Neuberger Berman Group LLC Sells 743,360 Shares of Qualys, Inc. (NASDAQ:QLYS)

Neuberger Berman Group LLC cut its position in Qualys, Inc. (NASDAQ:QLYS) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,106,403 shares of the software maker’s stock after selling 743,360 shares during the quarter. Neuberger Berman Group LLC owned 3.02% of Qualys worth $155,140,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Qualys by 21.5% during the third quarter. FMR LLC now owns 57,399 shares of the software maker’s stock worth $7,374,000 after purchasing an additional 10,170 shares during the period. MML Investors Services LLC grew its position in shares of Qualys by 21.6% in the third quarter. MML Investors Services LLC now owns 20,864 shares of the software maker’s stock valued at $2,680,000 after purchasing an additional 3,701 shares in the last quarter. Barclays PLC lifted its stake in Qualys by 101.8% in the 3rd quarter. Barclays PLC now owns 112,214 shares of the software maker’s stock worth $14,415,000 after purchasing an additional 56,613 shares in the last quarter. M&T Bank Corp increased its position in shares of Qualys by 36.7% in the third quarter. M&T Bank Corp now owns 2,262 shares of the software maker’s stock worth $291,000 after purchasing an additional 607 shares during the last quarter. Finally, Vestcor Inc boosted its holdings in shares of Qualys by 174.0% in the 3rd quarter. Vestcor Inc now owns 11,085 shares of the software maker’s stock worth $1,424,000 after purchasing an additional 7,040 shares in the last quarter. 99.31% of the stock is owned by institutional investors.

Qualys Stock Performance

NASDAQ QLYS opened at $125.73 on Thursday. The business has a 50 day simple moving average of $131.41 and a 200 day simple moving average of $136.15. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $174.20. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 27.04 and a beta of 0.71.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 EPS for the current year.

Analyst Upgrades and Downgrades

QLYS has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of Qualys from $145.00 to $130.00 and set a “hold” rating for the company in a report on Monday, March 31st. Northland Securities reaffirmed a “market perform” rating and set a $146.00 price objective (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Loop Capital decreased their price target 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, Canaccord Genuity Group decreased their price objective 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, fourteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $144.36.

Insider Transactions at Qualys

In other Qualys news, CFO Joo Mi Kim sold 4,487 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $140.00, for a total transaction of $628,180.00. Following the transaction, the chief financial officer now owns 112,757 shares in the company, valued at approximately $15,785,980. This represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 882 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $139.66, for a total transaction of $123,180.12. Following the completion of the sale, the insider now directly owns 62,295 shares of the company’s stock, valued at $8,700,119.70. This represents a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,122 shares of company stock worth $3,484,692 in the last quarter. 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.