Raymond James Financial Services Advisors Inc. Cuts Position in Qualys, Inc. (NASDAQ:QLYS)

Raymond James Financial Services Advisors Inc. trimmed its position in Qualys, Inc. (NASDAQ:QLYS) by 24.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,756 shares of the software maker’s stock after selling 875 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Qualys were worth $541,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. KLR Investment Advisors LLC raised its holdings in shares of Qualys by 3.3% in the 3rd quarter. KLR Investment Advisors LLC now owns 2,384 shares of the software maker’s stock worth $364,000 after purchasing an additional 77 shares during the period. Park Place Capital Corp raised its holdings in shares of Qualys by 12.3% during the 3rd quarter. Park Place Capital Corp now owns 733 shares of the software maker’s stock valued at $112,000 after buying an additional 80 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Qualys by 15.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 606 shares of the software maker’s stock valued at $78,000 after buying an additional 81 shares during the period. Dark Forest Capital Management LP raised its holdings in shares of Qualys by 58.2% during the 1st quarter. Dark Forest Capital Management LP now owns 242 shares of the software maker’s stock valued at $31,000 after buying an additional 89 shares during the period. Finally, Metropolitan Life Insurance Co NY raised its holdings in shares of Qualys by 4.2% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,374 shares of the software maker’s stock valued at $266,000 after buying an additional 95 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,000 shares of Qualys stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $197.78, for a total transaction of $197,780.00. Following the sale, the insider now owns 63,255 shares of the company’s stock, valued at approximately $12,510,573.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Bruce K. Posey sold 1,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $197.78, for a total value of $197,780.00. Following the sale, the insider now owns 63,255 shares of the company’s stock, valued at approximately $12,510,573.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 4,120 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $167.62, for a total value of $690,594.40. Following the completion of the sale, the chief executive officer now directly owns 194,481 shares in the company, valued at approximately $32,598,905.22. The disclosure for this sale can be found here. Insiders have sold 14,349 shares of company stock valued at $2,411,812 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Qualys Price Performance

NASDAQ:QLYS opened at $162.84 on Friday. Qualys, Inc. has a 12-month low of $107.00 and a 12-month high of $206.35. The firm has a market capitalization of $6.02 billion, a P/E ratio of 40.31 and a beta of 0.51. The business has a 50 day simple moving average of $166.61 and a 200 day simple moving average of $175.05.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.26. Qualys had a return on equity of 49.06% and a net margin of 27.34%. The business had revenue of $144.57 million during the quarter, compared to analyst estimates of $144.69 million. Research analysts anticipate that Qualys, Inc. will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

QLYS has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a report on Thursday, February 8th. Stephens restated an “equal weight” rating and set a $190.00 price objective on shares of Qualys in a report on Thursday, February 8th. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. TD Cowen began coverage on Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price objective on the stock. Finally, Wedbush dropped their price objective on Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $153.23.

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.