Corp cut its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,044 shares of the software maker’s stock after selling 1,871 shares during the period. Stifel Financial Corp’s holdings in Qualys were worth $2,061,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC purchased a new position in Qualys during the 2nd quarter worth approximately $261,000. Raymond James & Associates lifted its holdings in shares of Qualys by 59.2% during the 2nd quarter. Raymond James & Associates now owns 29,406 shares of the software maker’s stock valued at $4,193,000 after buying an additional 10,937 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after buying an additional 168 shares in the last quarter. Argent Capital Management LLC grew its position in Qualys by 53.6% in the second quarter. Argent Capital Management LLC now owns 3,121 shares of the software maker’s stock worth $445,000 after acquiring an additional 1,089 shares in the last quarter. Finally, Tributary Capital Management LLC raised its holdings in shares of Qualys by 22.6% during the 2nd quarter. Tributary Capital Management LLC now owns 3,517 shares of the software maker’s stock valued at $502,000 after purchasing an additional 649 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Westpark Capital restated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Canaccord Genuity Group lifted their price target on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group increased their target price on shares of Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $152.80.

Insider Activity at Qualys

In other news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.19, for a total value of $77,468.46. Following the sale, the chief financial officer now directly owns 85,942 shares in the company, valued at $10,501,252.98. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 8,555 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the transaction, the insider now owns 64,032 shares of the company’s stock, valued at approximately $9,900,627.84. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,860 shares of company stock valued at $4,284,636. 1.00% of the stock is owned by corporate insiders.

Qualys Stock Up 0.9 %

Shares of NASDAQ QLYS opened at $142.60 on Friday. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.27. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 31.41 and a beta of 0.54. The company’s fifty day moving average is $141.58 and its 200-day moving average is $135.70.

Qualys (NASDAQ:QLYS) last posted its 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 business had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. During the same period in the prior year, the business earned $1.24 EPS. Qualys’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, research analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

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.