Thrivent Financial for Lutherans Sells 277 Shares of Qualys, Inc. (NASDAQ:QLYS)

Thrivent Financial for Lutherans lowered its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,648 shares of the software maker’s stock after selling 277 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Qualys were worth $1,111,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of QLYS. Aigen Investment Management LP purchased a new position in shares of Qualys during the 3rd quarter valued at $445,000. DekaBank Deutsche Girozentrale raised its holdings in Qualys by 36.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock valued at $3,374,000 after acquiring an additional 5,508 shares during the period. SG Americas Securities LLC lifted its position in shares of Qualys by 2,459.9% in the second quarter. SG Americas Securities LLC now owns 43,135 shares of the software maker’s stock valued at $6,151,000 after acquiring an additional 41,450 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Qualys by 40.0% in the third quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after acquiring an additional 8,291 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Qualys by 57.7% during the second quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock worth $1,950,000 after purchasing an additional 5,004 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. The trade was a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,919 shares of company stock valued at $2,993,000. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on QLYS. UBS Group boosted their price target on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Scotiabank lowered their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC started coverage on shares of Qualys in a research report on Wednesday, November 6th. They set a “hold” rating for the company. Morgan Stanley lifted their price target on shares of Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group increased their price objective on shares of Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus price target of $152.80.

Qualys Price Performance

Shares of QLYS stock opened at $153.60 on Monday. The company has a market cap of $5.62 billion, a PE ratio of 33.83 and a beta of 0.47. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $206.35. The stock’s 50 day simple moving average is $134.34 and its two-hundred day simple moving average is $134.89.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.23. The company had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. Equities research analysts expect that Qualys, Inc. will post 4.34 EPS for the current year.

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.