Victory Capital Management Inc. Sells 5,445 Shares of Qualys, Inc. (NASDAQ:QLYS)

Victory Capital Management Inc. reduced its position in Qualys, Inc. (NASDAQ:QLYS) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,625 shares of the software maker’s stock after selling 5,445 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Qualys worth $4,191,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QLYS. Aigen Investment Management LP bought a new position in Qualys in the third quarter valued at approximately $445,000. State of New Jersey Common Pension Fund D lifted its stake in Qualys by 14.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 15,851 shares of the software maker’s stock worth $2,036,000 after purchasing an additional 2,010 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in shares of Qualys in the 3rd quarter valued at $224,000. Covestor Ltd increased its stake in shares of Qualys by 19.7% in the 3rd quarter. Covestor Ltd now owns 1,177 shares of the software maker’s stock valued at $151,000 after purchasing an additional 194 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its holdings in shares of Qualys by 1.0% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 32,851 shares of the software maker’s stock worth $4,220,000 after buying an additional 326 shares in the last quarter. 99.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on QLYS. Piper Sandler dropped their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC initiated coverage on shares of Qualys in a research report on Wednesday, November 6th. They issued a “hold” rating on the stock. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Jefferies Financial Group increased their price target on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, Scotiabank reduced their price objective on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $152.80.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $153.37 on Friday. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 33.08 and a beta of 0.47. Qualys, Inc. has a one year low of $119.17 and a one year high of $206.35. The firm has a fifty day moving average price of $130.72 and a two-hundred day moving average price of $135.14.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. Equities research analysts expect that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Insider Activity at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey P. Hank sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $146.31, for a total value of $585,240.00. Following the transaction, the director now directly owns 12,666 shares in the company, valued at $1,853,162.46. This trade represents a 24.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,919 shares of company stock valued at $2,993,000. Corporate insiders own 1.00% of the company’s stock.

Qualys 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.