UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Qualys, Inc. (NASDAQ:QLYS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 334,603 shares of the software maker's stock after selling 52,904 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.91% of Qualys worth $46,918,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Voloridge Investment Management LLC increased its position in Qualys by 1.6% in the fourth quarter. Voloridge Investment Management LLC now owns 177,438 shares of the software maker's stock worth $24,880,000 after purchasing an additional 2,727 shares during the last quarter. Vident Advisory LLC boosted its stake in Qualys by 13.7% during the fourth quarter. Vident Advisory LLC now owns 53,313 shares of the software maker's stock worth $7,476,000 after buying an additional 6,415 shares during the period. Twinbeech Capital LP boosted its stake in shares of Qualys by 907.9% during the fourth quarter. Twinbeech Capital LP now owns 19,996 shares of the software maker's stock valued at $2,804,000 after purchasing an additional 18,012 shares during the period. Tidal Investments LLC boosted its stake in shares of Qualys by 63.0% during the fourth quarter. Tidal Investments LLC now owns 4,030 shares of the software maker's stock valued at $565,000 after purchasing an additional 1,558 shares during the period. Finally, Teza Capital Management LLC purchased a new stake in shares of Qualys during the fourth quarter valued at $229,000. Institutional investors own 99.31% of the company's stock.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 524 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the transaction, the insider now owns 65,053 shares in the company, valued at approximately $8,416,557.14. This represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 1,358 shares of the company's stock in a transaction that occurred on 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 owns 105,740 shares in the company, valued at $13,203,753.80. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,127 shares of company stock worth $1,904,252 in the last 90 days. 0.88% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on QLYS shares. JPMorgan Chase & Co. lowered 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. Canaccord Genuity Group lowered their target price on shares of Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Scotiabank set a $142.00 target price on shares of Qualys and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Qualys from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Finally, Loop Capital lowered their target price on shares of Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a research note on Friday, February 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $137.50.

Qualys Stock Up 0.5%

Shares of NASDAQ QLYS traded up $0.63 during trading hours on Friday, hitting $137.88. 45,565 shares of the stock were exchanged, compared to its average volume of 380,570. The company has a market cap of $5.01 billion, a PE ratio of 29.67 and a beta of 0.61. The firm has a fifty day moving average price of $128.00 and a 200-day moving average price of $136.46. Qualys, Inc. has a 12 month low of $112.61 and a 12 month 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 EPS for the quarter, topping the consensus estimate of $1.46 by $0.21. The firm had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. Qualys had a net margin of 28.59% and a return on equity of 38.52%. Qualys's revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. As a group, equities analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

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.