Dimensional Fund Advisors LP Sells 32,625 Shares of Qualys, Inc. (NASDAQ:QLYS)

Dimensional Fund Advisors LP trimmed its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 711,219 shares of the software maker’s stock after selling 32,625 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.93% of Qualys worth $101,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Qualys by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after buying an additional 83,504 shares during the period. Boston Trust Walden Corp grew its stake in shares of Qualys by 9.8% in the second quarter. Boston Trust Walden Corp now owns 809,014 shares of the software maker’s stock worth $115,365,000 after purchasing an additional 72,261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Qualys by 50.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock valued at $83,743,000 after purchasing an additional 169,293 shares during the period. Bank of New York Mellon Corp raised its position in Qualys by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after purchasing an additional 3,357 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its position in Qualys by 1.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock worth $53,095,000 after purchasing an additional 4,932 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the sale, the insider now directly owns 58,947 shares of the company’s stock, valued at $8,450,052.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the transaction, the insider now owns 58,947 shares in the company, valued at approximately $8,450,052.45. 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 business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.15, for a total value of $1,002,050.00. Following the sale, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at $26,711,933.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,535 shares of company stock valued at $1,609,023. Corporate insiders own 1.00% of the company’s stock.

Qualys Price Performance

Shares of Qualys stock opened at $124.62 on Wednesday. The business has a 50-day simple moving average of $129.86 and a 200 day simple moving average of $145.00. Qualys, Inc. has a one year low of $119.32 and a one year high of $206.35. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 28.85 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. During the same period in the prior year, the firm earned $0.95 earnings per share. Qualys’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts expect that Qualys, Inc. will post 3.94 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on QLYS shares. UBS Group decreased their price target on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Northland Securities restated a “market perform” rating and set a $140.00 price target (down previously from $150.00) on shares of Qualys in a report on Wednesday, August 7th. DA Davidson raised shares of Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Truist Financial lowered their target price on shares of Qualys from $165.00 to $130.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Wedbush cut their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $147.83.

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.