Qualys, Inc. (NASDAQ:QLYS) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in Qualys, Inc. (NASDAQ:QLYS) by 9.0% during the 1st quarter, Holdings Channel reports. The firm owned 5,602 shares of the software maker’s stock after purchasing an additional 463 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Qualys were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QLYS. Cubist Systematic Strategies LLC acquired a new stake in shares of Qualys in the fourth quarter valued at about $27,086,000. Penserra Capital Management LLC boosted its position in Qualys by 53.3% during the first quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker’s stock worth $62,849,000 after acquiring an additional 173,512 shares during the last quarter. GAMMA Investing LLC boosted its position in Qualys by 43,505.0% during the first quarter. GAMMA Investing LLC now owns 122,530 shares of the software maker’s stock worth $15,430,000 after acquiring an additional 122,249 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Qualys by 37.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 423,576 shares of the software maker’s stock worth $59,393,000 after acquiring an additional 115,427 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Qualys during the fourth quarter worth about $15,937,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Joo Mi Kim sold 1,018 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $132.26, for a total transaction of $134,640.68. Following the sale, the chief financial officer directly owned 94,468 shares of the company’s stock, valued at $12,494,337.68. This represents a 1.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wendy Pfeiffer sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $139.45, for a total transaction of $27,890.00. Following the sale, the director directly owned 11,282 shares in the company, valued at approximately $1,573,274.90. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,598 shares of company stock worth $6,019,818. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

QLYS has been the topic of a number of recent research reports. Scotiabank boosted their price target on shares of Qualys from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 6th. Jefferies Financial Group boosted their price target on shares of Qualys from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Qualys from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson lifted their target price on shares of Qualys from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Wedbush lifted their target price on shares of Qualys from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.00.

Qualys Stock Performance

Qualys stock opened at $129.45 on Wednesday. The company’s 50 day simple moving average is $138.89 and its 200-day simple moving average is $134.13. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 25.84 and a beta of 0.56. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00.

Qualys (NASDAQ:QLYS) last released its quarterly 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 business had revenue of $164.06 million for the quarter, compared to the consensus estimate 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 EPS. Equities analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current year.

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.