Entropy Technologies LP Cuts Holdings in Qualys, Inc. (NASDAQ:QLYS)

Entropy Technologies LP reduced its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 73.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,934 shares of the software maker's stock after selling 5,398 shares during the period. Entropy Technologies LP's holdings in Qualys were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Qualys by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker's stock worth $640,748,000 after buying an additional 83,504 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Qualys by 14.5% during the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker's stock worth $118,966,000 after purchasing an additional 117,079 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Qualys by 15.3% during the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker's stock worth $67,607,000 after buying an additional 63,000 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Qualys by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker's stock valued at $62,663,000 after acquiring an additional 3,357 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in Qualys by 1.3% in the second quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker's stock valued at $53,095,000 after buying an additional 4,932 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Stock Performance

NASDAQ:QLYS traded down $3.87 during mid-day trading on Friday, reaching $145.52. 836,673 shares of the company's stock were exchanged, compared to its average volume of 630,295. Qualys, Inc. has a one year low of $119.17 and a one year high of $206.35. The business's fifty day simple moving average is $128.88 and its two-hundred day simple moving average is $135.49. The firm has a market capitalization of $5.32 billion, a PE ratio of 32.05 and a beta of 0.47.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business had revenue of $153.87 million for the quarter, compared to analysts' expectations of $150.74 million. During the same period last year, the firm posted $1.24 earnings per share. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Qualys, Inc. will post 4.34 EPS for the current year.

Insider Buying and Selling at Qualys

In other news, CFO Joo Mi Kim sold 616 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the transaction, the chief financial officer now owns 86,576 shares in the company, valued at approximately $10,695,599.04. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce K. Posey sold 1,330 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the sale, the insider now directly owns 55,618 shares of the company's stock, valued at $6,885,508.40. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,919 shares of company stock worth $1,360,140. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group raised their price objective on Qualys from $135.00 to $155.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Piper Sandler decreased their target price on shares of Qualys from $116.00 to $115.00 and set an "underweight" rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price target on shares of Qualys from $150.00 to $162.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. Westpark Capital restated a "hold" rating on shares of Qualys in a research note on Wednesday, November 6th. Finally, TD Cowen raised their price objective on Qualys from $130.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $152.80.

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.