Sei Investments Co. Sells 11,310 Shares of Qualys, Inc. (NASDAQ:QLYS)

Sei Investments Co. cut its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 36.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,382 shares of the software maker's stock after selling 11,310 shares during the period. Sei Investments Co. owned about 0.05% of Qualys worth $2,718,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Qualys by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker's stock worth $160,957,000 after purchasing an additional 20,038 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of 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 buying an additional 123,530 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Qualys by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock valued at $64,016,000 after buying an additional 3,848 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Qualys by 1,386.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker's stock valued at $49,876,000 after buying an additional 331,766 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Qualys by 0.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 154,440 shares of the software maker's stock worth $21,656,000 after buying an additional 430 shares during the period. 99.31% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the completion of the sale, the chief executive officer now directly owns 225,453 shares of the company's stock, valued at $30,321,173.97. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bruce K. Posey sold 524 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the transaction, the insider now directly owns 65,053 shares in the company, valued at approximately $8,416,557.14. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,122 shares of company stock worth $3,484,692 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Qualys Stock Up 9.1 %

NASDAQ:QLYS traded up $10.52 during trading hours on Wednesday, reaching $125.73. The company had a trading volume of 588,057 shares, compared to its average volume of 398,632. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $174.20. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 27.04 and a beta of 0.71. The business's 50-day simple moving average is $131.96 and its two-hundred day simple moving average is $136.23.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its earnings results on Thursday, February 6th. The software maker reported $1.19 EPS 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%. As a group, equities analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Qualys from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Scotiabank reduced their price objective on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group lowered their target price on Qualys from $170.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Northland Securities reiterated a "market perform" rating and issued a $146.00 price target (down previously from $150.00) on shares of Qualys in a research report on Monday, February 10th. Finally, Royal Bank of Canada decreased their price target on Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Qualys has an average rating of "Hold" and a consensus target price of $144.36.

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.