Victory Capital Management Inc. Sells 5,445 Shares of Qualys, Inc. (NASDAQ:QLYS)

Victory Capital Management Inc. trimmed its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,625 shares of the software maker's stock after selling 5,445 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Qualys worth $4,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Qualys by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker's stock valued at $640,748,000 after purchasing an additional 83,504 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of Qualys by 14.5% during the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker's stock valued at $118,966,000 after buying an additional 117,079 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Qualys by 15.3% during the 2nd quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker's stock worth $67,607,000 after acquiring an additional 63,000 shares during the period. Bank of New York Mellon Corp increased its holdings in Qualys by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker's stock worth $62,663,000 after acquiring an additional 3,357 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its stake in Qualys by 1.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker's stock valued at $53,095,000 after acquiring an additional 4,932 shares during the period. 99.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on QLYS. Wedbush cut their target price on shares of Qualys from $190.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. TD Cowen lifted their price objective on shares of Qualys from $130.00 to $150.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Canaccord Genuity Group increased their target price on Qualys from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Jefferies Financial Group lifted their price target on Qualys from $135.00 to $155.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Finally, Scotiabank dropped their price objective on Qualys from $167.00 to $150.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $152.80.

Insider Activity at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares of the company's stock, valued at approximately $22,493,851.29. This represents a 3.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey P. Hank sold 4,000 shares of Qualys stock in a transaction on Friday, November 15th. The stock was sold at an average price of $146.31, for a total transaction of $585,240.00. Following the completion of the transaction, the director now owns 12,666 shares in the company, valued at approximately $1,853,162.46. The trade was a 24.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,919 shares of company stock valued at $2,993,000. Corporate insiders own 1.00% of the company's stock.

Qualys Trading Up 2.1 %

Shares of NASDAQ:QLYS traded up $3.19 during trading on Friday, reaching $153.37. The company had a trading volume of 303,879 shares, compared to its average volume of 639,782. The company has a fifty day moving average of $131.26 and a two-hundred day moving average of $135.03. The stock has a market capitalization of $5.61 billion, a P/E ratio of 33.78 and a beta of 0.47. Qualys, Inc. has a 12 month low of $119.17 and a 12 month high of $206.35.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business had revenue of $153.87 million for the quarter, compared to analysts' expectations of $150.74 million. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts predict 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.