Qualys, Inc. (NASDAQ:QLYS) Holdings Boosted by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 389.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,630 shares of the software maker’s stock after purchasing an additional 1,297 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Qualys were worth $272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QLYS. Goldman Sachs Group Inc. increased its holdings in shares of Qualys by 121.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 360,294 shares of the software maker’s stock worth $70,719,000 after purchasing an additional 197,911 shares during the period. California Public Employees Retirement System increased its holdings in shares of Qualys by 172.3% during the 4th quarter. California Public Employees Retirement System now owns 193,056 shares of the software maker’s stock worth $37,893,000 after purchasing an additional 122,168 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Qualys by 201,932.8% during the 4th quarter. International Assets Investment Management LLC now owns 117,179 shares of the software maker’s stock worth $23,000,000 after purchasing an additional 117,121 shares during the period. Wellington Management Group LLP bought a new position in shares of Qualys during the 4th quarter worth about $18,844,000. Finally, Invesco Ltd. increased its holdings in shares of Qualys by 46.9% during the 3rd quarter. Invesco Ltd. now owns 250,661 shares of the software maker’s stock worth $38,238,000 after purchasing an additional 80,079 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Price Performance

Shares of NASDAQ QLYS traded down $1.87 during midday trading on Tuesday, reaching $144.52. 415,304 shares of the stock were exchanged, compared to its average volume of 469,556. The business has a 50-day simple moving average of $162.90 and a two-hundred day simple moving average of $175.63. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 33.45 and a beta of 0.51. Qualys, Inc. has a 12 month low of $119.12 and a 12 month high of $206.35.

Insider Transactions at Qualys

In other news, CFO Joo Mi Kim sold 723 shares of Qualys stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total transaction of $119,121.48. Following the transaction, the chief financial officer now directly owns 100,289 shares of the company’s stock, valued at $16,523,615.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Sumedh S. Thakar sold 4,120 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the sale, the chief executive officer now directly owns 194,481 shares in the company, valued at $32,598,905.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joo Mi Kim sold 723 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $164.76, for a total transaction of $119,121.48. Following the sale, the chief financial officer now owns 100,289 shares in the company, valued at $16,523,615.64. The disclosure for this sale can be found here. Insiders have sold a total of 15,920 shares of company stock valued at $2,613,011 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QLYS. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a research note on Friday. Wedbush decreased their price objective on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a report on Monday, May 13th. TD Cowen assumed coverage on shares of Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price objective for the company. Finally, Robert W. Baird dropped their price objective on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $162.23.

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.