Main Management ETF Advisors LLC Lowers Position in Qualys, Inc. (NASDAQ:QLYS)

Main Management ETF Advisors LLC trimmed its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,696 shares of the software maker’s stock after selling 512 shares during the period. Main Management ETF Advisors LLC’s holdings in Qualys were worth $799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of QLYS. Vanguard Group Inc. grew its position in shares of Qualys by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock valued at $604,721,000 after purchasing an additional 131,339 shares in the last quarter. Geode Capital Management LLC boosted its stake in Qualys by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,262,931 shares of the software maker’s stock valued at $178,445,000 after buying an additional 16,369 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Qualys by 13.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock valued at $147,178,000 after buying an additional 123,530 shares in the last quarter. Legal & General Group Plc increased its stake in Qualys by 10.2% in the 4th quarter. Legal & General Group Plc now owns 954,583 shares of the software maker’s stock worth $133,852,000 after acquiring an additional 88,347 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Qualys by 4.4% during the 4th quarter. First Trust Advisors LP now owns 920,163 shares of the software maker’s stock worth $129,025,000 after acquiring an additional 38,880 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $142.17, for a total transaction of $995,190.00. Following the transaction, the chief executive officer now directly owns 246,144 shares in the company, valued at approximately $34,994,292.48. This trade represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joo Mi Kim sold 4,542 shares of Qualys stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $140.08, for a total transaction of $636,243.36. Following the transaction, the chief financial officer now directly owns 108,215 shares in the company, valued at approximately $15,158,757.20. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,669 shares of company stock valued at $3,536,541. Company insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on QLYS shares. Canaccord Genuity Group cut their target price on shares of Qualys from $163.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on shares of Qualys from $122.00 to $117.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. Wedbush lowered their price target on shares of Qualys from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Finally, StockNews.com raised Qualys from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Qualys presently has an average rating of “Hold” and an average price target of $137.50.

Qualys Stock Performance

Qualys stock opened at $136.75 on Wednesday. The company has a market capitalization of $4.97 billion, a PE ratio of 29.41 and a beta of 0.61. The company has a 50 day moving average price of $125.70 and a 200-day moving average price of $136.35. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.21. The business had revenue of $159.90 million during the quarter, compared to analysts’ expectations of $157.05 million. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. On average, analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

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.