Congress Wealth Management LLC DE Sells 2,307 Shares of Qualys, Inc. (NASDAQ:QLYS)

Congress Wealth Management LLC DE cut its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,330 shares of the software maker's stock after selling 2,307 shares during the quarter. Congress Wealth Management LLC DE owned 0.24% of Qualys worth $12,386,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in QLYS. Vanguard Group Inc. grew its position in shares of Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock valued at $604,721,000 after buying an additional 131,339 shares during the last quarter. Bridge City Capital LLC increased its position in Qualys by 6.2% during the 4th quarter. Bridge City Capital LLC now owns 21,396 shares of the software maker's stock valued at $3,000,000 after purchasing an additional 1,257 shares during the period. LPL Financial LLC increased its position in Qualys by 34.1% during the 4th quarter. LPL Financial LLC now owns 35,136 shares of the software maker's stock valued at $4,927,000 after purchasing an additional 8,935 shares during the period. Fox Run Management L.L.C. bought a new position in Qualys during the 4th quarter worth approximately $285,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Qualys in the 4th quarter worth approximately $1,739,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on QLYS shares. Scotiabank dropped their target price on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Needham & Company LLC reissued a "hold" rating on shares of Qualys in a research note on Monday, February 10th. Canaccord Genuity Group decreased their target price on Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, February 7th. StockNews.com raised Qualys from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Loop Capital reduced their price objective on shares of Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $146.14.

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Qualys Stock Performance

NASDAQ:QLYS traded down $2.95 during mid-day trading on Friday, reaching $127.18. The stock had a trading volume of 171,168 shares, compared to its average volume of 395,977. Qualys, Inc. has a one year low of $119.17 and a one year high of $174.20. The firm has a 50 day moving average price of $135.35 and a two-hundred day moving average price of $136.29. The stock has a market capitalization of $4.64 billion, a P/E ratio of 27.35 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last announced 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 return on equity of 38.52% and a net margin of 28.59%. Research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insider Activity

In other news, insider Bruce K. Posey sold 524 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total transaction of $941,430.00. Following the completion of the transaction, the chief executive officer now owns 225,453 shares in the company, valued at $30,321,173.97. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,595 shares of company stock valued at $3,691,922. Insiders own 1.00% of the company's stock.

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.