Mutual of America Capital Management LLC Lowers Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Mutual of America Capital Management LLC cut its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 39.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,896 shares of the software maker's stock after selling 12,994 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Qualys worth $2,556,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in shares of Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker's stock valued at $32,000 after buying an additional 168 shares in the last quarter. UMB Bank n.a. boosted its stake in Qualys by 149.0% in the second quarter. UMB Bank n.a. now owns 239 shares of the software maker's stock valued at $34,000 after acquiring an additional 143 shares in the last quarter. Quarry LP purchased a new position in Qualys in the second quarter worth $40,000. DT Investment Partners LLC acquired a new position in shares of Qualys during the second quarter worth $41,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker's stock valued at $82,000 after purchasing an additional 223 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Trading Up 2.1 %

QLYS traded up $3.19 on Friday, hitting $153.37. 303,879 shares of the company's stock were exchanged, compared to its average volume of 639,782. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 33.78 and a beta of 0.47. The firm has a 50-day moving average price of $131.26 and a 200-day moving average price of $134.81.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping 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 analyst estimates of $150.74 million. During the same period last year, the company posted $1.24 EPS. The business's revenue was up 8.4% on a year-over-year basis. On average, equities analysts predict that Qualys, Inc. will post 4.34 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on QLYS. TD Cowen increased their price objective on shares of Qualys from $130.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Northland Securities reiterated a "market perform" rating and set a $140.00 price objective (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Canaccord Genuity Group upped their target price on Qualys from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Morgan Stanley raised their target price on Qualys from $123.00 to $126.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Finally, Needham & Company LLC began coverage on Qualys in a report on Wednesday, November 6th. They issued a "hold" rating on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $152.80.

Insider Activity

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the sale, the chief executive officer now owns 179,649 shares of the company's stock, valued at $22,493,851.29. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the transaction, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,919 shares of company stock valued at $2,993,000. 1.00% of the stock is currently owned by company insiders.

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.