Cibc World Markets Corp Invests $487,000 in Qualys, Inc. (NASDAQ:QLYS)

Cibc World Markets Corp acquired a new stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,474 shares of the software maker's stock, valued at approximately $487,000.

Several other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in shares of Qualys during the 4th quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new position in Qualys in the fourth quarter valued at about $39,000. Fifth Third Bancorp lifted its holdings in Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock valued at $55,000 after acquiring an additional 99 shares during the period. Quarry LP boosted its position in Qualys by 56.2% in the third quarter. Quarry LP now owns 439 shares of the software maker's stock worth $56,000 after purchasing an additional 158 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new stake in shares of Qualys during the 4th quarter valued at about $91,000. 99.31% of the stock is currently owned by institutional investors.

Insider Activity at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the sale, the chief executive officer now directly owns 225,453 shares in the company, valued at approximately $30,321,173.97. This represents a 3.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 524 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the transaction, the insider now directly owns 65,053 shares of the company's stock, valued at approximately $8,416,557.14. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,595 shares of company stock valued at $3,691,922 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several equities analysts have recently weighed in on QLYS shares. Scotiabank lowered their price objective on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group decreased their price target on shares of Qualys from $170.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Northland Securities reiterated a "market perform" rating and set a $146.00 price target (down previously from $150.00) on shares of Qualys in a research note on Monday, February 10th. Morgan Stanley assumed coverage on Qualys in a research note on Tuesday, March 18th. They issued an "underweight" rating and a $120.00 price objective for the company. Finally, Loop Capital lowered their target price on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a research report on Friday, February 7th. Two investment 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, the stock presently has a consensus rating of "Hold" and an average price target of $146.14.

Qualys Trading Up 0.8 %

Shares of NASDAQ:QLYS traded up $1.07 during mid-day trading on Thursday, reaching $130.13. The stock had a trading volume of 194,231 shares, compared to its average volume of 385,793. The business's 50 day moving average price is $135.67 and its 200 day moving average price is $136.29. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $174.20. The company has a market cap of $4.75 billion, a P/E ratio of 27.99 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (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%. Analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal 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.