Rhumbline Advisers cut its position in Qualys, Inc. (NASDAQ:QLYS – Free Report) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,592 shares of the software maker’s stock after selling 104 shares during the period. Rhumbline Advisers owned about 0.31% of Qualys worth $14,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Heritage Wealth Management LLC boosted its position in shares of Qualys by 100.0% during the fourth quarter. Heritage Wealth Management LLC now owns 232 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Qualys by 71.0% during the first quarter. Parallel Advisors LLC now owns 277 shares of the software maker’s stock worth $36,000 after acquiring an additional 115 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of Qualys during the fourth quarter worth $37,000. Counterpoint Mutual Funds LLC bought a new position in shares of Qualys during the first quarter worth $93,000. Finally, Point72 Middle East FZE bought a new position in shares of Qualys during the fourth quarter worth $102,000. Institutional investors own 95.90% of the company’s stock.
Qualys Trading Up 0.5 %
Qualys stock opened at $155.65 on Friday. The firm has a market capitalization of $5.71 billion, a PE ratio of 49.10 and a beta of 0.63. Qualys, Inc. has a 12-month low of $101.10 and a 12-month high of $162.36. The firm has a 50-day moving average price of $137.72 and a 200-day moving average price of $127.63.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on QLYS shares. DA Davidson dropped their target price on shares of Qualys from $120.00 to $115.00 in a research report on Friday, May 5th. Northland Securities increased their price objective on shares of Qualys from $132.00 to $136.00 in a research report on Friday, August 4th. Wedbush increased their price objective on shares of Qualys from $130.00 to $160.00 in a research report on Friday, August 4th. TD Cowen increased their price objective on shares of Qualys from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity Group increased their price objective on shares of Qualys from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Qualys has a consensus rating of “Hold” and a consensus price target of $138.41.
View Our Latest Stock Report on QLYS
Insider Buying and Selling
In related news, insider Bruce K. Posey sold 1,578 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $145.49, for a total value of $229,583.22. Following the transaction, the insider now owns 52,377 shares of the company’s stock, valued at approximately $7,620,329.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jeffrey P. Hank sold 1,556 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $128.12, for a total value of $199,354.72. Following the transaction, the director now owns 12,203 shares of the company’s stock, valued at approximately $1,563,448.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce K. Posey sold 1,578 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $145.49, for a total transaction of $229,583.22. Following the transaction, the insider now directly owns 52,377 shares in the company, valued at approximately $7,620,329.73. The disclosure for this sale can be found here. Insiders have sold 36,100 shares of company stock valued at $4,962,961 in the last 90 days. Company insiders own 1.20% of the company’s stock.
Qualys Company Profile
Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.
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