Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,888 shares of the software maker’s stock after selling 193 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Qualys were worth $4,331,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of QLYS. Assenagon Asset Management S.A. boosted its position in Qualys by 1,386.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker’s stock worth $49,876,000 after acquiring an additional 331,766 shares during the last quarter. Boston Trust Walden Corp lifted its stake in shares of 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 purchasing an additional 123,530 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Qualys during the fourth quarter worth $15,937,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Qualys by 208.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock valued at $11,072,000 after purchasing an additional 58,252 shares during the period. Finally, Barclays PLC increased its stake in Qualys by 101.8% in the third 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 last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 855 shares of Qualys stock in a transaction on Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the sale, the insider now owns 63,177 shares of the company’s stock, valued at $8,986,296.48. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $142.17, for a total transaction of $995,190.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,926 shares of company stock valued at $3,745,742. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Canaccord Genuity Group lowered their price target on Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a report on Friday, February 7th. Northland Securities reissued a “market perform” rating and issued a $146.00 target price (down from $150.00) on shares of Qualys in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, February 10th. Loop Capital cut their price target on shares of Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Finally, Scotiabank lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $146.57.

Qualys Price Performance

NASDAQ:QLYS opened at $126.39 on Friday. Qualys, Inc. has a 12 month low of $119.17 and a 12 month high of $174.20. The business’s 50-day moving average is $136.52 and its two-hundred day moving average is $135.89. The firm has a market capitalization of $4.61 billion, a PE ratio of 27.18 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last announced its earnings results 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 net margin of 28.59% and a return on equity of 38.52%. Equities analysts anticipate that Qualys, Inc. will post 3.85 EPS 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.