Amundi Sells 16,537 Shares of Qualys, Inc. (NASDAQ:QLYS)

Amundi lessened its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 44.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,943 shares of the software maker's stock after selling 16,537 shares during the quarter. Amundi owned approximately 0.06% of Qualys worth $2,815,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in Qualys by 10.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,139 shares of the software maker's stock worth $721,000 after purchasing an additional 473 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Qualys in the 4th quarter worth approximately $1,775,000. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Qualys during the fourth quarter valued at approximately $1,640,000. Raymond James Financial Inc. purchased a new position in Qualys in the fourth quarter worth $15,937,000. Finally, Proficio Capital Partners LLC purchased a new position in Qualys in the fourth quarter worth $4,699,000. Hedge funds and other institutional investors own 99.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Qualys from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Canaccord Genuity Group reduced their target price on shares of Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Royal Bank of Canada lowered their price target 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. Finally, Loop Capital dropped their price objective on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Qualys presently has a consensus rating of "Hold" and a consensus target price of $146.14.

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Qualys Trading Down 2.5 %

Shares of NASDAQ QLYS traded down $3.31 during midday trading on Thursday, hitting $128.86. 335,647 shares of the company's stock were exchanged, compared to its average volume of 386,263. The business's fifty day moving average price is $136.23 and its two-hundred day moving average price is $136.08. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 27.71 and a beta of 0.56. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $174.20.

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

Insider Buying and Selling

In other news, CFO Joo Mi Kim sold 1,635 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $138.64, for a total value of $226,676.40. Following the transaction, the chief financial officer now owns 112,017 shares in the company, valued at approximately $15,530,036.88. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 525 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $139.48, for a total transaction of $73,227.00. Following the sale, the insider now owns 65,373 shares of the company's stock, valued at $9,118,226.04. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,926 shares of company stock worth $3,745,742 in the last quarter. 1.00% of the stock is owned by insiders.

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.