Neuberger Berman Group LLC Reduces Stake in Qualys, Inc. (NASDAQ:QLYS)

Neuberger Berman Group LLC lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 40.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,106,403 shares of the software maker's stock after selling 743,360 shares during the quarter. Neuberger Berman Group LLC owned 3.02% of Qualys worth $155,140,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Qualys by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock valued at $64,016,000 after buying an additional 3,848 shares during the period. Raymond James Financial Inc. purchased a new stake in Qualys during the 4th quarter valued at about $15,937,000. Mirae Asset Global Investments Co. Ltd. grew its position in Qualys by 13.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker's stock worth $1,095,000 after acquiring an additional 933 shares during the last quarter. Trust Point Inc. bought a new position in Qualys during the 4th quarter worth approximately $376,000. Finally, Kestra Private Wealth Services LLC lifted its position in Qualys by 26.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker's stock valued at $596,000 after purchasing an additional 902 shares during the last quarter. 99.31% of the stock is owned by institutional investors.

Qualys Trading Up 1.1 %

QLYS traded up $1.35 during midday trading on Tuesday, reaching $124.59. The company's stock had a trading volume of 105,642 shares, compared to its average volume of 399,168. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $174.20. The stock's 50-day moving average is $130.19 and its 200-day moving average is $136.16. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 26.79 and a beta of 0.71.

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Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 38.52% and a net margin of 28.59%. As a group, equities research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 882 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $139.66, for a total value of $123,180.12. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $142.17, for a total value of $995,190.00. Following the sale, the chief executive officer now directly owns 246,144 shares in the company, valued at $34,994,292.48. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,480 shares of company stock worth $2,712,836. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

QLYS has been the topic of several analyst reports. Morgan Stanley began coverage on shares of Qualys in a research note on Tuesday, March 18th. They issued an "underweight" rating and a $120.00 target price on the stock. Jefferies Financial Group lowered their price objective on shares of Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Canaccord Genuity Group cut their target price on Qualys from $170.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Loop Capital lowered their price target on Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, February 7th. Finally, Scotiabank cut their price objective on Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $144.36.

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.