IQ EQ FUND MANAGEMENT IRELAND Ltd Lowers Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in Qualys, Inc. (NASDAQ:QLYS) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,087 shares of the software maker’s stock after selling 3,101 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.11% of Qualys worth $5,150,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in Qualys in the 1st quarter valued at $26,000. Sound Income Strategies LLC grew its position in Qualys by 545.2% during the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after buying an additional 169 shares in the last quarter. DecisionPoint Financial LLC bought a new position in Qualys in the 1st quarter worth about $34,000. First Horizon Advisors Inc. raised its holdings in shares of Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after acquiring an additional 168 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial decreased their price objective 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. Piper Sandler lowered their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Northland Securities reiterated a “market perform” rating and issued a $140.00 target price (down from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. Finally, UBS Group dropped their price target on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Qualys presently has an average rating of “Hold” and an average target price of $146.08.

Qualys Stock Up 0.1 %

Shares of QLYS opened at $126.14 on Thursday. The stock has a market capitalization of $4.66 billion, a P/E ratio of 29.20 and a beta of 0.46. Qualys, Inc. has a twelve month low of $119.32 and a twelve month high of $206.35. The firm has a fifty day simple moving average of $124.67 and a two-hundred day simple moving average of $140.51.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating the consensus estimate of $1.32 by $0.20. The firm had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. Sell-side analysts expect that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

Insider Transactions at Qualys

In other news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $133.93, for a total transaction of $82,500.88. Following the transaction, the chief financial officer now directly owns 87,077 shares of the company’s stock, valued at approximately $11,662,222.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the sale, the chief financial officer now directly owns 87,077 shares in the company, valued at approximately $11,662,222.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,535 shares of company stock worth $1,469,140. 1.00% of the stock is currently owned by insiders.

Qualys Company 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.