Qualys, Inc. (NASDAQ:QLYS) Stock Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Qualys, Inc. (NASDAQ:QLYS) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 375,060 shares of the software maker’s stock after selling 341 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.03% of Qualys worth $52,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aigen Investment Management LP bought a new stake in Qualys during the third quarter valued at $445,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Qualys by 208.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock valued at $11,072,000 after buying an additional 58,252 shares during the period. Intech Investment Management LLC grew its position in shares of Qualys by 428.9% during the 3rd quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock valued at $2,345,000 after buying an additional 14,804 shares during the last quarter. Van ECK Associates Corp raised its stake in Qualys by 40.0% during the third quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after acquiring an additional 8,291 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Qualys by 13.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker’s stock worth $1,095,000 after acquiring an additional 933 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QLYS has been the topic of several research reports. TD Cowen increased their price objective on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Northland Securities reiterated a “market perform” rating and set a $146.00 price objective (down previously from $150.00) on shares of Qualys in a research note on Monday, February 10th. Royal Bank of Canada dropped their price objective on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Finally, Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $146.57.

Insider Buying and Selling

In related news, insider Bruce K. Posey sold 855 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the completion of the sale, the insider now directly owns 63,177 shares in the company, valued at approximately $8,986,296.48. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Joo Mi Kim sold 1,635 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $138.64, for a total transaction of $226,676.40. Following the sale, the chief financial officer now owns 112,017 shares of the company’s stock, valued at $15,530,036.88. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,926 shares of company stock worth $3,745,742. Corporate insiders own 1.00% of the company’s stock.

Qualys Price Performance

Qualys stock opened at $131.62 on Thursday. The firm has a 50 day simple moving average of $138.82 and a 200-day simple moving average of $135.93. The stock has a market capitalization of $4.80 billion, a PE ratio of 28.31 and a beta of 0.56. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $174.31.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. On average, analysts forecast that Qualys, Inc. will post 3.85 earnings per share 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.