Norden Group LLC Sells 375 Shares of Qualys, Inc. (NASDAQ:QLYS)

Norden Group LLC lowered its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 4,294 shares of the software maker’s stock after selling 375 shares during the period. Norden Group LLC’s holdings in Qualys were worth $843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC raised its holdings in Qualys by 24.9% in the 4th quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after acquiring an additional 58 shares during the period. Intrust Bank NA raised its holdings in Qualys by 1.4% in the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock worth $978,000 after acquiring an additional 69 shares during the period. KLR Investment Advisors LLC raised its holdings in Qualys by 3.3% in the 3rd quarter. KLR Investment Advisors LLC now owns 2,384 shares of the software maker’s stock worth $364,000 after acquiring an additional 77 shares during the period. New York State Common Retirement Fund raised its holdings in Qualys by 0.5% in the 3rd quarter. New York State Common Retirement Fund now owns 18,724 shares of the software maker’s stock worth $2,856,000 after acquiring an additional 97 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Qualys by 54.1% in the 3rd quarter. Fifth Third Bancorp now owns 282 shares of the software maker’s stock worth $43,000 after acquiring an additional 99 shares during the period. Institutional investors own 99.31% of the company’s stock.

Qualys Price Performance

Shares of Qualys stock traded down $3.83 during trading on Tuesday, hitting $164.44. 166,844 shares of the company’s stock traded hands, compared to its average volume of 452,339. Qualys, Inc. has a twelve month low of $107.00 and a twelve month high of $206.35. The company has a market cap of $6.08 billion, a PE ratio of 41.65 and a beta of 0.51. The firm’s fifty day moving average price is $166.63 and its 200 day moving average price is $175.84.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.26. Qualys had a net margin of 27.34% and a return on equity of 49.06%. The firm had revenue of $144.57 million during the quarter, compared to the consensus estimate of $144.69 million. As a group, equities research analysts anticipate that Qualys, Inc. will post 3.35 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wedbush dropped their target price on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Truist Financial raised their price target on shares of Qualys from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. raised their price target on shares of Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a research report on Thursday, February 8th. Scotiabank began coverage on shares of Qualys in a research report on Friday. They issued a “sector perform” rating and a $172.00 price target on the stock. Finally, StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a research report on Sunday, April 21st. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Qualys has an average rating of “Hold” and an average target price of $154.57.

Insider Activity at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,130 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $169.49, for a total value of $191,523.70. Following the completion of the transaction, the chief financial officer now directly owns 96,734 shares of the company’s stock, valued at $16,395,445.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Qualys news, CEO Sumedh S. Thakar sold 4,120 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $167.62, for a total value of $690,594.40. Following the completion of the transaction, the chief executive officer now directly owns 194,481 shares of the company’s stock, valued at $32,598,905.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Joo Mi Kim sold 1,130 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $169.49, for a total transaction of $191,523.70. Following the completion of the transaction, the chief financial officer now directly owns 96,734 shares of the company’s stock, valued at $16,395,445.66. The disclosure for this sale can be found here. Insiders sold 14,792 shares of company stock valued at $2,455,489 in the last ninety days. Insiders own 1.20% 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.