Algert Global LLC Has $3.90 Million Position in Qualys, Inc. (NASDAQ:QLYS)

Algert Global LLC grew its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 53.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,776 shares of the software maker's stock after acquiring an additional 9,662 shares during the quarter. Algert Global LLC owned 0.08% of Qualys worth $3,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Qualys during the 4th quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Qualys during the 4th quarter worth approximately $39,000. Quadrant Capital Group LLC increased its position in shares of Qualys by 88.1% during the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after purchasing an additional 156 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Qualys in the fourth quarter valued at $54,000. Finally, Fifth Third Bancorp lifted its position in Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 99.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on QLYS shares. StockNews.com upgraded shares of Qualys from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Morgan Stanley cut their target price on Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Loop Capital lowered their price target on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group dropped their target price on shares of Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their price target on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $137.50.

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 525 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $139.48, for a total transaction of $73,227.00. Following the completion of the sale, the insider now owns 65,373 shares of the company's stock, valued at $9,118,226.04. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joo Mi Kim sold 4,542 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $140.08, for a total transaction of $636,243.36. Following the completion of the transaction, the chief financial officer now owns 108,215 shares of the company's stock, valued at $15,158,757.20. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,669 shares of company stock valued at $3,536,541 in the last quarter. 0.88% of the stock is currently owned by insiders.

Qualys Stock Performance

Qualys stock traded up $2.34 during mid-day trading on Monday, reaching $134.65. The company's stock had a trading volume of 61,097 shares, compared to its average volume of 386,454. The business's 50 day simple moving average is $125.61 and its 200 day simple moving average is $136.24. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $170.00. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 28.87 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.21. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The firm had revenue of $159.90 million during the quarter, compared to the consensus estimate of $157.05 million. During the same period last year, the company earned $1.45 earnings per share. The business's revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts expect that Qualys, Inc. will post 3.85 EPS for the current 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.