Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 29.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,142 shares of the software maker's stock after selling 11,486 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of Qualys worth $3,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of QLYS. Vanguard Group Inc. grew its position in Qualys by 3.1% in 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. Geode Capital Management LLC increased its stake in Qualys by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,262,931 shares of the software maker's stock worth $178,445,000 after buying an additional 16,369 shares during the period. Boston Trust Walden Corp lifted its holdings in Qualys by 13.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker's stock worth $147,178,000 after buying an additional 123,530 shares in the last quarter. CDAM UK Ltd boosted its position in Qualys by 21.6% in the 4th quarter. CDAM UK Ltd now owns 611,793 shares of the software maker's stock valued at $85,786,000 after buying an additional 108,880 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Qualys by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock worth $64,016,000 after acquiring an additional 3,848 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley decreased their target price on Qualys from $120.00 to $90.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. 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 research note on Monday, March 31st. Scotiabank decreased their price target on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Loop Capital reduced their price objective on shares of Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, February 7th. Finally, Canaccord Genuity Group lowered their target price on shares of Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Qualys currently has a consensus rating of "Hold" and a consensus target price of $142.21.

Qualys Trading Down 2.8 %

Shares of Qualys stock traded down $3.39 during trading on Monday, reaching $117.23. The company's stock had a trading volume of 286,558 shares, compared to its average volume of 397,003. The firm has a market cap of $4.28 billion, a PE ratio of 25.21 and a beta of 0.71. The company has a 50-day moving average price of $128.47 and a two-hundred day moving average price of $135.95. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $174.20.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share 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, analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Activity at Qualys

In other news, insider Bruce K. Posey sold 882 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the transaction, the insider now directly owns 62,295 shares in the company, valued at $8,700,119.70. The trade was a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joo Mi Kim sold 4,542 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $140.08, for a total transaction of $636,243.36. Following the transaction, the chief financial officer now directly owns 108,215 shares of the company's stock, valued at $15,158,757.20. This represents a 4.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,480 shares of company stock worth $3,579,506 in the last three months. Insiders own 1.00% of the company's stock.

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.