QRG Capital Management Inc. Sells 1,001 Shares of Qualys, Inc. $QLYS

QRG Capital Management Inc. trimmed its position in Qualys, Inc. (NASDAQ:QLYS) by 23.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,274 shares of the software maker’s stock after selling 1,001 shares during the quarter. QRG Capital Management Inc.’s holdings in Qualys were worth $468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QLYS. AQR Capital Management LLC grew its holdings in Qualys by 96.8% during the 1st quarter. AQR Capital Management LLC now owns 688,776 shares of the software maker’s stock valued at $85,394,000 after buying an additional 338,702 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Qualys by 92.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,238 shares of the software maker’s stock valued at $81,003,000 after buying an additional 308,635 shares in the last quarter. Penserra Capital Management LLC increased its position in Qualys by 53.3% in the first quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker’s stock worth $62,849,000 after purchasing an additional 173,512 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Qualys by 6.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 449,650 shares of the software maker’s stock worth $56,628,000 after purchasing an additional 26,074 shares during the last quarter. Finally, Invesco Ltd. increased its position in Qualys by 2.8% in the first quarter. Invesco Ltd. now owns 415,582 shares of the software maker’s stock worth $52,334,000 after purchasing an additional 11,481 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Joo Mi Kim sold 787 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $129.17, for a total value of $101,656.79. Following the completion of the sale, the chief financial officer directly owned 92,864 shares of the company’s stock, valued at $11,995,242.88. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Zangardi sold 3,103 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $134.94, for a total transaction of $418,718.82. Following the completion of the sale, the director directly owned 4,071 shares of the company’s stock, valued at approximately $549,340.74. This trade represents a 43.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,565 shares of company stock valued at $5,296,373. Insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on QLYS. Wedbush boosted their price target on shares of Qualys from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. UBS Group boosted their price target on shares of Qualys from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Zacks Research cut shares of Qualys from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Scotiabank lifted their price objective on shares of Qualys from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley lifted their price objective on shares of Qualys from $90.00 to $97.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.00.

Qualys Stock Down 0.7%

NASDAQ QLYS opened at $128.81 on Friday. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 25.71 and a beta of 0.62. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $170.00. The company has a fifty day moving average of $132.61 and a two-hundred day moving average of $133.49.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.21. The firm had revenue of $164.06 million during the quarter, compared to analyst estimates of $161.25 million. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. Equities research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current year.

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.