Nutshell Asset Management Ltd Purchases Shares of 22,279 Qualys, Inc. (NASDAQ:QLYS)

Nutshell Asset Management Ltd acquired a new position in Qualys, Inc. (NASDAQ:QLYS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,279 shares of the software maker's stock, valued at approximately $3,124,000. Qualys comprises 2.0% of Nutshell Asset Management Ltd's portfolio, making the stock its 17th biggest position. Nutshell Asset Management Ltd owned 0.06% of Qualys at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Amalgamated Bank boosted its stake in shares of Qualys by 0.5% during the fourth quarter. Amalgamated Bank now owns 16,640 shares of the software maker's stock valued at $2,333,000 after purchasing an additional 77 shares during the period. HighTower Advisors LLC boosted its position in Qualys by 1.4% during the 4th quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker's stock valued at $806,000 after buying an additional 80 shares during the period. Fifth Third Bancorp grew its holdings in Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after acquiring an additional 99 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Qualys by 12.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker's stock valued at $153,000 after acquiring an additional 123 shares during the period. Finally, Huntington National Bank raised its stake in shares of Qualys by 15.6% during the fourth quarter. Huntington National Bank now owns 932 shares of the software maker's stock valued at $131,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

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Qualys Stock Down 1.8 %

Shares of NASDAQ:QLYS traded down $2.29 on Thursday, hitting $123.44. 206,784 shares of the company traded hands, compared to its average volume of 397,936. The company has a market cap of $4.50 billion, a PE ratio of 26.51 and a beta of 0.71. The stock has a 50 day simple moving average of $131.41 and a 200-day simple moving average of $136.15. 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 issued its 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, sell-side analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insider Transactions at Qualys

In other news, insider Bruce K. Posey sold 524 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the sale, the insider now owns 65,053 shares of the company's stock, valued at $8,416,557.14. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joo Mi Kim sold 4,487 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $140.00, for a total transaction of $628,180.00. Following the transaction, the chief financial officer now directly owns 112,757 shares of the company's stock, valued at $15,785,980. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,122 shares of company stock worth $3,484,692 over the last quarter. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QLYS has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price target on Qualys from $162.00 to $135.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Scotiabank reduced their target price on Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group dropped their price target on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Morgan Stanley started coverage on shares of Qualys in a research report on Tuesday, March 18th. They set an "underweight" rating and a $120.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently 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.