Trust Point Inc. Takes Position in Qualys, Inc. (NASDAQ:QLYS)

Trust Point Inc. acquired a new position in Qualys, Inc. (NASDAQ:QLYS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,685 shares of the software maker's stock, valued at approximately $376,000.

Several other hedge funds have also recently modified their holdings of QLYS. Assenagon Asset Management S.A. increased its position in shares of Qualys by 1,386.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker's stock valued at $49,876,000 after acquiring an additional 331,766 shares during the last quarter. Boston Trust Walden Corp grew its stake in Qualys by 13.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker's stock valued at $147,178,000 after purchasing an additional 123,530 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Qualys by 208.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker's stock valued at $11,072,000 after purchasing an additional 58,252 shares during the last quarter. Barclays PLC raised its stake in shares of Qualys by 101.8% during the 3rd quarter. Barclays PLC now owns 112,214 shares of the software maker's stock worth $14,415,000 after purchasing an additional 56,613 shares during the period. Finally, CDAM UK Ltd boosted its holdings in shares of Qualys by 8.3% in the 3rd quarter. CDAM UK Ltd now owns 502,913 shares of the software maker's stock worth $64,604,000 after buying an additional 38,509 shares during the last quarter. Institutional investors own 99.31% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on QLYS shares. Morgan Stanley raised their price objective on shares of Qualys from $123.00 to $126.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. DA Davidson raised their price target on shares of Qualys from $120.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. UBS Group upped their price objective on Qualys from $140.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Canaccord Genuity Group raised their target price on Qualys from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, TD Cowen increased their price target on Qualys from $130.00 to $150.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $152.80.

Insider Activity at Qualys

In other Qualys news, Director Jeffrey P. Hank sold 4,000 shares of Qualys stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $146.31, for a total transaction of $585,240.00. Following the completion of the sale, the director now owns 12,666 shares of the company's stock, valued at $1,853,162.46. The trade was a 24.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruce K. Posey sold 8,555 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $154.62, for a total value of $1,322,774.10. Following the completion of the transaction, the insider now owns 64,032 shares of the company's stock, valued at $9,900,627.84. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,259 shares of company stock valued at $4,578,153 over the last three months. 1.00% of the stock is owned by corporate insiders.

Qualys Price Performance

NASDAQ:QLYS traded down $5.26 during trading hours on Thursday, hitting $140.71. The stock had a trading volume of 583,229 shares, compared to its average volume of 386,675. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 30.99 and a beta of 0.56. Qualys, Inc. has a one year low of $119.17 and a one year high of $182.45. The company has a 50 day simple moving average of $143.69 and a two-hundred day simple moving average of $135.66.

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 40.24% and a net margin of 28.72%. Equities research analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current 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.