Geode Capital Management LLC Purchases 16,369 Shares of Qualys, Inc. (NASDAQ:QLYS)

Geode Capital Management LLC raised its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,262,931 shares of the software maker's stock after buying an additional 16,369 shares during the period. Geode Capital Management LLC owned approximately 3.45% of Qualys worth $178,445,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its position in shares of 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 purchasing an additional 331,766 shares during the period. Vanguard Group Inc. raised its holdings in Qualys by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock worth $604,721,000 after buying an additional 131,339 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of Qualys by 13.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker's stock worth $147,178,000 after buying an additional 123,530 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Qualys in the fourth quarter worth about $15,937,000. Finally, Norges Bank purchased a new position in shares of Qualys in the fourth quarter worth approximately $14,110,000. Institutional investors and hedge funds own 99.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Scotiabank decreased 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. Loop Capital decreased their target price on Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group decreased their price objective on Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, February 7th. StockNews.com downgraded Qualys from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Northland Securities restated a "market perform" rating and set a $146.00 price target (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $144.36.

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Qualys Stock Up 1.1 %

QLYS stock traded up $1.32 during midday trading on Friday, hitting $124.10. 444,613 shares of the company traded hands, compared to its average volume of 399,832. The business has a 50 day simple moving average of $130.64 and a 200-day simple moving average of $136.14. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $174.20. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 26.69 and a beta of 0.71.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results 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 research analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 524 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the transaction, the insider now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Joo Mi Kim sold 1,358 shares of the stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $124.87, for a total transaction of $169,573.46. Following the completion of the sale, the chief financial officer now directly owns 105,740 shares of the company's stock, valued at approximately $13,203,753.80. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,480 shares of company stock valued at $3,654,266 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Qualys Profile

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.