Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its position in Qualys, Inc. (NASDAQ:QLYS) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 59,608 shares of the software maker’s stock after selling 3,501 shares during the period. Corebridge Financial Inc.’s holdings in Qualys were worth $8,358,000 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. purchased a new stake in Qualys in the fourth quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Qualys in the 4th quarter valued at $39,000. Fifth Third Bancorp raised its position in Qualys by 33.9% in the 4th 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 last quarter. Quarry LP boosted its stake in Qualys by 56.2% during the 3rd quarter. Quarry LP now owns 439 shares of the software maker’s stock worth $56,000 after purchasing an additional 158 shares during the period. Finally, Mendota Financial Group LLC purchased a new position in Qualys during the 4th quarter worth $91,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Stock Up 0.8 %

Shares of NASDAQ QLYS opened at $130.13 on Friday. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 27.99 and a beta of 0.56. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $174.20. The firm has a 50-day moving average price of $135.54 and a 200 day moving average price of $136.24.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (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%. Equities research analysts expect that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $142.17, for a total transaction of $995,190.00. Following the completion of the transaction, the chief executive officer now directly owns 246,144 shares in the company, valued at approximately $34,994,292.48. This trade represents a 2.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruce K. Posey sold 524 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the sale, the insider now directly owns 65,053 shares in the company, valued at $8,416,557.14. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,595 shares of company stock worth $3,691,922. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Canaccord Genuity Group reduced their price objective on Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Royal Bank of Canada decreased their price objective on Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Scotiabank dropped their target price on Qualys from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $146.14.

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.