Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,608 shares of the software maker's stock after selling 3,501 shares during the quarter. Corebridge Financial Inc. owned 0.16% of Qualys worth $8,358,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock valued at $604,721,000 after acquiring an additional 131,339 shares during the period. Bridge City Capital LLC lifted its holdings in Qualys by 6.2% during the fourth quarter. Bridge City Capital LLC now owns 21,396 shares of the software maker's stock valued at $3,000,000 after purchasing an additional 1,257 shares in the last quarter. LPL Financial LLC grew its position in shares of Qualys by 34.1% in the fourth quarter. LPL Financial LLC now owns 35,136 shares of the software maker's stock valued at $4,927,000 after purchasing an additional 8,935 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Qualys during the fourth quarter worth about $285,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Qualys during the 4th quarter worth about $1,739,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on QLYS shares. Needham & Company LLC reiterated a "hold" rating on shares of Qualys in a research note on Monday, February 10th. Scotiabank dropped their price target on Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Morgan Stanley initiated coverage on Qualys in a report on Tuesday, March 18th. They issued an "underweight" rating and a $120.00 price objective on the stock. StockNews.com raised shares of Qualys from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, Northland Securities reissued a "market perform" rating and issued a $146.00 price target (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $146.14.

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Qualys Price Performance

Shares of NASDAQ:QLYS traded down $2.95 during mid-day trading on Friday, reaching $127.18. 171,168 shares of the company were exchanged, compared to its average volume of 395,977. The firm's 50-day simple moving average is $135.35 and its 200 day simple moving average is $136.39. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $174.20. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 27.35 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last posted 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%. On average, 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 Qualys news, insider Bruce K. Posey sold 524 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 65,053 shares in the company, valued at $8,416,557.14. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Joo Mi Kim sold 1,635 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $138.64, for a total transaction of $226,676.40. Following the completion of the sale, the chief financial officer now directly owns 112,017 shares in the company, valued at approximately $15,530,036.88. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,595 shares of company stock valued at $3,691,922 in the last 90 days. Company insiders own 1.00% of the company's stock.

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.