Point72 Hong Kong Ltd Purchases Shares of 18,472 Qualys, Inc. (NASDAQ:QLYS)

Point72 Hong Kong Ltd acquired a new position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,472 shares of the software maker's stock, valued at approximately $2,590,000. Point72 Hong Kong Ltd owned about 0.05% of Qualys as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in QLYS. SBI Securities Co. Ltd. purchased a new stake in Qualys during the fourth quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new stake in Qualys during the fourth quarter worth about $39,000. Quadrant Capital Group LLC increased its holdings in Qualys by 88.1% during the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock worth $47,000 after buying an additional 156 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Qualys during the fourth quarter worth about $54,000. Finally, Fifth Third Bancorp increased its holdings in Qualys by 33.9% during the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Qualys Price Performance

QLYS stock traded up $0.08 during trading on Wednesday, reaching $138.16. The company had a trading volume of 76,366 shares, compared to its average volume of 382,164. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $170.00. The company has a market cap of $5.02 billion, a P/E ratio of 29.66 and a beta of 0.61. The business has a 50 day moving average of $127.09 and a 200 day moving average of $136.88.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.21. The business had revenue of $159.90 million for the quarter, compared to analysts' expectations of $157.05 million. Qualys had a net margin of 28.59% and a return on equity of 38.52%. The business's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. Research analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current year.

Analysts Set New Price Targets

QLYS has been the subject of a number of research analyst reports. Canaccord Genuity Group decreased their price objective on shares of Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Scotiabank set a $142.00 price target on shares of Qualys and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Finally, StockNews.com raised shares of Qualys from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $137.50.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $123.81, for a total transaction of $866,670.00. Following the sale, the chief executive officer now directly owns 246,313 shares in the company, valued at $30,496,012.53. This trade represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce K. Posey sold 525 shares of Qualys stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $139.48, for a total transaction of $73,227.00. Following the completion of the sale, the insider now owns 65,373 shares in the company, valued at approximately $9,118,226.04. This represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,127 shares of company stock valued at $1,905,108 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

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.