Qualys, Inc. $QLYS Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lessened its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 515,840 shares of the software maker’s stock after selling 29,540 shares during the quarter. Qualys makes up about 0.8% of Penserra Capital Management LLC’s holdings, making the stock its 23rd largest position. Penserra Capital Management LLC owned about 1.43% of Qualys worth $68,261,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in shares of Qualys in the third quarter worth $247,000. Principal Financial Group Inc. boosted its holdings in shares of Qualys by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 106,973 shares of the software maker’s stock valued at $14,156,000 after purchasing an additional 6,022 shares during the last quarter. Arizona State Retirement System boosted its holdings in Qualys by 1.0% in the third quarter. Arizona State Retirement System now owns 10,732 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 101 shares during the last quarter. Tandem Investment Advisors Inc. lifted its stake in shares of Qualys by 1.8% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 42,344 shares of the software maker’s stock valued at $5,603,000 after purchasing an additional 764 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Qualys by 23.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,765 shares of the software maker’s stock valued at $1,425,000 after buying an additional 2,047 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Trading Down 5.5%

Shares of NASDAQ:QLYS opened at $127.52 on Wednesday. The firm has a market cap of $4.57 billion, a P/E ratio of 24.71 and a beta of 0.53. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $155.47. The company has a 50 day moving average of $138.21 and a 200-day moving average of $135.40.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. Qualys had a return on equity of 37.40% and a net margin of 28.96%.The company had revenue of $169.88 million for the quarter, compared to analysts’ expectations of $166.30 million. During the same period last year, the firm earned $1.56 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on QLYS shares. Scotiabank cut their price objective on Qualys from $150.00 to $139.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 5th. Truist Financial reissued a “hold” rating and set a $130.00 price target (down previously from $145.00) on shares of Qualys in a research report on Wednesday, November 5th. Berenberg Bank began coverage on Qualys in a research note on Tuesday, November 18th. They issued a “hold” rating and a $165.00 price target for the company. Robert W. Baird set a $150.00 price objective on shares of Qualys in a report on Wednesday, November 5th. Finally, Morgan Stanley restated an “underweight” rating and issued a $117.00 target price on shares of Qualys in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $143.57.

Insider Activity at Qualys

In other Qualys news, CFO Joo Mi Kim sold 3,414 shares of Qualys stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $135.63, for a total value of $463,040.82. Following the transaction, the chief financial officer owned 88,489 shares in the company, valued at approximately $12,001,763.07. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 5,000 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $133.76, for a total value of $668,800.00. Following the sale, the chief executive officer owned 247,800 shares of the company’s stock, valued at $33,145,728. This trade represents a 1.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,628 shares of company stock valued at $5,343,650 over the last ninety days. Insiders own 1.00% of the company’s stock.

Qualys Company Profile

Qualys, Inc (NASDAQ: QLYS) is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company’s flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.