BI Asset Management Fondsmaeglerselskab A S Buys 27,117 Shares of Qualys, Inc. (NASDAQ:QLYS)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 373.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,387 shares of the software maker's stock after buying an additional 27,117 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.09% of Qualys worth $4,822,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QLYS. Barclays PLC increased its holdings in Qualys by 101.8% in the 3rd quarter. Barclays PLC now owns 112,214 shares of the software maker's stock worth $14,415,000 after purchasing an additional 56,613 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Qualys by 30.8% during the third quarter. Sanctuary Advisors LLC now owns 4,919 shares of the software maker's stock worth $632,000 after purchasing an additional 1,159 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Qualys by 70.5% in the third quarter. Tidal Investments LLC now owns 2,472 shares of the software maker's stock valued at $318,000 after buying an additional 1,022 shares during the period. Synovus Financial Corp raised its holdings in Qualys by 16.3% in the 3rd quarter. Synovus Financial Corp now owns 16,772 shares of the software maker's stock valued at $2,155,000 after buying an additional 2,356 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Qualys by 8.1% during the 3rd quarter. Franklin Resources Inc. now owns 39,603 shares of the software maker's stock worth $4,968,000 after buying an additional 2,972 shares during the period. 99.31% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction 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 completion of 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 represents a 2.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 4,542 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $140.08, for a total transaction of $636,243.36. Following the completion of the sale, the chief financial officer now owns 108,215 shares of the company's stock, valued at approximately $15,158,757.20. The trade was a 4.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,138 shares of company stock worth $3,519,970 over the last three months. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on QLYS. Needham & Company LLC restated a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Northland Securities reaffirmed a "market perform" rating and set a $146.00 target price (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Jefferies Financial Group decreased their price target on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. StockNews.com upgraded Qualys from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Finally, Royal Bank of Canada reduced their target price on Qualys from $162.00 to $135.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $142.21.

Qualys Stock Performance

Shares of NASDAQ QLYS traded up $1.86 during trading on Friday, hitting $126.75. 219,624 shares of the company traded hands, compared to its average volume of 395,367. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 27.26 and a beta of 0.71. The business's fifty day moving average is $126.80 and its 200 day moving average is $135.79. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $173.22.

Qualys (NASDAQ:QLYS - Get Free Report) 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%. On average, analysts predict 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.