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

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 373.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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 owned about 0.09% of Qualys worth $4,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in Qualys by 101.8% during the 3rd quarter. Barclays PLC now owns 112,214 shares of the software maker’s stock valued at $14,415,000 after purchasing an additional 56,613 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of Qualys by 30.8% during the third quarter. Sanctuary Advisors LLC now owns 4,919 shares of the software maker’s stock valued at $632,000 after acquiring an additional 1,159 shares in the last quarter. Tidal Investments LLC increased its stake in Qualys by 70.5% during the 3rd quarter. Tidal Investments LLC now owns 2,472 shares of the software maker’s stock valued at $318,000 after purchasing an additional 1,022 shares in the last quarter. Synovus Financial Corp increased its position in shares of Qualys by 16.3% during the third quarter. Synovus Financial Corp now owns 16,772 shares of the software maker’s stock worth $2,155,000 after acquiring an additional 2,356 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Qualys by 8.1% in the third quarter. Franklin Resources Inc. now owns 39,603 shares of the software maker’s stock worth $4,968,000 after purchasing an additional 2,972 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insider Transactions at Qualys

In other news, CFO Joo Mi Kim sold 4,487 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $140.00, for a total transaction of $628,180.00. Following the transaction, the chief financial officer now directly owns 112,757 shares in the company, valued at approximately $15,785,980. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $142.17, for a total value of $995,190.00. Following the completion of the sale, the chief executive officer now owns 246,144 shares of the company’s stock, valued at $34,994,292.48. The trade was a 2.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,480 shares of company stock valued at $3,579,506. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on QLYS shares. Royal Bank of Canada cut their price objective on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. 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. Jefferies Financial Group cut their target price on Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Finally, Loop Capital reduced their price objective on Qualys from $150.00 to $140.00 and set a “hold” rating for the company 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $142.21.

Qualys Stock Performance

Qualys stock opened at $120.62 on Monday. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $174.20. The firm’s fifty day moving average price is $128.89 and its 200-day moving average price is $136.02. The stock has a market cap of $4.40 billion, a P/E ratio of 25.94 and a beta of 0.71.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results 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 net margin of 28.59% and a return on equity of 38.52%. Sell-side analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current year.

About Qualys

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.