Neuberger Berman Group LLC Sells 30,736 Shares of Qualys, Inc. $QLYS

Neuberger Berman Group LLC cut its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 2.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,074,574 shares of the software maker’s stock after selling 30,736 shares during the period. Neuberger Berman Group LLC’s holdings in Qualys were worth $153,524,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its position in shares of Qualys by 4.1% during the 1st quarter. Citigroup Inc. now owns 62,729 shares of the software maker’s stock valued at $7,899,000 after acquiring an additional 2,482 shares during the last quarter. Invesco Ltd. lifted its position in Qualys by 2.8% during the first quarter. Invesco Ltd. now owns 415,582 shares of the software maker’s stock valued at $52,334,000 after purchasing an additional 11,481 shares during the last quarter. Nuveen LLC purchased a new position in shares of Qualys in the 1st quarter worth $13,291,000. Public Sector Pension Investment Board increased its holdings in shares of Qualys by 45.5% in the 1st quarter. Public Sector Pension Investment Board now owns 44,218 shares of the software maker’s stock worth $5,568,000 after buying an additional 13,818 shares during the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of Qualys by 44.1% in the 1st quarter. Horizon Investments LLC now owns 15,524 shares of the software maker’s stock worth $1,955,000 after buying an additional 4,754 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insider Activity

In related news, insider Bruce K. Posey sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. Following the completion of the transaction, the insider owned 70,776 shares of the company’s stock, valued at approximately $10,616,400. This represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 7,506 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $146.59, for a total value of $1,100,304.54. Following the transaction, the chief financial officer owned 108,074 shares in the company, valued at $15,842,567.66. This trade represents a 6.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,635 shares of company stock worth $4,486,535 in the last ninety days. Company insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on QLYS. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualys in a research report on Wednesday, October 8th. Berenberg Bank began coverage on Qualys in a report on Tuesday, November 18th. They issued a “hold” rating and a $165.00 target price for the company. Scotiabank decreased their price target on Qualys from $150.00 to $139.00 and set a “sector perform” rating on the stock 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. Finally, Truist Financial reiterated a “hold” rating and issued a $130.00 price target (down from $145.00) on shares of Qualys in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $142.14.

Qualys Stock Up 0.1%

Shares of NASDAQ:QLYS opened at $152.53 on Friday. The firm has a 50 day moving average of $137.50 and a 200 day moving average of $136.98. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 29.56 and a beta of 0.55. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $155.47.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, November 4th. The software maker reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.30. Qualys had a return on equity of 37.40% and a net margin of 28.96%.The firm had revenue of $169.88 million for the quarter, compared to the consensus estimate of $166.30 million. During the same period in the previous year, the business earned $1.56 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Qualys has set its FY 2025 guidance at 6.930-7.000 EPS and its Q4 2025 guidance at 1.730-1.800 EPS. On average, sell-side analysts expect that Qualys, Inc. will post 3.85 EPS for the current year.

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.