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

E. Ohman J or Asset Management AB lowered its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 18.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,680 shares of the software maker's stock after selling 2,585 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Qualys were worth $1,471,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Qualys in the fourth quarter valued at $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Qualys in the fourth quarter valued at $39,000. Quadrant Capital Group LLC increased its position in shares of Qualys by 88.1% in the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after buying an additional 156 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Qualys in the fourth quarter valued at $54,000. Finally, Huntington National Bank increased its position in shares of Qualys by 15.6% in the fourth quarter. Huntington National Bank now owns 932 shares of the software maker's stock valued at $131,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Qualys Price Performance

NASDAQ QLYS opened at $141.86 on Friday. The firm has a market capitalization of $5.15 billion, a P/E ratio of 30.51 and a beta of 0.61. Qualys, Inc. has a 1-year low of $112.61 and a 1-year high of $170.00. The business's 50-day simple moving average is $129.42 and its 200-day simple moving average is $136.15.

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

Insider Activity at Qualys

In related news, 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 transaction of $67,795.12. Following the sale, the insider now directly owns 65,053 shares in the company, valued at approximately $8,416,557.14. This trade represents a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Joo Mi Kim sold 1,358 shares of Qualys stock in a transaction that occurred 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 sale, the chief financial officer now owns 105,740 shares in the company, valued at $13,203,753.80. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,472 shares of company stock worth $3,181,068. 0.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on QLYS shares. Jefferies Financial Group dropped their price objective on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Canaccord Genuity Group dropped their price objective on Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wedbush dropped 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. Northland Securities reiterated a "market perform" rating and set a $146.00 price objective (down previously from $150.00) on shares of Qualys in a research report on Monday, February 10th. Finally, Royal Bank of Canada lifted their price objective on Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target 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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