Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 36.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,382 shares of the software maker’s stock after selling 11,310 shares during the period. Sei Investments Co.’s holdings in Qualys were worth $2,718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Qualys during the 4th quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Qualys during the fourth quarter valued at approximately $39,000. Fifth Third Bancorp raised its holdings in Qualys by 33.9% during the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after purchasing an additional 99 shares in the last quarter. Quarry LP lifted its position in Qualys by 56.2% in the third quarter. Quarry LP now owns 439 shares of the software maker’s stock worth $56,000 after purchasing an additional 158 shares during the period. Finally, Mendota Financial Group LLC bought a new position in Qualys during the 4th quarter valued at $91,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QLYS. Morgan Stanley started coverage on Qualys in a research note on Tuesday, March 18th. They set an “underweight” rating and a $120.00 target price for the company. Northland Securities restated a “market perform” rating and set a $146.00 price objective (down previously from $150.00) on shares of Qualys in a research report on Monday, February 10th. Jefferies Financial Group cut their target price on shares of Qualys from $145.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research report on Monday, February 10th. Finally, Scotiabank dropped their price target on Qualys from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $144.36.

Insider Buying and Selling at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $142.17, for a total transaction of $995,190.00. Following the completion of the sale, the chief executive officer now owns 246,144 shares of the company’s stock, valued at $34,994,292.48. This represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce K. Posey sold 524 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $129.38, for a total value of $67,795.12. Following the transaction, the insider now owns 65,053 shares in the company, valued at approximately $8,416,557.14. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,595 shares of company stock worth $3,691,922 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Qualys Trading Down 3.8 %

Shares of NASDAQ:QLYS opened at $118.59 on Friday. The business has a fifty day simple moving average of $133.80 and a 200 day simple moving average of $136.31. Qualys, Inc. has a 1 year low of $116.67 and a 1 year high of $174.20. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 25.50 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, sell-side analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

Qualys Company 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.