Burney Co. Acquires 6,306 Shares of Qualys, Inc. (NASDAQ:QLYS)

Burney Co. boosted its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,972 shares of the software maker's stock after buying an additional 6,306 shares during the quarter. Burney Co. owned approximately 0.06% of Qualys worth $2,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Choreo LLC bought a new stake in shares of Qualys during the 2nd quarter valued at $264,000. American Century Companies Inc. lifted its position in Qualys by 10.5% during the second quarter. American Century Companies Inc. now owns 105,218 shares of the software maker's stock valued at $15,004,000 after purchasing an additional 10,031 shares in the last quarter. Federated Hermes Inc. grew its holdings in Qualys by 12.6% during the second quarter. Federated Hermes Inc. now owns 71,356 shares of the software maker's stock valued at $10,175,000 after purchasing an additional 7,976 shares during the period. Oppenheimer Asset Management Inc. increased its position in Qualys by 5.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 14,587 shares of the software maker's stock worth $2,080,000 after buying an additional 802 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Qualys by 45.3% in the second quarter. Envestnet Asset Management Inc. now owns 168,400 shares of the software maker's stock worth $24,014,000 after buying an additional 52,495 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 855 shares of Qualys stock in a transaction on Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the completion of the transaction, the insider now directly owns 63,177 shares of the company's stock, valued at $8,986,296.48. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the completion of the sale, the chief executive officer now directly owns 225,453 shares in the company, valued at approximately $33,741,295.98. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,716 shares of company stock valued at $4,620,419 over the last ninety days. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. DA Davidson boosted their price objective on Qualys from $120.00 to $147.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. TD Cowen upped their price target on shares of Qualys from $130.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of Qualys from $123.00 to $126.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their target price on shares of Qualys from $150.00 to $162.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. Finally, Wolfe Research raised Qualys from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Qualys currently has a consensus rating of "Hold" and an average target price of $152.80.

Qualys Price Performance

Shares of NASDAQ QLYS traded up $0.61 during midday trading on Thursday, reaching $136.52. 489,799 shares of the stock traded hands, compared to its average volume of 415,540. The company's 50 day moving average is $146.16 and its 200 day moving average is $135.84. Qualys, Inc. has a one year low of $119.17 and a one year high of $201.03. The stock has a market capitalization of $5.00 billion, a PE ratio of 30.07 and a beta of 0.57.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 million. During the same quarter last year, the business earned $1.24 earnings per share. Qualys's quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Qualys, Inc. will post 4.34 EPS for the current 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.