Intrust Bank NA Sells 197 Shares of Qualys, Inc. (NASDAQ:QLYS)

Intrust Bank NA lessened its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,932 shares of the software maker’s stock after selling 197 shares during the period. Intrust Bank NA’s holdings in Qualys were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QLYS. SBI Securities Co. Ltd. acquired a new position in Qualys during the 4th quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new stake in Qualys in the 4th quarter valued at $39,000. Fifth Third Bancorp lifted its position in Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after buying an additional 99 shares in the last quarter. Quarry LP grew its holdings in shares of Qualys by 56.2% in the 3rd quarter. Quarry LP now owns 439 shares of the software maker’s stock valued at $56,000 after acquiring an additional 158 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Qualys during the fourth quarter worth about $91,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Wall Street Analyst Weigh In

QLYS has been the subject of several recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a report on Monday, February 10th. Northland Securities reaffirmed a “market perform” rating and issued a $146.00 price objective (down from $150.00) on shares of Qualys in a research report on Monday, February 10th. Loop Capital dropped their price target on Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group decreased their price objective on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Morgan Stanley began coverage on shares of Qualys in a research note on Tuesday, March 18th. They set an “underweight” rating and a $120.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $146.14.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 524 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $129.38, for a total value of $67,795.12. Following the transaction, the insider now directly owns 65,053 shares of the company’s stock, valued at $8,416,557.14. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $142.17, for a total transaction of $995,190.00. Following the sale, the chief executive officer now directly owns 246,144 shares of the company’s stock, valued at approximately $34,994,292.48. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,595 shares of company stock valued at $3,691,922 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Qualys Trading Down 2.3 %

Shares of QLYS opened at $127.18 on Friday. Qualys, Inc. has a 12 month low of $119.17 and a 12 month high of $174.20. The firm’s 50 day moving average is $135.35 and its 200-day moving average is $136.39. The stock has a market capitalization of $4.64 billion, a PE ratio of 27.35 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. Equities research analysts predict that Qualys, Inc. will post 3.85 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.