Asset Management One Co. Ltd. Purchases 1,983 Shares of Qualys, Inc. (NASDAQ:QLYS)

Asset Management One Co. Ltd. boosted its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QLYS. Retirement Systems of Alabama grew its stake in shares of Qualys by 162.4% in the first quarter. Retirement Systems of Alabama now owns 147,535 shares of the software maker's stock worth $18,579,000 after acquiring an additional 91,312 shares during the last quarter. Norris Perne & French LLP MI grew its stake in shares of Qualys by 3.1% in the first quarter. Norris Perne & French LLP MI now owns 118,296 shares of the software maker's stock worth $14,897,000 after acquiring an additional 3,596 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Qualys by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 4,287 shares of the software maker's stock worth $539,000 after acquiring an additional 115 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Qualys by 5.6% in the first quarter. QRG Capital Management Inc. now owns 4,275 shares of the software maker's stock worth $538,000 after acquiring an additional 226 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Qualys by 1.2% in the first quarter. Janney Montgomery Scott LLC now owns 114,843 shares of the software maker's stock worth $14,462,000 after acquiring an additional 1,372 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Qualys Stock Performance

QLYS stock opened at $141.03 on Friday. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00. The business's 50-day moving average is $134.82 and its two-hundred day moving average is $134.48. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 28.84 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its 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 38.05% and a net margin of 29.19%. The company had revenue of $159.90 million for the quarter, compared to the consensus estimate of $157.05 million. During the same quarter in the prior year, the company earned $1.45 earnings per share. Qualys's revenue was up 9.7% on a year-over-year basis. Equities analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 540 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $117.86, for a total value of $63,644.40. Following the transaction, the insider now owns 64,513 shares of the company's stock, valued at $7,603,502.18. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joo Mi Kim sold 845 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $139.96, for a total value of $118,266.20. Following the completion of the transaction, the chief financial officer now directly owns 100,075 shares in the company, valued at $14,006,497. This trade represents a 0.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,630 shares of company stock valued at $4,461,516. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on QLYS shares. Royal Bank Of Canada increased their target price on Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Scotiabank set a $142.00 target price on Qualys and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Canaccord Genuity Group cut their target price 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 cut their target price on Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley cut their target price on Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $137.50.

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.

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