Vontobel Holding Ltd. cut its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,497 shares of the software maker's stock after selling 9,939 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.15% of Qualys worth $11,089,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its holdings in Qualys by 46.9% in the third quarter. Invesco Ltd. now owns 250,661 shares of the software maker's stock valued at $38,238,000 after purchasing an additional 80,079 shares during the period. Burney Co. lifted its position in Qualys by 15.9% during the third quarter. Burney Co. now owns 83,984 shares of the software maker's stock valued at $12,812,000 after buying an additional 11,496 shares in the last quarter. Schroder Investment Management Group lifted its position in Qualys by 24.1% during the third quarter. Schroder Investment Management Group now owns 89,802 shares of the software maker's stock valued at $13,699,000 after buying an additional 17,456 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Qualys by 59.4% during the third quarter. Envestnet Asset Management Inc. now owns 109,447 shares of the software maker's stock valued at $16,696,000 after buying an additional 40,779 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in Qualys during the third quarter valued at approximately $1,329,000. 99.31% of the stock is currently owned by hedge funds and other institutional investors.
Qualys Stock Performance
Shares of Qualys stock traded down $1.71 during trading on Wednesday, hitting $162.75. 629,597 shares of the stock were exchanged, compared to its average volume of 463,230. The stock's fifty day moving average is $166.74 and its 200 day moving average is $175.13. The stock has a market cap of $6.02 billion, a PE ratio of 40.28 and a beta of 0.51. Qualys, Inc. has a 12 month low of $107.00 and a 12 month high of $206.35.
Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, topping the consensus estimate of $0.82 by $0.26. The business had revenue of $144.57 million during the quarter, compared to analyst estimates of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. Sell-side analysts anticipate that Qualys, Inc. will post 3.35 EPS for the current fiscal year.
Insider Transactions at Qualys
In related news, CEO Sumedh S. Thakar sold 4,034 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $163.96, for a total value of $661,414.64. Following the completion of the sale, the chief executive officer now owns 193,608 shares of the company's stock, valued at $31,743,967.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Bruce K. Posey sold 1,000 shares of the company's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $197.78, for a total value of $197,780.00. Following the completion of the sale, the insider now owns 63,255 shares of the company's stock, valued at $12,510,573.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumedh S. Thakar sold 4,034 shares of the company's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $163.96, for a total transaction of $661,414.64. Following the completion of the sale, the chief executive officer now directly owns 193,608 shares of the company's stock, valued at approximately $31,743,967.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,349 shares of company stock worth $2,411,812. Insiders own 1.20% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on QLYS. TD Cowen assumed coverage on shares of Qualys in a research report on Tuesday, March 26th. They set a "market perform" rating and a $170.00 price target on the stock. Wedbush reduced their target price on shares of Qualys from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Thursday, February 8th. Truist Financial boosted their target price on shares of Qualys from $145.00 to $175.00 and gave the stock a "hold" rating in a research report on Tuesday, January 16th. StockNews.com raised shares of Qualys from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Royal Bank of Canada reduced their target price on shares of Qualys from $212.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $153.23.
Check Out Our Latest Stock Report on QLYS
About Qualys
(
Free Report)
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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