Advisor Group Holdings Inc. Cuts Stake in Qualys, Inc. (NASDAQ:QLYS)

Advisor Group Holdings Inc. lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 34.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,555 shares of the software maker’s stock after selling 2,927 shares during the period. Advisor Group Holdings Inc.’s holdings in Qualys were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in shares of Qualys during the first quarter worth about $28,000. Panagora Asset Management Inc. grew its stake in Qualys by 8,814.3% during the 1st quarter. Panagora Asset Management Inc. now owns 1,248 shares of the software maker’s stock valued at $131,000 after acquiring an additional 1,234 shares in the last quarter. Huntington National Bank grew its stake in Qualys by 79.3% during the 2nd quarter. Huntington National Bank now owns 1,282 shares of the software maker’s stock valued at $129,000 after acquiring an additional 567 shares in the last quarter. Quantitative Systematic Strategies LLC grew its stake in Qualys by 14.6% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 2,315 shares of the software maker’s stock valued at $243,000 after acquiring an additional 295 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC grew its stake in Qualys by 30.5% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 2,368 shares of the software maker’s stock valued at $248,000 after acquiring an additional 554 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Philippe Courtot Family Trust sold 2,400 shares of the stock in a transaction on Tuesday, September 14th. The shares were sold at an average price of $120.09, for a total value of $288,216.00. Following the transaction, the insider now directly owns 4,675,749 shares of the company’s stock, valued at approximately $561,510,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sumedh S. Thakar sold 400 shares of the stock in a transaction on Tuesday, September 14th. The shares were sold at an average price of $120.15, for a total transaction of $48,060.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 362,855 shares of company stock worth $41,483,821. Insiders own 15.60% of the company’s stock.

QLYS has been the subject of several research reports. Loop Capital cut shares of Qualys from a “buy” rating to a “hold” rating and dropped their price objective for the company from $140.00 to $105.00 in a research note on Monday, July 26th. Zacks Investment Research upgraded shares of Qualys from a “sell” rating to a “hold” rating and set a $123.00 price objective on the stock in a report on Wednesday, August 11th. Morgan Stanley upped their price objective on shares of Qualys from $98.00 to $100.00 and gave the stock an “underweight” rating in a report on Tuesday, August 10th. Royal Bank of Canada upped their price objective on shares of Qualys from $105.00 to $112.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 10th. Finally, Needham & Company LLC upped their price objective on shares of Qualys from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Qualys currently has a consensus rating of “Hold” and an average price target of $111.00.

Qualys stock opened at $115.27 on Tuesday. The firm has a market cap of $4.49 billion, a PE ratio of 68.21 and a beta of 0.61. Qualys, Inc. has a 52-week low of $86.65 and a 52-week high of $148.84. The company’s 50 day moving average is $109.26 and its two-hundred day moving average is $104.45.

Qualys (NASDAQ:QLYS) last released its earnings results on Monday, August 9th. The software maker reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.11. Qualys had a net margin of 17.67% and a return on equity of 17.14%. The company had revenue of $99.70 million for the quarter, compared to analyst estimates of $98.98 million. During the same period in the prior year, the business earned $0.74 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts predict that Qualys, Inc. will post 1.44 EPS for the current year.

About Qualys

Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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