Deutsche Bank AG Has $7.99 Million Position in Qualys, Inc. (NASDAQ:QLYS)

Deutsche Bank AG reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,947 shares of the software maker's stock after selling 10,002 shares during the quarter. Deutsche Bank AG owned about 0.16% of Qualys worth $7,985,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Cresset Asset Management LLC grew its position in shares of Qualys by 5.3% during the 4th quarter. Cresset Asset Management LLC now owns 7,231 shares of the software maker's stock worth $1,014,000 after buying an additional 365 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Qualys during the 4th quarter worth about $27,086,000. Brevan Howard Capital Management LP grew its position in shares of Qualys by 631.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 13,374 shares of the software maker's stock valued at $1,875,000 after purchasing an additional 11,545 shares during the period. Bridgefront Capital LLC grew its position in shares of Qualys by 37.0% in the 4th quarter. Bridgefront Capital LLC now owns 3,515 shares of the software maker's stock valued at $493,000 after purchasing an additional 949 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in shares of Qualys in the 4th quarter valued at approximately $838,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jeffrey P. Hank sold 4,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $128.93, for a total transaction of $515,720.00. Following the completion of the transaction, the director now directly owns 12,666 shares in the company, valued at $1,633,027.38. This trade represents a 24.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce K. Posey sold 524 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $129.38, for a total value of $67,795.12. Following the transaction, the insider now owns 65,053 shares of the company's stock, valued at $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. Over the last three months, insiders have sold 15,127 shares of company stock valued at $1,905,108. 0.88% of the stock is currently owned by corporate insiders.

Qualys Trading Up 0.7%

Shares of QLYS stock opened at $136.88 on Friday. The business's 50-day moving average price is $126.48 and its 200-day moving average price is $136.53. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $170.00. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 29.44 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 EPS 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 for the quarter, compared to analyst estimates of $157.05 million. During the same period last year, the firm posted $1.45 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley reduced their price target on Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Canaccord Genuity Group dropped their price target on Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Wedbush lowered their price objective on Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Scotiabank set a $142.00 price objective on Qualys and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Finally, Loop Capital reduced their target price on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $137.50.

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.

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