Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 53.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,806 shares of the software maker's stock after selling 55,546 shares during the period. Wells Fargo & Company MN owned about 0.13% of Qualys worth $6,703,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Amalgamated Bank increased its holdings in Qualys by 0.5% during the 4th quarter. Amalgamated Bank now owns 16,640 shares of the software maker's stock valued at $2,333,000 after acquiring an additional 77 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Qualys by 1.4% in the fourth quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker's stock valued at $806,000 after purchasing an additional 80 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after purchasing an additional 99 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Qualys by 12.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker's stock valued at $153,000 after buying an additional 123 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Qualys by 15.6% during the 4th quarter. Huntington National Bank now owns 932 shares of the software maker's stock valued at $131,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Insider Buying and Selling at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $123.81, for a total value of $866,670.00. Following the completion of the sale, the chief executive officer now owns 246,313 shares of the company's stock, valued at $30,496,012.53. This trade represents a 2.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce K. Posey sold 525 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $139.48, for a total transaction of $73,227.00. Following the transaction, the insider now directly owns 65,373 shares in the company, valued at approximately $9,118,226.04. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 Up 2.2 %

Shares of NASDAQ QLYS traded up $2.65 during midday trading on Thursday, hitting $124.39. The stock had a trading volume of 75,287 shares, compared to its average volume of 394,846. The company has a fifty day moving average price of $127.60 and a 200 day moving average price of $135.73. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 26.75 and a beta of 0.71. Qualys, Inc. has a 1-year low of $112.61 and a 1-year high of $173.49.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (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%. On average, research analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Northland Securities restated a "market perform" rating and issued a $146.00 price objective (down from $150.00) on shares of Qualys in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a research note on Monday, February 10th. Morgan Stanley lowered their price target on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Scotiabank reduced their price objective on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Finally, Jefferies Financial Group lowered their target price on shares of Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Qualys has a consensus rating of "Hold" and a consensus target price of $142.21.

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.