Wedge Capital Management L L P NC Sells 859 Shares of Qualys, Inc. (NASDAQ:QLYS)

Wedge Capital Management L L P NC lowered its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 9.3% in the fourth quarter, HoldingsChannel reports. The firm owned 8,341 shares of the software maker’s stock after selling 859 shares during the period. Wedge Capital Management L L P NC’s holdings in Qualys were worth $1,637,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Handelsbanken Fonder AB grew its holdings in Qualys by 44.2% during the fourth quarter. Handelsbanken Fonder AB now owns 6,851 shares of the software maker’s stock worth $1,345,000 after purchasing an additional 2,100 shares during the period. Signaturefd LLC boosted its holdings in shares of Qualys by 24.9% during the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after acquiring an additional 58 shares during the period. Calamos Advisors LLC bought a new stake in shares of Qualys during the fourth quarter worth approximately $591,000. Xponance Inc. boosted its holdings in shares of Qualys by 1.8% during the fourth quarter. Xponance Inc. now owns 6,376 shares of the software maker’s stock worth $1,251,000 after acquiring an additional 110 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Qualys during the fourth quarter worth approximately $363,000. Institutional investors own 99.31% of the company’s stock.

Qualys Stock Up 0.3 %

Shares of Qualys stock opened at $172.11 on Thursday. Qualys, Inc. has a twelve month low of $107.00 and a twelve month high of $206.35. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 42.60 and a beta of 0.51. The company’s fifty day moving average is $166.41 and its 200 day moving average is $175.60.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.26. The company had revenue of $144.57 million for the quarter, compared to analysts’ expectations of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. As a group, equities analysts anticipate that Qualys, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,430 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total transaction of $235,821.30. Following the sale, the insider now owns 63,057 shares of the company’s stock, valued at $10,398,729.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Bruce K. Posey sold 1,430 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total transaction of $235,821.30. Following the transaction, the insider now owns 63,057 shares of the company’s stock, valued at approximately $10,398,729.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joo Mi Kim sold 1,130 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $169.49, for a total transaction of $191,523.70. Following the transaction, the chief financial officer now directly owns 96,734 shares in the company, valued at approximately $16,395,445.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,792 shares of company stock valued at $2,455,489. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

QLYS has been the subject of a number of analyst reports. TD Cowen initiated coverage on shares of Qualys in a research report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price target for the company. StockNews.com downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research report on Sunday. JPMorgan Chase & Co. lifted their price target on shares of Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a research report on Thursday, February 8th. Wedbush lowered their price objective on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Finally, Truist Financial boosted their price objective on shares of Qualys from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Qualys currently has an average rating of “Hold” and a consensus price target of $153.23.

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.