BI Asset Management Fondsmaeglerselskab A S Purchases 27,117 Shares of Qualys, Inc. (NASDAQ:QLYS)

BI Asset Management Fondsmaeglerselskab A S boosted its position in Qualys, Inc. (NASDAQ:QLYS) by 373.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 34,387 shares of the software maker’s stock after acquiring an additional 27,117 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Qualys were worth $4,822,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QLYS. Vanguard Group Inc. raised its position in 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 purchasing an additional 131,339 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Qualys by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,262,931 shares of the software maker’s stock valued at $178,445,000 after acquiring an additional 16,369 shares in the last quarter. Boston Trust Walden Corp lifted its stake 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 acquiring an additional 123,530 shares during the period. Legal & General Group Plc boosted its holdings in Qualys by 10.2% in the fourth quarter. Legal & General Group Plc now owns 954,583 shares of the software maker’s stock valued at $133,852,000 after acquiring an additional 88,347 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Qualys by 4.4% during the 4th quarter. First Trust Advisors LP now owns 920,163 shares of the software maker’s stock valued at $129,025,000 after purchasing an additional 38,880 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 882 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total value of $123,180.12. Following the transaction, the insider now directly owns 62,295 shares in the company, valued at approximately $8,700,119.70. This trade represents a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $142.17, for a total transaction of $995,190.00. Following the sale, the chief executive officer now directly owns 246,144 shares of the company’s stock, valued at approximately $34,994,292.48. The trade was a 2.77 % decrease in their position. 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 over the last quarter. Company insiders own 1.00% of the company’s stock.

Qualys Trading Down 0.6 %

Shares of QLYS opened at $120.62 on Monday. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 25.94 and a beta of 0.71. The business’s fifty day simple moving average is $128.89 and its two-hundred day simple moving average is $136.02. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $174.20.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data 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%. As a group, research analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

Analyst Ratings Changes

QLYS has been the subject of several research analyst reports. Jefferies Financial Group dropped their target price on shares of Qualys from $145.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, March 31st. 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 report on Friday, February 7th. Canaccord Genuity Group reduced their target price on Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Morgan Stanley lowered their target price on Qualys from $120.00 to $90.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada reduced their price target on Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Qualys presently has a consensus rating of “Hold” and an average price target of $142.21.

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.