12,661 Shares in Qualys, Inc. (NASDAQ:QLYS) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in Qualys, Inc. (NASDAQ:QLYS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,661 shares of the software maker's stock, valued at approximately $1,775,000.

Other large investors have also made changes to their positions in the company. Aigen Investment Management LP purchased a new position in Qualys during the 3rd quarter worth $445,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Qualys by 208.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker's stock worth $11,072,000 after acquiring an additional 58,252 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Qualys by 428.9% during the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker's stock worth $2,345,000 after acquiring an additional 14,804 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Qualys by 13.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker's stock valued at $1,095,000 after acquiring an additional 933 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Qualys by 6.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker's stock valued at $8,134,000 after purchasing an additional 4,040 shares during the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Stock Performance

NASDAQ QLYS traded down $1.33 during mid-day trading on Tuesday, reaching $123.95. 381,379 shares of the stock were exchanged, compared to its average volume of 394,479. The company has a market capitalization of $4.52 billion, a P/E ratio of 26.66 and a beta of 0.56. The business's 50 day moving average is $137.85 and its 200-day moving average is $136.08. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $174.31.

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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 for the quarter, missing analysts' consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. Equities analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the transaction, the chief executive officer now directly owns 225,453 shares of the company's stock, valued at $30,321,173.97. This trade represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 525 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $139.48, for a total transaction of $73,227.00. Following the sale, the insider now directly owns 65,373 shares of the company's stock, valued at $9,118,226.04. This represents a 0.80 % decrease in their position. 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. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on QLYS shares. Wolfe Research raised shares of Qualys from an "underperform" rating to a "peer perform" rating in a research report on Monday, November 11th. Northland Securities reissued a "market perform" rating and set a $146.00 price objective (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Canaccord Genuity Group reduced their target price on Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Finally, Loop Capital cut their price objective on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $146.57.

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.