Park Place Capital Corp Has $81,000 Holdings in Qualys, Inc. (NASDAQ:QLYS)

Park Place Capital Corp cut its stake in Qualys, Inc. (NASDAQ:QLYS) by 18.0% in the second quarter, Holdings Channel.com reports. The firm owned 570 shares of the software maker’s stock after selling 125 shares during the period. Park Place Capital Corp’s holdings in Qualys were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP bought a new stake in shares of Qualys in the 4th quarter worth approximately $18,844,000. Dorsey Wright & Associates acquired a new position in shares of Qualys in the fourth quarter valued at $4,455,000. Intrust Bank NA lifted its position in Qualys by 1.4% in the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock worth $978,000 after purchasing an additional 69 shares during the period. NewSquare Capital LLC acquired a new stake in Qualys during the fourth quarter worth $3,731,000. Finally, Roberts Wealth Advisors LLC acquired a new stake in Qualys during the first quarter worth $863,000. Institutional investors own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on QLYS shares. Scotiabank assumed coverage on shares of Qualys in a report on Friday, April 26th. They set a “sector perform” rating and a $172.00 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research report on Monday, May 13th. Robert W. Baird reduced their price target 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. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Truist Financial decreased their price target on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $164.50.

Qualys Trading Down 0.5 %

Shares of NASDAQ:QLYS traded down $0.66 during midday trading on Friday, hitting $137.76. The company had a trading volume of 446,418 shares, compared to its average volume of 379,207. Qualys, Inc. has a 12 month low of $131.07 and a 12 month high of $206.35. The firm has a fifty day simple moving average of $140.92 and a 200 day simple moving average of $158.66. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 31.89 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.17. The firm had revenue of $145.81 million for the quarter, compared to analyst estimates of $145.67 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. Equities analysts forecast that Qualys, Inc. will post 3.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $145.24, for a total value of $193,169.20. Following the completion of the sale, the insider now owns 59,616 shares in the company, valued at approximately $8,658,627.84. The transaction 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 company’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 transaction of $957,460.00. Following the sale, the chief executive officer now owns 186,601 shares in the company, valued at approximately $25,523,284.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $145.24, for a total transaction of $193,169.20. Following the completion of the transaction, the insider now directly owns 59,616 shares of the company’s stock, valued at $8,658,627.84. The disclosure for this sale can be found here. Insiders have sold 30,027 shares of company stock valued at $4,216,326 in the last 90 days. 1.00% of the stock is owned by insiders.

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.