UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in Qualys, Inc. (NASDAQ:QLYS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Qualys, Inc. (NASDAQ:QLYS) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387,507 shares of the software maker’s stock after selling 13,545 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.06% of Qualys worth $49,779,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QLYS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Qualys by 7.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,081 shares of the software maker’s stock worth $3,993,000 after purchasing an additional 2,243 shares during the last quarter. FORA Capital LLC grew its stake in shares of Qualys by 52.2% during the 3rd quarter. FORA Capital LLC now owns 13,835 shares of the software maker’s stock valued at $1,777,000 after buying an additional 4,747 shares during the period. Blueshift Asset Management LLC grew its stake in shares of Qualys by 39.6% during the 3rd quarter. Blueshift Asset Management LLC now owns 4,041 shares of the software maker’s stock valued at $519,000 after buying an additional 1,147 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Qualys by 6.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker’s stock worth $8,134,000 after buying an additional 4,040 shares during the last quarter. Finally, FMR LLC raised its position in shares of Qualys by 21.5% in the 3rd quarter. FMR LLC now owns 57,399 shares of the software maker’s stock worth $7,374,000 after buying an additional 10,170 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Stock Performance

QLYS opened at $157.61 on Wednesday. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $206.35. The company has a 50-day moving average of $135.57 and a 200-day moving average of $135.00. The company has a market capitalization of $5.77 billion, a P/E ratio of 34.72 and a beta of 0.54.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. During the same quarter in the prior year, the firm posted $1.24 earnings per share. Qualys’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on QLYS shares. Needham & Company LLC assumed coverage on Qualys in a report on Wednesday, November 6th. They issued a “hold” rating on the stock. Piper Sandler cut their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. DA Davidson increased their price objective on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price target on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Finally, TD Cowen boosted their price objective on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $152.80.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 8,555 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total value of $1,322,774.10. Following the completion of the sale, the insider now directly owns 64,032 shares in the company, valued at approximately $9,900,627.84. This trade represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,474 shares of company stock worth $4,315,774 over the last 90 days. Insiders own 1.00% of the company’s stock.

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.