Migdal Insurance & Financial Holdings Ltd. Reduces Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Migdal Insurance & Financial Holdings Ltd. lessened its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,154 shares of the software maker’s stock after selling 226 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Qualys were worth $1,003,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new stake in Qualys during the 3rd quarter valued at about $445,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Qualys by 208.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after acquiring an additional 58,252 shares during the period. Intech Investment Management LLC grew its holdings in Qualys by 428.9% during the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock worth $2,345,000 after acquiring an additional 14,804 shares during the period. Van ECK Associates Corp grew its holdings in Qualys by 40.0% during the third quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after acquiring an additional 8,291 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Qualys by 6.8% during the third quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker’s stock worth $8,134,000 after acquiring an additional 4,040 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insider Buying and Selling

In other Qualys news, CFO Joo Mi Kim sold 1,332 shares of Qualys stock in a transaction 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 sale, the chief financial officer now owns 113,652 shares in the company, valued at $17,885,415.24. The trade was a 1.16 % 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 Qualys stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total value of $1,047,620.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares in the company, valued at $33,741,295.98. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,259 shares of company stock worth $4,578,153. 1.00% of the stock is owned by corporate insiders.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $135.57 on Friday. The business’s 50 day moving average price is $143.41 and its 200-day moving average price is $135.70. The firm has a market capitalization of $4.96 billion, a PE ratio of 29.86 and a beta of 0.56. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $174.73.

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 return on equity of 40.24% and a net margin of 28.72%. As a group, analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QLYS. Needham & Company LLC began coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating on the stock. UBS Group raised their target price on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Truist Financial raised their target price on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Morgan Stanley raised their target price on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Wolfe Research raised Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $149.25.

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.