Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Russell Investments Group Ltd.

Posted by Defense World Staff on Aug 15th, 2023

Russell Investments Group Ltd. reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS – Free Report) by 12.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,300 shares of the software maker’s stock after selling 21,135 shares during the quarter. Russell Investments Group Ltd. owned about 0.41% of Qualys worth $19,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QLYS. Morgan Stanley raised its stake in Qualys by 256.0% during the 4th quarter. Morgan Stanley now owns 871,944 shares of the software maker’s stock worth $97,858,000 after acquiring an additional 626,998 shares in the last quarter. Lannebo Fonder AB grew its position in Qualys by 2,828.6% during the 1st quarter. Lannebo Fonder AB now owns 205,000 shares of the software maker’s stock worth $59,102,000 after purchasing an additional 198,000 shares during the last quarter. Norges Bank purchased a new position in Qualys during the 4th quarter worth $14,892,000. First Trust Advisors LP grew its position in Qualys by 10.1% during the 4th quarter. First Trust Advisors LP now owns 1,442,484 shares of the software maker’s stock worth $161,955,000 after purchasing an additional 132,642 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Qualys by 33.9% during the 4th quarter. Renaissance Technologies LLC now owns 311,700 shares of the software maker’s stock worth $34,982,000 after purchasing an additional 79,000 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Qualys Trading Down 0.0 %

QLYS stock opened at $150.95 on Tuesday. The company has a market cap of $5.54 billion, a P/E ratio of 47.62 and a beta of 0.63. Qualys, Inc. has a 52 week low of $101.10 and a 52 week high of $162.36. The company’s 50-day moving average price is $132.61 and its 200 day moving average price is $125.09.

Analysts Set New Price Targets

Several brokerages have issued reports on QLYS. Wedbush raised their price objective on shares of Qualys from $130.00 to $160.00 in a research report on Friday, August 4th. Wolfe Research downgraded shares of Qualys from a “peer perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research report on Monday, May 8th. Truist Financial raised their price objective on shares of Qualys from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, August 4th. Morgan Stanley lifted their target price on shares of Qualys from $95.00 to $104.00 and gave the company an “underweight” rating in a report on Tuesday, August 8th. Finally, Northland Securities lifted their target price on shares of Qualys from $132.00 to $136.00 in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $137.19.

Read Our Latest Stock Report on Qualys

Insider Buying and Selling

In other Qualys news, CEO Sumedh S. Thakar sold 8,333 shares of Qualys stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $130.02, for a total transaction of $1,083,456.66. Following the completion of the transaction, the chief executive officer now owns 166,650 shares in the company, valued at $21,667,833. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Qualys news, CEO Sumedh S. Thakar sold 4,168 shares of Qualys stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $146.63, for a total transaction of $611,153.84. Following the completion of the transaction, the chief executive officer now owns 155,149 shares in the company, valued at $22,749,497.87. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 8,333 shares of Qualys stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $130.02, for a total transaction of $1,083,456.66. Following the transaction, the chief executive officer now owns 166,650 shares of the company’s stock, valued at approximately $21,667,833. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,441 shares of company stock valued at $6,219,712. Corporate insiders own 1.20% of the company’s stock.

About Qualys

(Free Report)

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.