Qualys, Inc. (NASDAQ:QLYS) Holdings Decreased by West Coast Financial LLC

by · The Cerbat Gem

West Coast Financial LLC trimmed its position in Qualys, Inc. (NASDAQ:QLYS – Free Report) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,280 shares of the software maker’s stock after selling 1,043 shares during the quarter. West Coast Financial LLC owned approximately 0.06% of Qualys worth $2,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. NBC Securities Inc. increased its holdings in shares of Qualys by 118,250.0% in the 1st quarter. NBC Securities Inc. now owns 2,367 shares of the software maker’s stock valued at $298,000 after acquiring an additional 2,365 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Qualys in the 1st quarter valued at approximately $3,560,000. Rhumbline Advisers increased its holdings in shares of Qualys by 1.3% in the 1st quarter. Rhumbline Advisers now owns 117,401 shares of the software maker’s stock valued at $14,784,000 after acquiring an additional 1,504 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Qualys by 43,505.0% in the 1st quarter. GAMMA Investing LLC now owns 122,530 shares of the software maker’s stock valued at $15,430,000 after acquiring an additional 122,249 shares during the last quarter. Finally, 111 Capital bought a new stake in shares of Qualys in the 4th quarter valued at approximately $299,000. 99.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

QLYS has been the subject of a number of research analyst reports. Wall Street Zen upgraded Qualys from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Jefferies Financial Group lowered their price objective on Qualys from $145.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Northland Securities restated a “market perform” rating and set a $146.00 price objective (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Wedbush lowered their price objective on Qualys from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Finally, Scotiabank set a $142.00 price objective on Qualys and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Qualys has an average rating of “Hold” and a consensus target price of $137.50.

Get Our Latest Stock Report on Qualys

Qualys Stock Performance

Shares of QLYS stock opened at $139.70 on Friday. The firm has a market capitalization of $5.07 billion, a PE ratio of 30.04 and a beta of 0.61. The stock has a fifty day moving average of $129.15 and a two-hundred day moving average of $136.15. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00.

Qualys (NASDAQ:QLYS – Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.21. The business had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Equities research analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Joo Mi Kim sold 1,018 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $126.75, for a total transaction of $129,031.50. Following the completion of the sale, the chief financial officer now directly owns 100,920 shares of the company’s stock, valued at $12,791,610. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bruce K. Posey sold 524 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $129.38, for a total value of $67,795.12. Following the completion of the sale, the insider now directly owns 65,053 shares of the company’s stock, valued at approximately $8,416,557.14. This represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,627 shares of company stock worth $3,062,802 over the last 90 days. 0.88% of the stock is currently owned by company insiders.

About Qualys

(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.

See Also

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