E. Ohman J or Asset Management AB Decreases Stake in Qualys, Inc. (NASDAQ:QLYS)

E. Ohman J or Asset Management AB cut its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,265 shares of the software maker’s stock after selling 1,743 shares during the period. E. Ohman J or Asset Management AB’s holdings in Qualys were worth $2,000,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Trust Point Inc. purchased a new stake in shares of Qualys during the 4th quarter valued at about $376,000. Boston Trust Walden Corp lifted its position in Qualys by 13.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock valued at $147,178,000 after purchasing an additional 123,530 shares during the period. Willis Investment Counsel boosted its holdings in Qualys by 4.5% in the fourth quarter. Willis Investment Counsel now owns 10,629 shares of the software maker’s stock worth $1,490,000 after purchasing an additional 457 shares during the last quarter. Norris Perne & French LLP MI grew its position in Qualys by 0.8% in the 4th quarter. Norris Perne & French LLP MI now owns 114,700 shares of the software maker’s stock worth $16,083,000 after purchasing an additional 882 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Qualys by 62.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 52,024 shares of the software maker’s stock valued at $7,295,000 after buying an additional 20,000 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Qualys Stock Performance

Shares of Qualys stock opened at $143.43 on Wednesday. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $184.04. The company has a market capitalization of $5.25 billion, a P/E ratio of 31.59 and a beta of 0.56. The company has a fifty day moving average of $143.87 and a 200 day moving average of $135.59.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The firm had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. Analysts forecast that Qualys, Inc. will post 4.34 EPS for the current year.

Insiders Place Their Bets

In related news, insider Bruce K. Posey sold 882 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the completion of the transaction, the insider now owns 62,295 shares in the company, valued at approximately $8,700,119.70. This represents a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares in the company, valued at approximately $33,741,295.98. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,259 shares of company stock worth $4,578,153 in the last three months. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

QLYS has been the subject of several research analyst reports. Truist Financial lifted their price objective on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Jefferies Financial Group boosted their price target on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Needham & Company LLC started coverage on shares of Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating on the stock. Westpark Capital reissued a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Finally, DA Davidson upped their target price on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $152.80.

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.