Allspring Global Investments Holdings LLC Has $955,000 Holdings in Qualys, Inc. (NASDAQ:QLYS)

Allspring Global Investments Holdings LLC grew its holdings in Qualys, Inc. (NASDAQ:QLYS) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,438 shares of the software maker’s stock after purchasing an additional 738 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Qualys were worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. First Horizon Advisors Inc. raised its holdings in Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after buying an additional 168 shares during the period. UMB Bank n.a. boosted its position in Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after purchasing an additional 143 shares during the period. Quarry LP bought a new position in Qualys in the 2nd quarter valued at about $40,000. DT Investment Partners LLC acquired a new position in Qualys in the 2nd quarter valued at $41,000. Finally, Exchange Traded Concepts LLC raised its stake in Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Stock Performance

Shares of QLYS stock opened at $119.24 on Friday. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The company has a market capitalization of $4.39 billion, a P/E ratio of 26.26 and a beta of 0.46. The stock has a 50 day moving average price of $124.36 and a two-hundred day moving average price of $137.47.

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

Insider Activity at Qualys

In other news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $133.93, for a total value of $82,500.88. Following the sale, the chief financial officer now directly owns 87,077 shares in the company, valued at approximately $11,662,222.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the completion of the sale, the insider now directly owns 55,279 shares in the company, valued at $6,830,273.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the sale, the chief financial officer now directly owns 87,077 shares in the company, valued at approximately $11,662,222.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,535 shares of company stock worth $1,442,641 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QLYS. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. TD Cowen lowered their price objective on Qualys from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, October 7th. UBS Group cut their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial decreased their target price on shares of Qualys from $130.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.23.

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.