Victory Capital Management Inc. Cuts Stake in Qualys, Inc. (NASDAQ:QLYS)

Victory Capital Management Inc. lowered its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 27.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,571 shares of the software maker’s stock after selling 9,054 shares during the period. Victory Capital Management Inc. owned about 0.06% of Qualys worth $3,305,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Qualys by 1.6% during 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 during the period. Boston Trust Walden Corp grew its stake in 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 purchasing an additional 123,530 shares during the last quarter. CDAM UK Ltd grew its stake in Qualys by 8.3% in the third quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock valued at $64,604,000 after purchasing an additional 38,509 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Qualys by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker’s stock valued at $64,016,000 after purchasing an additional 3,848 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in Qualys by 8.3% in the third quarter. Penserra Capital Management LLC now owns 373,995 shares of the software maker’s stock valued at $48,043,000 after purchasing an additional 28,802 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 525 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $139.48, for a total value of $73,227.00. Following the completion of the transaction, the insider now directly owns 65,373 shares of the company’s stock, valued at approximately $9,118,226.04. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $142.17, for a total value of $995,190.00. Following the completion of the transaction, the chief executive officer now directly owns 246,144 shares of the company’s stock, valued at $34,994,292.48. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,926 shares of company stock valued at $3,745,742 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada cut their target price on Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Scotiabank cut their target price on Qualys from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Finally, Northland Securities reissued a “market perform” rating and issued a $146.00 price target (down previously from $150.00) on shares of Qualys in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $146.57.

Qualys Stock Up 4.0 %

Qualys stock opened at $126.39 on Monday. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $174.20. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 27.18 and a beta of 0.56. The stock has a 50-day moving average price of $136.52 and a 200 day moving average price of $136.04.

Qualys (NASDAQ:QLYS) last released its earnings results 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 38.52% and a net margin of 28.59%. Research analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

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.