SkyOak Wealth LLC Sells 2,524 Shares of Qualys, Inc. (NASDAQ:QLYS)

SkyOak Wealth LLC reduced its stake in Qualys, Inc. (NASDAQ:QLYS) by 61.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,593 shares of the software maker’s stock after selling 2,524 shares during the quarter. SkyOak Wealth LLC’s holdings in Qualys were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QLYS. Geode Capital Management LLC boosted its stake in Qualys by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker’s stock valued at $160,957,000 after buying an additional 20,038 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of Qualys by 14.5% in the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after purchasing an additional 117,079 shares in the last quarter. CDAM UK Ltd grew its holdings in shares of Qualys by 8.3% in the 3rd quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock worth $64,604,000 after purchasing an additional 38,509 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Qualys by 8.3% during the 3rd quarter. Penserra Capital Management LLC now owns 373,995 shares of the software maker’s stock worth $48,043,000 after purchasing an additional 28,802 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Qualys by 1,386.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker’s stock valued at $49,876,000 after purchasing an additional 331,766 shares during the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on QLYS. DA Davidson raised their price objective on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Canaccord Genuity Group raised their price target on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC began coverage on Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating on the stock. Jefferies Financial Group raised their target price on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, UBS Group upped their price target on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Qualys has a consensus rating of “Hold” and an average target price of $152.80.

Insider Activity

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the transaction, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at approximately $30,321,173.97. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 8,555 shares of the business’s 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 completion of the transaction, the insider now owns 64,032 shares of the company’s stock, valued at $9,900,627.84. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,259 shares of company stock valued at $4,578,153 in the last ninety days. 1.00% of the stock is owned by insiders.

Qualys Stock Performance

Shares of QLYS stock opened at $139.41 on Monday. The firm’s 50 day moving average price is $144.41 and its two-hundred day moving average price is $135.61. Qualys, Inc. has a 52-week low of $119.17 and a 52-week high of $192.09. The stock has a market cap of $5.10 billion, a PE ratio of 30.71 and a beta of 0.56.

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