Asset Management One Co. Ltd. Grows Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Asset Management One Co. Ltd. grew its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,212 shares of the software maker's stock after purchasing an additional 1,983 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.12% of Qualys worth $5,694,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp purchased a new stake in Qualys in the 4th quarter worth about $231,000. Y Intercept Hong Kong Ltd boosted its stake in shares of Qualys by 69.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 4,661 shares of the software maker's stock valued at $654,000 after purchasing an additional 1,905 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Qualys by 0.5% in the 4th quarter. Amalgamated Bank now owns 16,640 shares of the software maker's stock valued at $2,333,000 after acquiring an additional 77 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Qualys by 84.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 12,580 shares of the software maker's stock valued at $1,764,000 after purchasing an additional 5,756 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Qualys during the 4th quarter valued at $4,699,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 1,358 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $124.87, for a total transaction of $169,573.46. Following the completion of the transaction, the chief financial officer owned 105,740 shares in the company, valued at $13,203,753.80. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey P. Hank sold 4,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $128.93, for a total transaction of $515,720.00. Following the completion of the transaction, the director directly owned 12,666 shares of the company's stock, valued at approximately $1,633,027.38. The trade was a 24.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,630 shares of company stock valued at $4,461,516 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Jefferies Financial Group reduced their target price on Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. decreased their price objective on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Wedbush lowered their price objective on Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Qualys from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Finally, Morgan Stanley lowered their price target 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 analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $137.50.

Qualys Trading Down 0.6%

QLYS stock traded down $0.80 during midday trading on Wednesday, reaching $143.67. 130,912 shares of the company's stock traded hands, compared to its average volume of 368,800. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $170.00. The stock has a market cap of $5.22 billion, a P/E ratio of 29.46 and a beta of 0.62. The stock's 50-day moving average is $135.84 and its 200 day moving average is $134.40.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.46 by $0.21. The firm had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. Qualys had a return on equity of 38.05% and a net margin of 29.19%. Qualys's revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. As a group, research analysts expect that Qualys, Inc. will post 3.85 EPS for the current fiscal 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.