Charles Schwab Investment Management Inc. Has $58.15 Million Position in Qualys, Inc. (NASDAQ:QLYS)

Charles Schwab Investment Management Inc. reduced its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 452,692 shares of the software maker's stock after selling 5,450 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.24% of Qualys worth $58,153,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its position in shares of Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker's stock valued at $32,000 after acquiring an additional 168 shares during the period. UMB Bank n.a. boosted its holdings in Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker's stock valued at $34,000 after purchasing an additional 143 shares during the period. Quarry LP acquired a new position in shares of Qualys during the 2nd quarter worth approximately $40,000. DT Investment Partners LLC bought a new position in shares of Qualys during the second quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker's stock worth $82,000 after purchasing an additional 223 shares during the period. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joo Mi Kim sold 616 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the transaction, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. This trade represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,919 shares of company stock worth $2,993,000 over the last ninety days. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

QLYS has been the topic of a number of recent research reports. Scotiabank lowered their price objective on Qualys from $167.00 to $150.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. Piper Sandler reduced their price objective on shares of Qualys from $116.00 to $115.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 7th. Canaccord Genuity Group boosted their target price on shares of Qualys from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Needham & Company LLC began coverage on Qualys in a report on Wednesday, November 6th. They issued a "hold" rating on the stock. Finally, UBS Group boosted their price target on Qualys from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Three investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $152.80.

Qualys Trading Down 0.7 %

QLYS traded down $1.08 during trading on Friday, reaching $153.60. 145,776 shares of the company's stock were exchanged, compared to its average volume of 442,254. 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 $134.34 and a two-hundred day moving average price of $135.08. The stock has a market capitalization of $5.62 billion, a PE ratio of 33.83 and a beta of 0.47.

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

About Qualys

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.