Oberweis Asset Management Inc. Makes New Investment in Qualys, Inc. (NASDAQ:QLYS)

Oberweis Asset Management Inc. acquired a new position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 47,800 shares of the software maker's stock, valued at approximately $6,703,000. Oberweis Asset Management Inc. owned approximately 0.13% of Qualys at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its holdings in Qualys by 1,386.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker's stock worth $49,876,000 after buying an additional 331,766 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Qualys by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock valued at $604,721,000 after acquiring an additional 131,339 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in Qualys by 13.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker's stock worth $147,178,000 after purchasing an additional 123,530 shares during the period. Raymond James Financial Inc. bought a new stake in Qualys during the fourth quarter valued at $15,937,000. Finally, CDAM UK Ltd lifted its position in shares of Qualys by 21.6% in the 4th quarter. CDAM UK Ltd now owns 611,793 shares of the software maker's stock worth $85,786,000 after buying an additional 108,880 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Insider Activity

In related news, insider Bruce K. Posey sold 540 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $117.86, for a total transaction of $63,644.40. Following the completion of the transaction, the insider now owns 64,513 shares of the company's stock, valued at approximately $7,603,502.18. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $142.17, for a total value of $995,190.00. Following the completion of the sale, the chief executive officer now directly owns 246,144 shares in the company, valued at $34,994,292.48. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,138 shares of company stock valued at $3,519,970. Insiders own 1.00% of the company's stock.

Qualys Stock Performance

Shares of QLYS stock traded down $4.54 during trading on Wednesday, hitting $123.89. 125,726 shares of the company were exchanged, compared to its average volume of 393,779. The business's 50-day simple moving average is $126.41 and its 200 day simple moving average is $135.94. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $171.00. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 26.64 and a beta of 0.71.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, equities analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on QLYS. JPMorgan Chase & Co. lowered their price objective on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research report on Monday. Loop Capital cut their price target on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, February 7th. Northland Securities reaffirmed a "market perform" rating and issued a $146.00 target price (down from $150.00) on shares of Qualys in a research report on Monday, February 10th. Needham & Company LLC restated a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Finally, Jefferies Financial Group cut their price objective on shares of Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $140.53.

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.