Securian Asset Management Inc. Sells 100 Shares of Qualys, Inc. (NASDAQ:QLYS)

Securian Asset Management Inc. trimmed its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,709 shares of the software maker’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Qualys were worth $380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Qualys during the fourth quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new position in Qualys during the fourth quarter valued at about $39,000. Fifth Third Bancorp increased its stake in Qualys by 33.9% during the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after acquiring an additional 99 shares during the period. Quarry LP grew its stake in shares of Qualys by 56.2% in the 3rd 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 acquired a new position in shares of Qualys in the 4th quarter worth approximately $91,000. 99.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 855 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $142.24, for a total value of $121,615.20. Following the transaction, the insider now directly owns 63,177 shares in the company, valued at $8,986,296.48. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the transaction, the chief executive officer now owns 225,453 shares in the company, valued at $30,321,173.97. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,926 shares of company stock worth $3,745,742. Insiders own 1.00% of the company’s stock.

Qualys Stock Performance

Shares of QLYS opened at $130.61 on Wednesday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 28.09 and a beta of 0.56. The business’s fifty day moving average price is $136.27 and its two-hundred day moving average price is $136.11. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $174.20.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data 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 net margin of 28.59% and a return on equity of 38.52%. As a group, research analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on QLYS shares. Canaccord Genuity Group dropped their target price on Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a report on Friday, February 7th. Loop Capital dropped their target price on Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 7th. Royal Bank of Canada dropped their target price on Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Scotiabank dropped their target price on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Qualys in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Qualys has an average rating of “Hold” and an average target price of $146.14.

About Qualys

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.