Van Hulzen Asset Management LLC Sells 1,273 Shares of Qualys, Inc. (NASDAQ:QLYS)

Van Hulzen Asset Management LLC decreased its holdings in Qualys, Inc. (NASDAQ:QLYSFree Report) by 8.5% in the fourth quarter, Holdings Channel reports. The fund owned 13,647 shares of the software maker’s stock after selling 1,273 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Qualys were worth $2,679,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of QLYS. Principal Securities Inc. purchased a new stake in shares of Qualys in the fourth quarter valued at $129,000. First Western Trust Bank purchased a new position in shares of Qualys during the fourth quarter worth approximately $340,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Qualys during the fourth quarter valued at approximately $215,000. Natixis Advisors L.P. boosted its holdings in shares of Qualys by 3.1% in the fourth quarter. Natixis Advisors L.P. now owns 33,715 shares of the software maker’s stock valued at $6,617,000 after purchasing an additional 1,005 shares during the period. Finally, Jackson Creek Investment Advisors LLC increased its holdings in Qualys by 8.8% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 7,416 shares of the software maker’s stock worth $1,456,000 after purchasing an additional 602 shares during the period. Institutional investors own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QLYS. TD Cowen began coverage on Qualys in a report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 target price for the company. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada decreased their price objective on Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a report on Thursday, February 8th. JPMorgan Chase & Co. lifted their price objective on Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a report on Thursday, February 8th. Finally, Scotiabank began coverage on Qualys in a report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Qualys presently has an average rating of “Hold” and a consensus target price of $162.23.

Check Out Our Latest Analysis on Qualys

Insider Transactions at Qualys

In other news, insider Bruce K. Posey sold 1,430 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total transaction of $235,821.30. Following the sale, the insider now owns 63,057 shares in the company, valued at $10,398,729.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Sumedh S. Thakar sold 4,120 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $167.62, for a total value of $690,594.40. Following the sale, the chief executive officer now owns 194,481 shares in the company, valued at $32,598,905.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bruce K. Posey sold 1,430 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total value of $235,821.30. Following the completion of the sale, the insider now owns 63,057 shares in the company, valued at approximately $10,398,729.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,590 shares of company stock worth $2,419,842. Insiders own 1.00% of the company’s stock.

Qualys Price Performance

Qualys stock traded down $1.56 during trading hours on Friday, reaching $150.31. The stock had a trading volume of 380,160 shares, compared to its average volume of 383,471. Qualys, Inc. has a 52 week low of $113.00 and a 52 week high of $206.35. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 37.21 and a beta of 0.51. The business’s 50 day moving average price is $165.84 and its 200-day moving average price is $175.68.

Qualys (NASDAQ:QLYSGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.26. Qualys had a return on equity of 49.06% and a net margin of 27.34%. The business had revenue of $144.57 million for the quarter, compared to analyst estimates of $144.69 million. On average, sell-side analysts forecast that Qualys, Inc. will post 3.35 EPS for the current fiscal year.

Qualys Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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