Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors lessened its stake in Qualys, Inc. (NASDAQ:QLYS) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,935 shares of the software maker’s stock after selling 324 shares during the period. Arkadios Wealth Advisors’ holdings in Qualys were worth $552,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QLYS. Financial Enhancement Group LLC increased its holdings in Qualys by 1.5% in the third quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock valued at $784,000 after buying an additional 91 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Qualys by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after acquiring an additional 107 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Qualys by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock valued at $6,622,000 after acquiring an additional 127 shares in the last quarter. West Coast Financial LLC raised its position in shares of Qualys by 0.6% during the 3rd quarter. West Coast Financial LLC now owns 23,177 shares of the software maker’s stock valued at $2,977,000 after acquiring an additional 127 shares in the last quarter. Finally, Quarry LP lifted its stake in Qualys by 56.2% during the third quarter. Quarry LP now owns 439 shares of the software maker’s stock worth $56,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Qualys Stock Performance

Shares of QLYS stock opened at $139.74 on Wednesday. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $201.03. The business’s fifty day moving average is $145.45 and its 200-day moving average is $135.64. The stock has a market cap of $5.11 billion, a PE ratio of 30.78 and a beta of 0.57.

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

Insider Buying and Selling

In other news, insider Bruce K. Posey sold 8,555 shares of Qualys stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $154.62, for a total value of $1,322,774.10. Following the transaction, the insider now directly owns 64,032 shares of the company’s stock, valued at $9,900,627.84. This trade represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey P. Hank sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $146.31, for a total transaction of $585,240.00. Following the completion of the sale, the director now owns 12,666 shares of the company’s stock, valued at approximately $1,853,162.46. This trade represents a 24.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,377 shares of company stock worth $4,454,973. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on QLYS. Morgan Stanley increased their target price on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Canaccord Genuity Group raised their target price on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. UBS Group upped their target price on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Wolfe Research upgraded Qualys from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group increased their target price on Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $152.80.

Qualys Company 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.