Penserra Capital Management LLC Has $68.26 Million Position in Qualys, Inc. $QLYS

Penserra Capital Management LLC lowered its holdings in Qualys, Inc. (NASDAQ:QLYS) by 5.4% in the third quarter, Holdings Channel.com reports. The firm owned 515,840 shares of the software maker’s stock after selling 29,540 shares during the period. Qualys comprises approximately 0.8% of Penserra Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Penserra Capital Management LLC’s holdings in Qualys were worth $68,261,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QLYS. GHP Investment Advisors Inc. bought a new position in shares of Qualys during the 3rd quarter valued at $29,000. Versant Capital Management Inc boosted its holdings in Qualys by 451.0% in the third quarter. Versant Capital Management Inc now owns 270 shares of the software maker’s stock worth $36,000 after purchasing an additional 221 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Qualys during the second quarter worth $44,000. Elevation Point Wealth Partners LLC acquired a new position in Qualys during the second quarter worth $73,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Qualys by 3,218.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 531 shares of the software maker’s stock valued at $76,000 after buying an additional 515 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley reiterated an “underweight” rating and set a $117.00 price target on shares of Qualys in a research note on Thursday, December 18th. Canaccord Genuity Group boosted their target price on Qualys from $158.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Northland Securities set a $162.00 target price on Qualys in a research report on Wednesday, November 5th. Scotiabank dropped their price target on shares of Qualys from $150.00 to $139.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Qualys from $115.00 to $117.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Qualys currently has a consensus rating of “Hold” and an average target price of $143.57.

Qualys Trading Down 5.5%

Shares of QLYS stock opened at $127.52 on Wednesday. The firm has a market capitalization of $4.57 billion, a P/E ratio of 24.71 and a beta of 0.53. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $155.47. The firm’s fifty day simple moving average is $138.21 and its 200 day simple moving average is $135.40.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.30. Qualys had a net margin of 28.96% and a return on equity of 37.40%. The company had revenue of $169.88 million for the quarter, compared to analyst estimates of $166.30 million. During the same period last year, the business posted $1.56 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Insider Activity at Qualys

In other news, CEO Sumedh S. Thakar sold 5,000 shares of Qualys stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $133.76, for a total transaction of $668,800.00. Following the sale, the chief executive officer owned 247,800 shares of the company’s stock, valued at approximately $33,145,728. This trade represents a 1.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 1,101 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $132.34, for a total value of $145,706.34. Following the sale, the insider owned 68,598 shares in the company, valued at approximately $9,078,259.32. This represents a 1.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 37,628 shares of company stock worth $5,343,650. Company insiders own 1.00% of the company’s stock.

Qualys Profile

Qualys, Inc (NASDAQ: QLYS) is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company’s flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.