Duality Advisers LP Lowers Position in Qualys, Inc. (NASDAQ:QLYS)

Duality Advisers LP lessened its holdings in Qualys, Inc. (NASDAQ:QLYS) by 7.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,415 shares of the software maker’s stock after selling 747 shares during the period. Duality Advisers LP’s holdings in Qualys were worth $1,571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Signaturefd LLC increased its stake in Qualys by 24.9% in the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock valued at $57,000 after acquiring an additional 58 shares during the last quarter. Wallace Advisory Group LLC increased its stake in Qualys by 4.0% in the first quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock valued at $275,000 after acquiring an additional 63 shares during the last quarter. Intrust Bank NA increased its stake in Qualys by 1.4% in the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock valued at $978,000 after acquiring an additional 69 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in Qualys by 33.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock valued at $65,000 after acquiring an additional 83 shares during the last quarter. Finally, Covenant Partners LLC increased its stake in Qualys by 3.5% in the fourth quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock valued at $492,000 after acquiring an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Price Performance

Qualys stock traded up $0.64 during mid-day trading on Friday, reaching $142.82. 151,612 shares of the stock traded hands, compared to its average volume of 448,778. The stock has a market capitalization of $5.28 billion, a PE ratio of 33.08 and a beta of 0.49. Qualys, Inc. has a 12-month low of $128.98 and a 12-month high of $206.35. The business’s 50-day moving average is $143.26 and its 200-day moving average is $164.24.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $145.67 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. Equities analysts anticipate that Qualys, Inc. will post 3.42 EPS for the current fiscal year.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 1,443 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $167.33, for a total transaction of $241,457.19. Following the completion of the transaction, the insider now directly owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $136.78, for a total value of $957,460.00. Following the completion of the sale, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at approximately $25,523,284.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce K. Posey sold 1,443 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $167.33, for a total value of $241,457.19. Following the completion of the sale, the insider now directly owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The disclosure for this sale can be found here. Insiders sold a total of 27,165 shares of company stock valued at $3,925,202 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Truist Financial reduced their price objective on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. TD Cowen assumed coverage on shares of Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a report on Monday, May 13th. StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Scotiabank assumed coverage on shares of Qualys in a report on Friday, April 26th. They set a “sector perform” rating and a $172.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Qualys presently has an average rating of “Hold” and an average target price of $164.50.

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.