Duality Advisers LP Lowers Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Duality Advisers LP reduced its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,415 shares of the software maker’s stock after selling 747 shares during the period. Duality Advisers LP’s holdings in Qualys were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Qualys in the fourth quarter valued at $30,000. Rise Advisors LLC acquired a new stake in shares of Qualys in the first quarter valued at $26,000. Global Retirement Partners LLC raised its stake in shares of 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 acquiring an additional 150 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of 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 acquiring an additional 169 shares in the last quarter. Finally, DecisionPoint Financial LLC acquired a new stake in shares of Qualys in the first quarter valued at $34,000. 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, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $135.56, for a total value of $83,504.96. Following the sale, the chief financial officer now owns 92,580 shares of the company’s stock, valued at approximately $12,550,144.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $135.56, for a total transaction of $83,504.96. Following the completion of the sale, the chief financial officer now directly owns 92,580 shares in the company, valued at approximately $12,550,144.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bruce K. Posey sold 1,443 shares of Qualys stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $167.33, for a total transaction of $241,457.19. Following the sale, the insider now owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,165 shares of company stock valued at $3,925,202. 1.00% of the stock is owned by corporate insiders.

Qualys Trading Up 0.5 %

Shares of NASDAQ QLYS traded up $0.64 during midday trading on Friday, reaching $142.82. 151,612 shares of the company were exchanged, compared to its average volume of 448,778. Qualys, Inc. has a 1 year low of $128.98 and a 1 year high of $206.35. The stock has a fifty day simple moving average of $143.26 and a 200 day simple moving average of $164.24. The stock has a market cap of $5.28 billion, a P/E ratio of 33.08 and a beta of 0.49.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QLYS. Scotiabank began coverage on Qualys in a research note on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price objective on the stock. Truist Financial cut their price target on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. TD Cowen began coverage on Qualys in a research note on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price target on the stock. Robert W. Baird cut their price target on Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Monday, May 13th. Three equities 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 company’s stock. According to MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus price target of $164.50.

About Qualys

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.