Raymond James & Associates Lowers Stake in Qualys, Inc. (NASDAQ:QLYS)

Raymond James & Associates reduced its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,100 shares of the software maker’s stock after selling 306 shares during the period. Raymond James & Associates owned approximately 0.08% of Qualys worth $3,738,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position 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 purchasing an additional 168 shares during the last quarter. UMB Bank n.a. grew its position in Qualys by 149.0% during the 2nd 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 last quarter. Quarry LP purchased a new position in Qualys during the 2nd quarter worth $40,000. DT Investment Partners LLC purchased a new position in Qualys during the 2nd quarter worth $41,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares in the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Trading Up 0.9 %

Shares of QLYS opened at $120.34 on Monday. The stock has a market cap of $4.43 billion, a P/E ratio of 26.51 and a beta of 0.47. The company has a 50-day moving average of $124.20 and a two-hundred day moving average of $136.68. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS) last announced its 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 company had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share. As a group, analysts forecast that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

QLYS has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. TD Cowen lowered their target price on shares of Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, October 7th. Scotiabank lowered their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Wedbush lowered their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Morgan Stanley lowered their target price on shares of Qualys from $136.00 to $123.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Qualys currently has an average rating of “Hold” and an average target price of $144.23.

Insiders Place Their Bets

In other Qualys news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the transaction, the chief financial officer now owns 85,942 shares in the company, valued at approximately $10,501,252.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 55,279 shares of the company’s stock, valued at $6,830,273.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Joo Mi Kim sold 634 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the transaction, the chief financial officer now directly owns 85,942 shares of the company’s stock, valued at approximately $10,501,252.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,919 shares of company stock worth $1,360,140. Insiders own 1.00% of the company’s stock.

Qualys 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.