Prudential PLC Has $610,000 Holdings in Qualys, Inc. (NASDAQ:QLYS)

Prudential PLC decreased its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 63.5% in the fourth quarter, Holdings Channel reports. The fund owned 4,352 shares of the software maker’s stock after selling 7,586 shares during the period. Prudential PLC’s holdings in Qualys were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Qualys by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker’s stock valued at $64,016,000 after acquiring an additional 3,848 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Qualys by 13.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker’s stock worth $1,095,000 after buying an additional 933 shares in the last quarter. Raymond James Financial Inc. bought a new position in Qualys during the fourth quarter valued at about $15,937,000. Trust Point Inc. acquired a new position in Qualys in the 4th quarter valued at approximately $376,000. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Qualys by 26.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker’s stock worth $596,000 after acquiring an additional 902 shares during the period. 99.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 882 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $139.66, for a total transaction of $123,180.12. Following the completion of the transaction, the insider now directly owns 62,295 shares in the company, valued at approximately $8,700,119.70. The trade was a 1.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the sale, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at approximately $30,321,173.97. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,960 shares of company stock worth $3,465,246. Insiders own 1.00% of the company’s stock.

Qualys Stock Down 1.3 %

Shares of QLYS stock opened at $116.99 on Tuesday. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $174.20. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 25.16 and a beta of 0.71. The stock has a 50-day moving average price of $133.20 and a 200 day moving average price of $136.44.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. Sell-side analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley began coverage on shares of Qualys in a report on Tuesday, March 18th. They issued an “underweight” rating and a $120.00 price target on the stock. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group cut their price target on shares of Qualys from $145.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Royal Bank of Canada lowered their price objective on Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Finally, Northland Securities reiterated a “market perform” rating and set a $146.00 price objective (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $144.36.

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.