MML Investors Services LLC Trims Stock Position in Qualys, Inc. (NASDAQ:QLYS)

MML Investors Services LLC trimmed its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,008 shares of the software maker's stock after selling 2,856 shares during the quarter. MML Investors Services LLC's holdings in Qualys were worth $2,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QLYS. Assenagon Asset Management S.A. increased its holdings in Qualys by 1,386.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker's stock worth $49,876,000 after acquiring an additional 331,766 shares in the last quarter. Vanguard Group Inc. increased its holdings in Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock worth $604,721,000 after acquiring an additional 131,339 shares in the last quarter. Boston Trust Walden Corp increased its holdings in Qualys by 13.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker's stock worth $147,178,000 after acquiring an additional 123,530 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Qualys in the 4th quarter worth approximately $15,937,000. Finally, CDAM UK Ltd increased its holdings in Qualys by 21.6% in the 4th quarter. CDAM UK Ltd now owns 611,793 shares of the software maker's stock worth $85,786,000 after acquiring an additional 108,880 shares in the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on QLYS. Loop Capital reduced their target price on shares of Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a report on Friday, February 7th. Scotiabank cut their price objective on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Royal Bank of Canada cut their price objective on shares of Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Northland Securities reaffirmed a "market perform" rating and set a $146.00 price objective (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Finally, Canaccord Genuity Group cut their price objective on shares of Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Qualys presently has a consensus rating of "Hold" and an average price target of $142.21.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 525 shares of Qualys stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $139.48, for a total transaction of $73,227.00. Following the completion of the transaction, the insider now directly owns 65,373 shares of the company's stock, valued at $9,118,226.04. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business's 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 $30,496,012.53. This represents a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,138 shares of company stock valued at $3,519,970 over the last three months. 1.00% of the stock is owned by company insiders.

Qualys Stock Performance

NASDAQ QLYS opened at $126.75 on Monday. The stock has a 50 day moving average price of $126.80 and a 200-day moving average price of $135.93. The company has a market capitalization of $4.62 billion, a P/E ratio of 27.26 and a beta of 0.71. Qualys, Inc. has a one year low of $112.61 and a one year high of $172.70.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. As a group, equities analysts predict that Qualys, Inc. will post 3.85 EPS for the current fiscal 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.

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