Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Qualys, Inc. (NASDAQ:QLYS) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 30,888 shares of the software maker’s stock after selling 193 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Qualys worth $4,331,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Qualys in the fourth quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in Qualys during the 4th quarter worth $39,000. Fifth Third Bancorp increased its stake in Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after purchasing an additional 99 shares during the period. Quarry LP increased its stake in Qualys by 56.2% in the third quarter. Quarry LP now owns 439 shares of the software maker’s stock valued at $56,000 after purchasing an additional 158 shares during the period. Finally, Mendota Financial Group LLC purchased a new stake in shares of Qualys in the fourth quarter valued at about $91,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Qualys news, 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 sale, the chief executive officer now owns 225,453 shares of the company’s stock, valued at $30,321,173.97. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 855 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the completion of the sale, the insider now owns 63,177 shares in the company, valued at $8,986,296.48. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,926 shares of company stock worth $3,745,742 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on QLYS shares. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research report on Monday, February 10th. StockNews.com raised Qualys from a “hold” rating to a “buy” rating in a report on Wednesday. Loop Capital decreased their price target on Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 7th. Northland Securities reissued a “market perform” rating and issued a $146.00 price objective (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Finally, Canaccord Genuity Group cut their price objective on shares of Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus target price of $146.57.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $126.39 on Friday. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 27.18 and a beta of 0.56. The business’s 50 day simple moving average is $136.52 and its 200-day simple moving average is $135.89. Qualys, Inc. has a 12 month low of $119.17 and a 12 month high of $174.20.

Qualys (NASDAQ:QLYS) last posted its earnings results on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, equities analysts anticipate that Qualys, Inc. will post 3.85 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.