Huntington National Bank Boosts Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Huntington National Bank lifted its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 932 shares of the software maker’s stock after buying an additional 126 shares during the period. Huntington National Bank’s holdings in Qualys were worth $131,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of QLYS. Charles Schwab Investment Management Inc. grew its position in Qualys by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker’s stock worth $64,016,000 after acquiring an additional 3,848 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Qualys by 13.5% in 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 purchasing an additional 933 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Qualys in the fourth quarter worth $15,937,000. Trust Point Inc. bought a new stake in Qualys during the 4th quarter valued at $376,000. Finally, Kestra Private Wealth Services LLC boosted its position in Qualys by 26.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker’s stock valued at $596,000 after buying an additional 902 shares during the period. Institutional investors own 99.31% of the company’s stock.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $142.17, for a total value of $995,190.00. Following the transaction, the chief executive officer now owns 246,144 shares of the company’s stock, valued at $34,994,292.48. This represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce K. Posey sold 524 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the sale, the insider now directly owns 65,053 shares of the company’s stock, valued at approximately $8,416,557.14. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,960 shares of company stock worth $3,465,246. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QLYS shares. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Friday. Canaccord Genuity Group lowered their price target on Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Morgan Stanley initiated coverage on Qualys in a research report on Tuesday, March 18th. They issued an “underweight” rating and a $120.00 price objective on the stock. Loop Capital reduced their target price on Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $146.00 price target (down previously from $150.00) on shares of Qualys in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.36.

Qualys Price Performance

NASDAQ QLYS opened at $118.59 on Monday. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 25.50 and a beta of 0.71. Qualys, Inc. has a 1-year low of $116.67 and a 1-year high of $174.20. The business’s fifty day moving average price is $133.80 and its 200-day moving average price is $136.49.

Qualys (NASDAQ:QLYS) last posted its 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 net margin of 28.59% and a return on equity of 38.52%. Equities research analysts anticipate that Qualys, Inc. will post 3.85 EPS 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.