Renaissance Group LLC Has $3.33 Million Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Renaissance Group LLC grew its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,777 shares of the software maker's stock after purchasing an additional 2,496 shares during the quarter. Renaissance Group LLC owned approximately 0.06% of Qualys worth $3,334,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in shares of Qualys in the 4th quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in Qualys during the fourth quarter worth about $39,000. Quadrant Capital Group LLC increased its stake in Qualys by 88.1% during the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock worth $47,000 after acquiring an additional 156 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of 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 purchasing an additional 99 shares during the period. Finally, Quarry LP lifted its stake in shares of Qualys by 56.2% in the 3rd quarter. Quarry LP now owns 439 shares of the software maker's stock valued at $56,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on QLYS. Scotiabank decreased their price target on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group lowered their target price on Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Jefferies Financial Group dropped their target price on Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Finally, Morgan Stanley started coverage on shares of Qualys in a research note on Tuesday, March 18th. They set an "underweight" rating and a $120.00 price objective on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Qualys presently has a consensus rating of "Hold" and an average target price of $144.36.

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Insiders Place Their Bets

In other Qualys news, CFO Joo Mi Kim sold 1,358 shares of the stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $124.87, for a total value of $169,573.46. Following the transaction, the chief financial officer now owns 105,740 shares of the company's stock, valued at approximately $13,203,753.80. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the sale, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,480 shares of company stock valued at $3,654,266. Insiders own 1.00% of the company's stock.

Qualys Stock Down 0.8 %

Qualys stock traded down $1.00 on Monday, hitting $123.10. The company's stock had a trading volume of 92,549 shares, compared to its average volume of 399,019. The company has a fifty day moving average price of $130.64 and a 200-day moving average price of $136.21. The firm has a market cap of $4.49 billion, a P/E ratio of 26.47 and a beta of 0.71. Qualys, Inc. has a one year low of $112.61 and a one year high of $174.20.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported $1.19 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%. Analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current year.

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.