Norris Perne & French LLP MI Increases Holdings in Qualys, Inc. (NASDAQ:QLYS)

Norris Perne & French LLP MI increased its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,296 shares of the software maker's stock after acquiring an additional 3,596 shares during the period. Norris Perne & French LLP MI owned approximately 0.32% of Qualys worth $14,897,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Qualys in the fourth quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Qualys during the 4th quarter worth $39,000. Quadrant Capital Group LLC boosted its position 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 worth $47,000 after buying an additional 156 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Qualys in the 4th quarter valued at about $54,000. Finally, Fifth Third Bancorp grew its stake in Qualys by 27.9% in the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock valued at $63,000 after acquiring an additional 109 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $123.81, for a total transaction of $866,670.00. Following the transaction, the chief executive officer now directly owns 246,313 shares of the company's stock, valued at $30,496,012.53. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey P. Hank sold 657 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $139.07, for a total transaction of $91,368.99. Following the completion of the sale, the director now directly owns 13,888 shares of the company's stock, valued at $1,931,404.16. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,105 shares of company stock valued at $4,390,137. Company insiders own 0.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on QLYS shares. Wedbush cut their target price on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Canaccord Genuity Group cut 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. Morgan Stanley reduced 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. Scotiabank set a $142.00 target price on Qualys and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada raised their price target 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 research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $137.50.

Qualys Stock Performance

QLYS opened at $137.20 on Thursday. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The company's 50 day simple moving average is $132.41 and its 200 day simple moving average is $135.42. The stock has a market capitalization of $4.98 billion, a PE ratio of 28.06 and a beta of 0.61.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly 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. The company had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.05 million. Qualys had a net margin of 29.19% and a return on equity of 38.05%. Qualys's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $1.45 EPS. As a group, sell-side analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

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.

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