Invesco Ltd. Sells 75,688 Shares of Qualys, Inc. (NASDAQ:QLYS)

Invesco Ltd. lessened its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 404,101 shares of the software maker's stock after selling 75,688 shares during the quarter. Invesco Ltd. owned 1.10% of Qualys worth $56,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Montreal Can increased its position in shares of Qualys by 3.3% in the 4th quarter. Bank of Montreal Can now owns 5,175 shares of the software maker's stock worth $726,000 after purchasing an additional 166 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Qualys by 88.1% in the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after buying an additional 156 shares during the last quarter. Nutshell Asset Management Ltd bought a new stake in Qualys in the fourth quarter valued at about $3,124,000. Wedbush Securities Inc. raised its stake in Qualys by 20.3% during the fourth quarter. Wedbush Securities Inc. now owns 2,301 shares of the software maker's stock valued at $323,000 after buying an additional 388 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Qualys by 2.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 168,015 shares of the software maker's stock worth $23,559,000 after buying an additional 4,282 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Qualys

In other news, 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 transaction of $169,573.46. Following the transaction, the chief financial officer now owns 105,740 shares in the company, valued at approximately $13,203,753.80. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $123.81, for a total value of $866,670.00. Following the sale, the chief executive officer now owns 246,313 shares of the company's stock, valued at $30,496,012.53. The trade was a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,480 shares of company stock valued at $3,579,506 over the last ninety days. Insiders own 1.00% of the company's stock.

Qualys Trading Down 0.6 %

QLYS traded down $0.73 on Friday, reaching $120.62. The company had a trading volume of 408,065 shares, compared to its average volume of 398,408. Qualys, Inc. has a one year low of $112.61 and a one year high of $174.20. The company has a market capitalization of $4.40 billion, a P/E ratio of 25.94 and a beta of 0.71. The company has a fifty day moving average of $128.89 and a 200-day moving average of $135.88.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. Research analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

Analyst Ratings Changes

QLYS has been the topic of several research reports. Northland Securities reissued a "market perform" rating and set a $146.00 price target (down from $150.00) on shares of Qualys in a research report on Monday, February 10th. Scotiabank dropped their target price on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group decreased their price target on shares of Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a report on Friday, February 7th. Loop Capital lowered their price objective on shares of Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, February 7th. Finally, Jefferies Financial Group cut their target price on shares of Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $142.21.

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.