JPMorgan Chase & Co. Has $79.16 Million Holdings in Qualys, Inc. (NASDAQ:QLYS)

JPMorgan Chase & Co. reduced its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 564,545 shares of the software maker's stock after selling 43,618 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.54% of Qualys worth $79,160,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Qualys in the fourth quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in Qualys during the fourth quarter worth approximately $39,000. Fifth Third Bancorp lifted its stake 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 buying an additional 99 shares during the last quarter. Quarry LP boosted its holdings in shares of Qualys by 56.2% in the third quarter. Quarry LP now owns 439 shares of the software maker's stock valued at $56,000 after acquiring an additional 158 shares during the period. Finally, Mendota Financial Group LLC purchased a new position in shares of Qualys during the fourth quarter worth approximately $91,000. Hedge funds and other institutional investors own 99.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Qualys in a research report on Monday, February 10th. StockNews.com downgraded shares of Qualys from a "buy" rating to a "hold" rating in a research note on Friday. Loop Capital dropped their price target on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada reduced their price objective on Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Finally, Northland Securities reiterated a "market perform" rating and issued a $146.00 target price (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $144.36.

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Insider Buying and Selling

In other news, insider Bruce K. Posey sold 882 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the sale, the insider now owns 62,295 shares in the company, valued at $8,700,119.70. The trade was a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 225,453 shares of the company's stock, valued at approximately $30,321,173.97. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,122 shares of company stock worth $3,484,692. Corporate insiders own 1.00% of the company's stock.

Qualys Price Performance

QLYS stock traded down $1.78 on Tuesday, reaching $115.21. The company's stock had a trading volume of 439,324 shares, compared to its average volume of 397,156. The firm has a fifty day moving average of $131.96 and a two-hundred day moving average of $136.23. The company has a market capitalization of $4.20 billion, a P/E ratio of 24.78 and a beta of 0.71. Qualys, Inc. has a 52 week low of $112.61 and a 52 week high of $174.20.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings results 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%. As a group, equities analysts expect that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Qualys Company 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.