Stephens Investment Management Group LLC Sells 10,027 Shares of Qualys, Inc. (NASDAQ:QLYS)

Stephens Investment Management Group LLC lessened its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 14.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,075 shares of the software maker's stock after selling 10,027 shares during the period. Stephens Investment Management Group LLC owned 0.16% of Qualys worth $7,332,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Qualys by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker's stock valued at $640,748,000 after acquiring an additional 83,504 shares during the last quarter. Boston Trust Walden Corp lifted its position in Qualys by 14.5% during the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker's stock valued at $118,966,000 after purchasing an additional 117,079 shares during the last quarter. Renaissance Technologies LLC lifted its position in Qualys by 15.3% during the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker's stock valued at $67,607,000 after purchasing an additional 63,000 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Qualys by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker's stock worth $62,663,000 after buying an additional 3,357 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in shares of Qualys by 1.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker's stock worth $53,095,000 after buying an additional 4,932 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Analysts Set New Price Targets

QLYS has been the subject of several research reports. Northland Securities reiterated a "market perform" rating and issued a $140.00 target price (down from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Piper Sandler cut their price objective on Qualys from $116.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, August 7th. Needham & Company LLC reissued a "hold" rating on shares of Qualys in a report on Wednesday, August 7th. Morgan Stanley cut their target price on Qualys from $136.00 to $123.00 and set an "underweight" rating for the company in a research note on Wednesday, October 23rd. Finally, TD Cowen decreased their price target on shares of Qualys from $140.00 to $130.00 and set a "hold" rating on the stock in a research note on Monday, October 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Qualys presently has a consensus rating of "Hold" and an average target price of $144.23.

Qualys Price Performance

Qualys stock traded up $1.10 during trading hours on Friday, reaching $120.34. The stock had a trading volume of 354,822 shares, compared to its average volume of 369,333. The company has a fifty day simple moving average of $124.20 and a 200-day simple moving average of $137.05. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35. The stock has a market cap of $4.43 billion, a PE ratio of 26.51 and a beta of 0.47.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.20. The company had revenue of $148.70 million for the quarter, compared to analysts' expectations of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. Qualys's quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. Research analysts predict that Qualys, Inc. will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $122.19, for a total transaction of $77,468.46. Following the sale, the chief financial officer now directly owns 85,942 shares in the company, valued at $10,501,252.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 179,649 shares of the company's stock, valued at approximately $22,493,851.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,535 shares of company stock worth $1,442,641. 1.00% of the stock is currently owned by corporate insiders.

Qualys 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.