Vontobel Holding Ltd. Sells 8,721 Shares of Qualys, Inc. (NASDAQ:QLYS)

Vontobel Holding Ltd. reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,303 shares of the software maker's stock after selling 8,721 shares during the quarter. Vontobel Holding Ltd. owned 0.16% of Qualys worth $7,342,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Qualys during the 4th quarter worth $27,086,000. Vanguard Group Inc. lifted its stake in Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock valued at $604,721,000 after purchasing an additional 131,339 shares during the last quarter. GAMMA Investing LLC boosted its position in Qualys by 43,505.0% in the first quarter. GAMMA Investing LLC now owns 122,530 shares of the software maker's stock valued at $15,430,000 after buying an additional 122,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Qualys by 37.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 423,576 shares of the software maker's stock worth $59,393,000 after buying an additional 115,427 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Qualys in the 4th quarter valued at $15,937,000. Institutional investors own 99.31% of the company's stock.

Analyst Upgrades and Downgrades

QLYS has been the topic of a number of research reports. Wedbush reduced their price objective on Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group lowered their price objective on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Wall Street Zen upgraded shares of Qualys from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. decreased their price target on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Finally, Canaccord Genuity Group dropped their price target 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. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $137.50.

Qualys Price Performance

Shares of Qualys stock traded up $7.23 during trading on Friday, reaching $151.21. 361,983 shares of the company traded hands, compared to its average volume of 370,739. The company has a 50 day moving average price of $136.81 and a 200-day moving average price of $134.50. The firm has a market capitalization of $5.49 billion, a PE ratio of 30.92 and a beta of 0.62. Qualys, Inc. has a 1-year low of $112.61 and a 1-year 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, 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 return on equity of 38.05% and a net margin of 29.19%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share. Equities research analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insider Activity

In other Qualys news, CEO Sumedh S. Thakar sold 8,500 shares of the business's stock in a transaction on 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 transaction, the chief executive officer owned 237,962 shares of the company's stock, valued at approximately $32,434,220.60. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joo Mi Kim sold 1,358 shares of Qualys stock in a transaction 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 owned 105,740 shares in the company, valued at $13,203,753.80. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,630 shares of company stock worth $4,461,516 in the last quarter. 0.88% of the stock is owned by corporate insiders.

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.