FourThought Financial Partners LLC Sells 400 Shares of Qualys, Inc. (NASDAQ:QLYS)

FourThought Financial Partners LLC decreased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,438 shares of the software maker’s stock after selling 400 shares during the period. FourThought Financial Partners LLC’s holdings in Qualys were worth $1,067,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Qualys in the 4th quarter valued at approximately $215,000. Natixis Advisors L.P. raised its position in Qualys by 3.1% during the fourth quarter. Natixis Advisors L.P. now owns 33,715 shares of the software maker’s stock worth $6,617,000 after acquiring an additional 1,005 shares in the last quarter. Jackson Creek Investment Advisors LLC lifted its stake in Qualys by 8.8% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 7,416 shares of the software maker’s stock valued at $1,456,000 after acquiring an additional 602 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Qualys by 39.0% in the 4th quarter. Van ECK Associates Corp now owns 12,887 shares of the software maker’s stock valued at $2,529,000 after acquiring an additional 3,615 shares during the period. Finally, Intrust Bank NA increased its stake in shares of Qualys by 1.4% during the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock worth $978,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on QLYS shares. Royal Bank of Canada cut their target price on shares of Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a research note on Thursday, February 8th. Stephens reiterated an “equal weight” rating and set a $190.00 target price on shares of Qualys in a research note on Thursday, February 8th. JPMorgan Chase & Co. boosted their target price on Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a report on Thursday, February 8th. TD Cowen initiated coverage on Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price target for the company. Finally, Scotiabank started coverage on shares of Qualys in a research report on Friday, April 26th. They set a “sector perform” rating and a $172.00 price objective for the company. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $154.57.

Insider Buying and Selling

In other news, CFO Joo Mi Kim sold 1,130 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $169.49, for a total value of $191,523.70. Following the completion of the transaction, the chief financial officer now directly owns 96,734 shares in the company, valued at approximately $16,395,445.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Qualys news, insider Bruce K. Posey sold 1,443 shares of Qualys stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $167.33, for a total value of $241,457.19. Following the transaction, the insider now owns 62,614 shares in the company, valued at $10,477,200.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Joo Mi Kim sold 1,130 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $169.49, for a total value of $191,523.70. Following the transaction, the chief financial officer now directly owns 96,734 shares of the company’s stock, valued at approximately $16,395,445.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,792 shares of company stock worth $2,455,489. Company insiders own 1.20% of the company’s stock.

Qualys Stock Down 0.4 %

Shares of QLYS traded down $0.63 during mid-day trading on Friday, hitting $165.37. 357,412 shares of the company’s stock were exchanged, compared to its average volume of 370,375. Qualys, Inc. has a 52 week low of $107.00 and a 52 week high of $206.35. The stock’s 50-day simple moving average is $166.86 and its 200-day simple moving average is $175.83. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 40.93 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.26. The business had revenue of $144.57 million for the quarter, compared to the consensus estimate of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. Analysts forecast that Qualys, Inc. will post 3.35 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.