10,893 Shares in Qualys, Inc. (NASDAQ:QLYS) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,893 shares of the software maker's stock, valued at approximately $1,372,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QLYS. Charles Schwab Investment Management Inc. raised its stake in shares of 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 purchasing an additional 3,848 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Qualys in the fourth quarter worth approximately $15,937,000. Aurora Investment Counsel acquired a new position in shares of Qualys during the 4th quarter worth $2,243,000. Teacher Retirement System of Texas lifted its stake in shares of Qualys by 151.2% in the 4th quarter. Teacher Retirement System of Texas now owns 17,258 shares of the software maker's stock valued at $2,420,000 after purchasing an additional 10,387 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Qualys by 16.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,357 shares of the software maker's stock worth $14,072,000 after buying an additional 14,170 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Stock Performance

Shares of NASDAQ:QLYS traded down $1.93 during midday trading on Friday, reaching $135.28. 228,153 shares of the company's stock were exchanged, compared to its average volume of 374,588. The company's 50 day simple moving average is $132.70 and its two-hundred day simple moving average is $135.29. 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 $4.91 billion, a PE ratio of 27.66 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, topping analysts' consensus estimates of $1.46 by $0.21. Qualys had a net margin of 29.19% and a return on equity of 38.05%. The firm had revenue of $159.90 million during the quarter, compared to analysts' expectations of $157.05 million. During the same quarter last year, the company earned $1.45 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wedbush cut their price objective on Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of Qualys from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Canaccord Genuity Group reduced their price objective on shares of Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Scotiabank set a $142.00 target price on shares of Qualys and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley cut their target price on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Qualys presently has an average rating of "Hold" and a consensus price target of $137.50.

Insider Activity at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,358 shares of Qualys stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $124.87, for a total value of $169,573.46. Following the completion of the transaction, the chief financial officer now owns 105,740 shares in the company, valued at approximately $13,203,753.80. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $123.81, for a total value of $866,670.00. Following the completion of the sale, the chief executive officer now owns 246,313 shares of the company's stock, valued at approximately $30,496,012.53. This trade represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,105 shares of company stock valued at $4,390,137 in the last ninety days. Insiders own 0.88% of the company's stock.

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.