Nordea Investment Management AB Grows Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Nordea Investment Management AB boosted its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 owned 0.20% of Qualys worth $10,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in shares of Qualys during the 2nd quarter worth about $40,000. UMB Bank n.a. lifted its stake in Qualys by 80.8% in the third quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after purchasing an additional 193 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after buying an additional 223 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Qualys by 68.6% during the third quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock valued at $94,000 after buying an additional 297 shares during the last quarter. Finally, KBC Group NV raised its holdings 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 buying an additional 194 shares during the period. Institutional investors own 99.31% of the company’s stock.

Analysts Set New Price Targets

QLYS has been the subject of a number of recent analyst reports. Needham & Company LLC began coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating for the company. Canaccord Genuity Group boosted their target price on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Truist Financial raised their price target on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Wolfe Research raised shares of Qualys from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Finally, DA Davidson raised their target price on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $152.80.

Insider Transactions at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,332 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $157.37, for a total value of $209,616.84. Following the completion of the sale, the chief financial officer now owns 113,652 shares of the company’s stock, valued at approximately $17,885,415.24. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. This trade represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,716 shares of company stock valued at $4,555,459. Corporate insiders own 1.00% of the company’s stock.

Qualys Price Performance

Shares of QLYS stock opened at $134.42 on Thursday. The company has a market cap of $4.92 billion, a P/E ratio of 29.61 and a beta of 0.57. The stock’s 50-day moving average is $145.82 and its 200 day moving average is $136.03. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $201.03.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. On average, analysts anticipate that Qualys, Inc. will post 4.34 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.