Vestcor Inc Sells 4,304 Shares of Qualys, Inc. (NASDAQ:QLYS)

Vestcor Inc decreased its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,781 shares of the software maker's stock after selling 4,304 shares during the quarter. Vestcor Inc's holdings in Qualys were worth $951,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of QLYS. Connor Clark & Lunn Investment Management Ltd. grew its position in Qualys by 208.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker's stock valued at $11,072,000 after buying an additional 58,252 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Qualys by 428.9% in the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker's stock valued at $2,345,000 after acquiring an additional 14,804 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Qualys by 0.9% during 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 acquiring an additional 3,848 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Qualys by 13.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker's stock worth $1,095,000 after purchasing an additional 933 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Qualys by 6.8% in the third quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker's stock worth $8,134,000 after purchasing an additional 4,040 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 855 shares of Qualys stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $142.24, for a total value of $121,615.20. Following the transaction, the insider now owns 63,177 shares of the company's stock, valued at $8,986,296.48. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total transaction of $941,430.00. Following the sale, the chief executive officer now directly owns 225,453 shares of the company's stock, valued at approximately $30,321,173.97. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,926 shares of company stock worth $3,745,742 over the last three months. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on QLYS shares. Northland Securities reissued a "market perform" rating and issued a $146.00 price objective (down previously from $150.00) on shares of Qualys in a research note on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of Qualys in a research report on Monday, February 10th. Morgan Stanley started coverage on shares of Qualys in a research report on Tuesday. They set an "underweight" rating and a $120.00 price objective for the company. Scotiabank dropped their target price on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Finally, StockNews.com raised shares of Qualys from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Qualys currently has an average rating of "Hold" and a consensus price target of $146.14.

Qualys Trading Up 1.2 %

NASDAQ:QLYS traded up $1.56 on Wednesday, hitting $132.17. 235,861 shares of the company's stock traded hands, compared to its average volume of 387,151. The firm has a 50-day moving average price of $136.27 and a 200-day moving average price of $136.11. The company has a market cap of $4.82 billion, a PE ratio of 28.42 and a beta of 0.56. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $174.20.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. On average, research analysts forecast that Qualys, Inc. will post 3.85 EPS for the current fiscal 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.