Nordea Investment Management AB Raises Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Nordea Investment Management AB raised its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 73,960 shares of the software maker’s stock after buying an additional 2,760 shares during the quarter. Nordea Investment Management AB’s holdings in Qualys were worth $10,390,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Quarry LP acquired a new stake in shares of Qualys during the second quarter worth about $40,000. UMB Bank n.a. lifted its stake in Qualys by 80.8% during the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock valued at $55,000 after acquiring an additional 193 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Qualys by 68.6% in the third quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock worth $94,000 after acquiring an additional 297 shares during the period. Finally, KBC Group NV increased its stake in shares of Qualys by 21.6% in the third quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock worth $140,000 after acquiring an additional 194 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Stock Down 1.3 %

QLYS opened at $134.42 on Thursday. The company has a market cap of $4.92 billion, a PE ratio of 29.61 and a beta of 0.57. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $201.03. The company has a 50-day moving average price of $145.82 and a 200 day moving average price of $136.03.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. As a group, sell-side analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QLYS has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley upped their target price on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Wolfe Research upgraded Qualys from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Truist Financial upped their price objective on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, UBS Group lifted their target price on shares of Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $152.80.

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the transaction, the insider now owns 55,279 shares in the company, valued at approximately $6,830,273.24. This trade represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. This trade represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,716 shares of company stock worth $4,555,459. Corporate insiders own 1.00% of the company’s stock.

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.