Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 53.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 47,806 shares of the software maker’s stock after selling 55,546 shares during the period. Wells Fargo & Company MN’s holdings in Qualys were worth $6,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC grew its position in shares of Qualys by 101.8% during the third quarter. Barclays PLC now owns 112,214 shares of the software maker’s stock worth $14,415,000 after buying an additional 56,613 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Qualys by 30.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,919 shares of the software maker’s stock valued at $632,000 after purchasing an additional 1,159 shares during the period. Tidal Investments LLC increased its holdings in shares of Qualys by 70.5% in the 3rd quarter. Tidal Investments LLC now owns 2,472 shares of the software maker’s stock valued at $318,000 after acquiring an additional 1,022 shares during the period. Synovus Financial Corp raised its holdings in shares of Qualys by 16.3% in the third quarter. Synovus Financial Corp now owns 16,772 shares of the software maker’s stock valued at $2,155,000 after buying an additional 2,356 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Qualys by 8.1% in the 3rd quarter. Franklin Resources Inc. now owns 39,603 shares of the software maker’s stock valued at $4,968,000 after purchasing an additional 2,972 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insider Buying and Selling

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $123.81, for a total transaction of $866,670.00. Following the sale, the chief executive officer now directly owns 246,313 shares of the company’s stock, valued at approximately $30,496,012.53. This represents a 2.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joo Mi Kim sold 4,542 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $140.08, for a total transaction of $636,243.36. Following the completion of the transaction, the chief financial officer now owns 108,215 shares in the company, valued at approximately $15,158,757.20. The trade was a 4.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,480 shares of company stock worth $3,579,506. Corporate insiders own 1.00% of the company’s stock.

Qualys Stock Down 0.6 %

Shares of NASDAQ:QLYS opened at $120.62 on Friday. The company has a 50 day moving average of $128.89 and a two-hundred day moving average of $135.88. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $174.20. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 25.94 and a beta of 0.71.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data 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 net margin of 28.59% and a return on equity of 38.52%. On average, equities analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on QLYS. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. 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 report on Monday, March 31st. Scotiabank decreased their price objective 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. Canaccord Genuity Group lowered their target price on shares of Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Morgan Stanley dropped their price objective on shares of Qualys from $120.00 to $90.00 and set an “underweight” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.21.

About Qualys

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.