Migdal Insurance & Financial Holdings Ltd. Trims Stake in Qualys, Inc. (NASDAQ:QLYS)

Migdal Insurance & Financial Holdings Ltd. lowered its holdings in Qualys, Inc. (NASDAQ:QLYS) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,154 shares of the software maker’s stock after selling 226 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Qualys were worth $1,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QLYS. Geode Capital Management LLC grew its stake in shares of Qualys by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker’s stock valued at $160,957,000 after buying an additional 20,038 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of Qualys by 13.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock valued at $147,178,000 after buying an additional 123,530 shares in the last quarter. CDAM UK Ltd grew its stake in Qualys by 8.3% during the 3rd quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock worth $64,604,000 after purchasing an additional 38,509 shares in the last quarter. Penserra Capital Management LLC grew its stake in Qualys by 8.3% during the 3rd quarter. Penserra Capital Management LLC now owns 373,995 shares of the software maker’s stock worth $48,043,000 after purchasing an additional 28,802 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Qualys by 1,386.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker’s stock worth $49,876,000 after purchasing an additional 331,766 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Wall Street Analyst Weigh In

QLYS has been the subject of several analyst reports. DA Davidson boosted their target price on Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Jefferies Financial Group boosted their target price on Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. UBS Group upped their price objective on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group lowered their price objective on Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research report on Friday. Finally, Scotiabank lowered their price objective on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $149.25.

Qualys Stock Down 3.7 %

QLYS opened at $135.57 on Friday. The business has a 50 day moving average price of $143.41 and a two-hundred day moving average price of $135.70. The company has a market cap of $4.96 billion, a PE ratio of 29.86 and a beta of 0.56. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $174.73.

Qualys (NASDAQ:QLYS) last issued its 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 40.24% and a net margin of 28.72%. As a group, sell-side analysts expect that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Insider Transactions at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total transaction of $941,430.00. Following the completion of the transaction, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at approximately $30,321,173.97. This represents a 3.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Joo Mi Kim sold 1,332 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $17,885,415.24. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 31,259 shares of company stock valued at $4,578,153. Corporate insiders own 1.00% of the company’s stock.

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.