Pacer Advisors Inc. Sells 2,882 Shares of Qualys, Inc. (NASDAQ:QLYS)

Pacer Advisors Inc. cut its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 31.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,306 shares of the software maker’s stock after selling 2,882 shares during the quarter. Pacer Advisors Inc.’s holdings in Qualys were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of QLYS. Geode Capital Management LLC increased its stake in Qualys by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker’s stock valued at $160,957,000 after acquiring an additional 20,038 shares during the last quarter. Boston Trust Walden Corp raised its stake in shares of Qualys by 14.5% during the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after acquiring an additional 117,079 shares in the last quarter. CDAM UK Ltd lifted its holdings in shares of Qualys by 8.3% in the 3rd quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock worth $64,604,000 after acquiring an additional 38,509 shares during the last quarter. Penserra Capital Management LLC raised its position in Qualys by 8.3% in the 3rd quarter. Penserra Capital Management LLC now owns 373,995 shares of the software maker’s stock worth $48,043,000 after purchasing an additional 28,802 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Qualys by 1,386.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker’s stock worth $49,876,000 after purchasing an additional 331,766 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Trading Up 1.7 %

QLYS opened at $141.73 on Tuesday. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 31.22 and a beta of 0.56. The stock has a fifty day simple moving average of $144.12 and a two-hundred day simple moving average of $135.59. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $184.04.

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

Insider Buying and Selling at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the transaction, the chief executive officer now owns 225,453 shares in the company, valued at $30,321,173.97. The trade was a 3.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruce K. Posey sold 8,555 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the sale, the insider now directly owns 64,032 shares in the company, valued at $9,900,627.84. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,259 shares of company stock valued at $4,578,153. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on QLYS. Royal Bank of Canada raised their price objective on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their price objective on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group raised their target price on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC initiated coverage on shares of Qualys in a report on Wednesday, November 6th. They set a “hold” rating for the company. Finally, DA Davidson increased their price target on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $152.80.

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.