Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 265,924 shares of the software maker’s stock after selling 21,089 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.72% of Qualys worth $44,375,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in QLYS. Rise Advisors LLC acquired a new stake in Qualys in the first quarter valued at about $26,000. Global Retirement Partners LLC lifted its position in Qualys by 1,666.7% in the first quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock valued at $27,000 after purchasing an additional 150 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Qualys in the fourth quarter valued at about $30,000. Sound Income Strategies LLC lifted its position in Qualys by 545.2% in the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after purchasing an additional 169 shares during the period. Finally, DecisionPoint Financial LLC acquired a new stake in Qualys in the first quarter valued at about $34,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Stock Up 2.2 %

Shares of QLYS traded up $3.16 during mid-day trading on Tuesday, reaching $148.65. 397,681 shares of the company’s stock were exchanged, compared to its average volume of 443,507. The company has a 50-day simple moving average of $141.10 and a two-hundred day simple moving average of $159.81. Qualys, Inc. has a 52-week low of $131.07 and a 52-week high of $206.35. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 33.68 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. As a group, equities research analysts predict that Qualys, Inc. will post 3.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research report on Monday, May 13th. Robert W. Baird dropped their target price on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Friday. Scotiabank began coverage on shares of Qualys in a report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 target price for the company. Finally, Truist Financial dropped their target price on shares of Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $164.50.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total value of $191,945.65. Following the completion of the sale, the insider now directly owns 58,947 shares of the company’s stock, valued at approximately $8,450,052.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Qualys news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $135.14, for a total value of $179,736.20. Following the transaction, the insider now owns 59,286 shares in the company, valued at approximately $8,011,910.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the transaction, the insider now owns 58,947 shares in the company, valued at approximately $8,450,052.45. The disclosure for this sale can be found here. In the last three months, insiders sold 30,027 shares of company stock valued at $4,216,326. Company 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.