Livforsakringsbolaget Skandia Omsesidigt Increases Holdings in Qualys, Inc. (NASDAQ:QLYS)

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 49.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,750 shares of the software maker's stock after buying an additional 2,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Qualys were worth $1,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Qualys by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock valued at $64,016,000 after acquiring an additional 3,848 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Qualys during the fourth quarter worth $15,937,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Qualys by 13.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker's stock valued at $1,095,000 after purchasing an additional 933 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in Qualys by 26.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker's stock valued at $596,000 after purchasing an additional 902 shares during the last quarter. Finally, Aurora Investment Counsel purchased a new stake in Qualys in the fourth quarter valued at $2,243,000. Institutional investors and hedge funds own 99.31% of the company's stock.

Qualys Stock Down 1.4%

Shares of NASDAQ QLYS traded down $1.90 during trading on Friday, hitting $138.78. The company had a trading volume of 291,224 shares, compared to its average volume of 377,457. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 29.85 and a beta of 0.61. The stock has a fifty day simple moving average of $131.41 and a two-hundred day simple moving average of $135.74. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 38.52% and a net margin of 28.59%. The company had revenue of $159.90 million for the quarter, compared to analysts' expectations of $157.05 million. During the same period in the previous year, the firm posted $1.45 EPS. Qualys's revenue was up 9.7% compared to the same quarter last year. On average, analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Joo Mi Kim sold 1,358 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $124.87, for a total transaction of $169,573.46. Following the transaction, the chief financial officer now directly owns 105,740 shares in the company, valued at approximately $13,203,753.80. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 524 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were 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 of the company's stock, valued at approximately $8,416,557.14. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,472 shares of company stock worth $3,181,068. 0.88% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on QLYS. Royal Bank of Canada lifted their price objective on Qualys from $131.00 to $140.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Wedbush decreased their price target on Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Scotiabank set a $142.00 price objective on Qualys and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group dropped their price objective on shares of Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $137.50.

Qualys 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.