Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 53.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,136 shares of the software maker's stock after selling 14,896 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Qualys were worth $1,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker's stock worth $32,000 after buying an additional 168 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Qualys by 149.0% in the second quarter. UMB Bank n.a. now owns 239 shares of the software maker's stock worth $34,000 after buying an additional 143 shares during the last quarter. Quarry LP purchased a new position in shares of Qualys during the 2nd quarter worth $40,000. DT Investment Partners LLC purchased a new stake in Qualys in the second quarter worth about $41,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker's stock worth $82,000 after buying an additional 223 shares during the period. Institutional investors own 99.31% of the company's stock.

Insider Buying and Selling at Qualys

In other Qualys news, CFO Joo Mi Kim sold 616 shares of the 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 completion of the sale, the chief financial officer now directly owns 86,576 shares of the company's stock, valued at approximately $10,695,599.04. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares in the company, valued at approximately $6,885,508.40. The trade was a 2.34 % 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 corporate insiders.

Qualys Stock Up 2.0 %

NASDAQ:QLYS traded up $2.97 during mid-day trading on Thursday, hitting $150.00. 51,461 shares of the stock traded hands, compared to its average volume of 443,933. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 32.39 and a beta of 0.47. The firm's 50 day moving average is $129.74 and its two-hundred day moving average is $134.95.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on QLYS. Morgan Stanley lifted their price target on shares of Qualys from $123.00 to $126.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their target price 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. Truist Financial increased their price target on Qualys from $120.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Northland Securities reissued a "market perform" rating and issued a $140.00 target price (down previously from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Finally, TD Cowen raised their price objective on Qualys from $130.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $152.80.

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.