Victory Capital Management Inc. Has $3.31 Million Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Victory Capital Management Inc. decreased its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 27.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,571 shares of the software maker's stock after selling 9,054 shares during the period. Victory Capital Management Inc. owned 0.06% of Qualys worth $3,305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Qualys by 0.9% in 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 purchasing an additional 3,848 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Qualys in the 4th quarter valued at approximately $28,000. QRG Capital Management Inc. grew its stake in shares of Qualys by 4.9% in the fourth quarter. QRG Capital Management Inc. now owns 4,049 shares of the software maker's stock valued at $568,000 after buying an additional 189 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Qualys during the fourth quarter worth $4,699,000. Finally, Illinois Municipal Retirement Fund increased its holdings in Qualys by 84.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 12,580 shares of the software maker's stock worth $1,764,000 after buying an additional 5,756 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company's stock.

Insiders Place Their Bets

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $142.17, for a total value of $995,190.00. Following the completion of the transaction, the chief executive officer now owns 246,144 shares of the company's stock, valued at $34,994,292.48. The trade was a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce K. Posey sold 855 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $142.24, for a total transaction of $121,615.20. Following the sale, the insider now owns 63,177 shares in the company, valued at $8,986,296.48. The trade was a 1.34 % 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 in the last 90 days. Company insiders own 1.00% of the company's stock.

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Qualys Stock Performance

Shares of QLYS stock traded down $3.34 on Thursday, hitting $128.83. The company's stock had a trading volume of 218,710 shares, compared to its average volume of 386,008. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $174.20. The company has a market capitalization of $4.70 billion, a PE ratio of 27.78 and a beta of 0.56. The stock's 50 day moving average is $136.23 and its 200-day moving average is $136.08.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on QLYS shares. Royal Bank of Canada decreased their price objective on shares of Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Loop Capital reduced their price target on Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a report on Friday, February 7th. StockNews.com raised Qualys from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Scotiabank cut their price objective on Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, Morgan Stanley started coverage on Qualys in a report on Tuesday. They set an "underweight" rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $146.14.

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.