Livforsakringsbolaget Skandia Omsesidigt Purchases 2,900 Shares of Qualys, Inc. (NASDAQ:QLYS)

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 49.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,750 shares of the software maker's stock after purchasing an additional 2,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Qualys were worth $1,102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QLYS. SBI Securities Co. Ltd. bought a new stake in shares of Qualys during the fourth quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Qualys in the 4th quarter valued at about $39,000. Quadrant Capital Group LLC raised its stake in shares of Qualys by 88.1% in the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after purchasing an additional 156 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Qualys in the fourth quarter valued at about $54,000. Finally, GAMMA Investing LLC grew its holdings in shares of Qualys by 246.3% during the first quarter. GAMMA Investing LLC now owns 973 shares of the software maker's stock worth $123,000 after buying an additional 692 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 8,500 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $136.30, for a total value of $1,158,550.00. Following the sale, the chief executive officer now directly owns 237,962 shares of the company's stock, valued at $32,434,220.60. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joo Mi Kim sold 845 shares of the business'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 transaction, the chief financial officer now directly owns 100,075 shares of the company's stock, valued at approximately $14,006,497. The trade was a 0.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,472 shares of company stock worth $3,181,068. 0.88% of the stock is currently owned by company insiders.

Qualys Stock Performance

Shares of NASDAQ QLYS traded down $0.05 during trading hours on Tuesday, reaching $141.72. 273,063 shares of the stock were exchanged, compared to its average volume of 377,945. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 30.48 and a beta of 0.61. The stock's fifty day simple moving average is $129.67 and its 200 day simple moving average is $135.90. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $170.00.

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, topping analysts' consensus estimates of $1.46 by $0.21. The company had revenue of $159.90 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 earnings per share. Research analysts predict that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Analysts Set New Price Targets

QLYS has been the topic of a number of research reports. Canaccord Genuity Group cut their price objective on shares of Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group decreased their target price on shares of Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Wedbush dropped their price target on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Qualys in a research note on Monday, February 10th. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $137.50.

Qualys Company Profile

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.