E. Ohman J or Asset Management AB Decreases Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

E. Ohman J or Asset Management AB trimmed its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 18.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,680 shares of the software maker's stock after selling 2,585 shares during the period. E. Ohman J or Asset Management AB's holdings in Qualys were worth $1,471,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Qualys by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock worth $604,721,000 after purchasing an additional 131,339 shares in the last quarter. Geode Capital Management LLC grew its stake in Qualys by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,262,931 shares of the software maker's stock worth $178,445,000 after purchasing an additional 16,369 shares in the last quarter. Legal & General Group Plc grew its stake in Qualys by 10.2% in the fourth quarter. Legal & General Group Plc now owns 954,583 shares of the software maker's stock worth $133,852,000 after purchasing an additional 88,347 shares in the last quarter. First Trust Advisors LP grew its stake in Qualys by 4.4% in the fourth quarter. First Trust Advisors LP now owns 920,163 shares of the software maker's stock worth $129,025,000 after purchasing an additional 38,880 shares in the last quarter. Finally, CDAM UK Ltd boosted its stake in Qualys by 21.6% in the fourth quarter. CDAM UK Ltd now owns 611,793 shares of the software maker's stock valued at $85,786,000 after acquiring an additional 108,880 shares during the period. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Price Performance

Qualys stock traded down $0.05 during trading hours on Tuesday, hitting $141.72. The company had a trading volume of 273,063 shares, compared to its average volume of 377,959. The firm has a market cap of $5.15 billion, a PE ratio of 30.48 and a beta of 0.61. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The firm has a 50-day moving average of $130.04 and a 200 day moving average of $135.94.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.21. Qualys had a net margin of 28.59% and a return on equity of 38.52%. The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.05 million. During the same quarter last year, the business posted $1.45 EPS. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on QLYS shares. Jefferies Financial Group decreased their target price on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Needham & Company LLC restated a "hold" rating on shares of Qualys in a research note on Monday, February 10th. Scotiabank set a $142.00 target price on Qualys and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded Qualys from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Finally, Wedbush decreased their target price on Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Three 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 stock. According to MarketBeat, Qualys currently has an average rating of "Hold" and a consensus price target of $137.50.

Insider Activity

In other Qualys news, insider Bruce K. Posey sold 524 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $129.38, for a total value of $67,795.12. Following the transaction, the insider now directly owns 65,053 shares in the company, valued at $8,416,557.14. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joo Mi Kim sold 845 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $139.96, for a total transaction of $118,266.20. Following the sale, the chief financial officer now owns 100,075 shares in the company, valued at $14,006,497. The trade was a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,472 shares of company stock valued at $3,181,068. 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.