Princeton Capital Management LLC Has $343,000 Holdings in Qualys, Inc. (NASDAQ:QLYS)

Princeton Capital Management LLC trimmed its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 9.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,726 shares of the software maker’s stock after selling 290 shares during the period. Princeton Capital Management LLC’s holdings in Qualys were worth $343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Qualys during the 4th quarter worth approximately $27,086,000. Penserra Capital Management LLC increased its position in Qualys by 53.3% in the first quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker’s stock worth $62,849,000 after buying an additional 173,512 shares in the last quarter. Vanguard Group Inc. boosted its stake in Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock worth $604,721,000 after purchasing an additional 131,339 shares during the period. GAMMA Investing LLC raised its stake in Qualys by 43,505.0% during the first quarter. GAMMA Investing LLC now owns 122,530 shares of the software maker’s stock valued at $15,430,000 after purchasing an additional 122,249 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Qualys by 37.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 423,576 shares of the software maker’s stock valued at $59,393,000 after acquiring an additional 115,427 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

Qualys Price Performance

QLYS traded down $0.92 during midday trading on Thursday, hitting $139.42. 18,447 shares of the company’s stock traded hands, compared to its average volume of 331,272. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The company has a market cap of $5.06 billion, a PE ratio of 28.44 and a beta of 0.62. The stock’s fifty day simple moving average is $140.10 and its 200-day simple moving average is $134.56.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.21. Qualys had a net margin of 29.19% and a return on equity of 38.05%. The company had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.05 million. During the same period in the prior year, the firm earned $1.45 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that Qualys, Inc. will post 3.85 EPS for the current year.

Insider Transactions at Qualys

In other news, Director Jeffrey P. Hank sold 4,000 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $128.93, for a total value of $515,720.00. Following the completion of the sale, the director directly owned 12,666 shares in the company, valued at $1,633,027.38. This represents a 24.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Joo Mi Kim sold 1,018 shares of Qualys stock in a transaction on Monday, May 5th. The stock was sold at an average price of $126.75, for a total transaction of $129,031.50. Following the completion of the transaction, the chief financial officer directly owned 100,920 shares in the company, valued at $12,791,610. This represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,598 shares of company stock worth $6,529,928. 0.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on QLYS shares. Morgan Stanley decreased their price objective on Qualys from $120.00 to $90.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Wall Street Zen raised Qualys from a “hold” rating to a “buy” rating in a report on Sunday, June 22nd. Royal Bank Of Canada boosted their price objective on Qualys from $131.00 to $140.00 and gave the company a “sector perform” rating in a report on Wednesday, May 7th. Canaccord Genuity Group lowered their price objective on shares of Qualys from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group lowered their target price on Qualys from $145.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, March 31st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $137.50.

Qualys 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.