Assenagon Asset Management S.A. Increases Position in Qualys, Inc. (NASDAQ:QLYS)

Assenagon Asset Management S.A. lifted its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 1,094.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,551 shares of the software maker's stock after purchasing an additional 18,830 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of Qualys worth $3,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. purchased a new stake in Qualys during the 4th quarter worth approximately $30,000. Rise Advisors LLC purchased a new stake in Qualys during the 1st quarter worth approximately $26,000. Global Retirement Partners LLC increased its stake in Qualys by 1,666.7% during the 1st quarter. Global Retirement Partners LLC now owns 159 shares of the software maker's stock worth $27,000 after buying an additional 150 shares in the last quarter. Sound Income Strategies LLC increased its stake in Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker's stock worth $33,000 after buying an additional 169 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Qualys by 218.2% during the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker's stock worth $41,000 after buying an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Insiders Place Their Bets

In other Qualys news, CFO Joo Mi Kim sold 928 shares of the company's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $167.97, for a total transaction of $155,876.16. Following the transaction, the chief financial officer now directly owns 93,196 shares in the company, valued at $15,654,132.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qualys news, CFO Joo Mi Kim sold 928 shares of the company's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $167.97, for a total transaction of $155,876.16. Following the transaction, the chief financial officer now directly owns 93,196 shares in the company, valued at $15,654,132.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 4,120 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $167.62, for a total value of $690,594.40. Following the transaction, the chief executive officer now owns 194,481 shares in the company, valued at $32,598,905.22. The disclosure for this sale can be found here. Insiders have sold 14,590 shares of company stock worth $2,419,842 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

Qualys Price Performance

QLYS traded down $0.73 during trading hours on Monday, reaching $146.39. The company's stock had a trading volume of 696,388 shares, compared to its average volume of 470,118. The business's 50-day moving average is $163.44 and its 200-day moving average is $175.81. Qualys, Inc. has a fifty-two week low of $119.12 and a fifty-two week high of $206.35. The stock has a market cap of $5.41 billion, a PE ratio of 33.89 and a beta of 0.51.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on QLYS shares. Truist Financial cut their price objective on Qualys from $175.00 to $165.00 and set a "hold" rating for the company in a research note on Wednesday, May 8th. StockNews.com upgraded Qualys from a "hold" rating to a "buy" rating in a report on Friday. Robert W. Baird lowered their target price on Qualys from $175.00 to $170.00 and set a "neutral" rating on the stock in a report on Wednesday, May 8th. Scotiabank began coverage on Qualys in a report on Friday, April 26th. They set a "sector perform" rating and a $172.00 target price on the stock. Finally, Wedbush lowered their target price on Qualys from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Thursday, February 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Qualys has an average rating of "Hold" and an average price target of $162.23.

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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