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

Corebridge Financial Inc. decreased its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,608 shares of the software maker’s stock after selling 3,501 shares during the quarter. Corebridge Financial Inc. owned approximately 0.16% of Qualys worth $8,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of QLYS. Vanguard Group Inc. boosted its holdings in Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock valued at $604,721,000 after purchasing an additional 131,339 shares during the last quarter. Bridge City Capital LLC raised its position in shares of Qualys by 6.2% during the 4th quarter. Bridge City Capital LLC now owns 21,396 shares of the software maker’s stock valued at $3,000,000 after buying an additional 1,257 shares during the period. LPL Financial LLC lifted its holdings in Qualys by 34.1% in the fourth quarter. LPL Financial LLC now owns 35,136 shares of the software maker’s stock valued at $4,927,000 after acquiring an additional 8,935 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Qualys in the fourth quarter worth approximately $285,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Qualys during the fourth quarter worth $1,739,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 524 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was 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 owns 65,053 shares in the company, valued at $8,416,557.14. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on 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 owns 246,144 shares in the company, valued at $34,994,292.48. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,595 shares of company stock valued at $3,691,922 over the last quarter. 1.00% of the stock is owned by insiders.

Qualys Stock Performance

Shares of QLYS opened at $130.13 on Friday. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $174.20. The stock has a market capitalization of $4.75 billion, a PE ratio of 27.99 and a beta of 0.56. The stock has a 50-day simple moving average of $135.54 and a 200-day simple moving average of $136.24.

Qualys (NASDAQ:QLYS) last issued 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 return on equity of 38.52% and a net margin of 28.59%. Analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on QLYS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Royal Bank of Canada decreased their target price on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Northland Securities reissued a “market perform” rating and issued a $146.00 price target (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Finally, Scotiabank lowered their price objective on shares of Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.