Shaker Investments LLC OH Decreases Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Shaker Investments LLC OH trimmed its position in Qualys, Inc. (NASDAQ:QLYS) by 30.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,973 shares of the software maker’s stock after selling 5,283 shares during the quarter. Shaker Investments LLC OH’s holdings in Qualys were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in 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 purchasing an additional 83,504 shares during the period. Boston Trust Walden Corp increased its position in Qualys by 9.8% during the 2nd quarter. Boston Trust Walden Corp now owns 809,014 shares of the software maker’s stock valued at $115,365,000 after purchasing an additional 72,261 shares during the period. Dimensional Fund Advisors LP increased its position in Qualys by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 739,205 shares of the software maker’s stock valued at $145,095,000 after purchasing an additional 21,439 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Qualys by 50.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock valued at $83,743,000 after purchasing an additional 169,293 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Qualys by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock valued at $62,663,000 after purchasing an additional 3,357 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Price Performance

Qualys stock traded up $0.08 during mid-day trading on Monday, reaching $125.14. The stock had a trading volume of 196,288 shares, compared to its average volume of 446,857. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 28.97 and a beta of 0.49. The company has a 50-day moving average price of $136.81 and a two-hundred day moving average price of $151.34. Qualys, Inc. has a one year low of $121.64 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 29.36% and a return on equity of 44.80%. Qualys’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. On average, equities research analysts anticipate that Qualys, Inc. will post 3.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TD Cowen reduced their price objective on shares of Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. DA Davidson raised shares of Qualys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Wedbush reduced their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird reduced their target price on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, Truist Financial reduced their target price on shares of Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.83.

Insider Activity

In other news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $135.14, for a total transaction of $179,736.20. Following the sale, the insider now owns 59,286 shares of the company’s stock, valued at approximately $8,011,910.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $135.14, for a total transaction of $179,736.20. Following the sale, the insider now owns 59,286 shares of the company’s stock, valued at approximately $8,011,910.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $136.78, for a total transaction of $957,460.00. Following the sale, the chief executive officer now directly owns 186,601 shares in the company, valued at approximately $25,523,284.78. The disclosure for this sale can be found here. Insiders have sold a total of 26,385 shares of company stock valued at $3,658,342 in the last 90 days. 1.00% of the stock is currently owned by 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.