Tandem Investment Advisors Inc. Sells 2,044 Shares of Qualys, Inc. (NASDAQ:QLYS)

Tandem Investment Advisors Inc. lessened its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 6.6% during the 4th quarter, Holdings Channel reports. The firm owned 28,739 shares of the software maker’s stock after selling 2,044 shares during the period. Tandem Investment Advisors Inc.’s holdings in Qualys were worth $5,641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Qualys by 46.9% during the 3rd quarter. Invesco Ltd. now owns 250,661 shares of the software maker’s stock valued at $38,238,000 after purchasing an additional 80,079 shares during the period. Burney Co. raised its stake in Qualys by 15.9% during the 3rd quarter. Burney Co. now owns 83,984 shares of the software maker’s stock valued at $12,812,000 after purchasing an additional 11,496 shares during the period. Schroder Investment Management Group raised its stake in Qualys by 24.1% during the 3rd quarter. Schroder Investment Management Group now owns 89,802 shares of the software maker’s stock valued at $13,699,000 after purchasing an additional 17,456 shares during the period. Envestnet Asset Management Inc. raised its stake in Qualys by 59.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 109,447 shares of the software maker’s stock valued at $16,696,000 after purchasing an additional 40,779 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in Qualys during the 3rd quarter valued at approximately $1,329,000. Institutional investors own 99.31% of the company’s stock.

Qualys Price Performance

Shares of Qualys stock traded down $1.71 on Wednesday, reaching $162.75. The company had a trading volume of 629,597 shares, compared to its average volume of 463,230. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 40.28 and a beta of 0.51. The firm’s 50-day moving average price is $166.74 and its two-hundred day moving average price is $175.13. Qualys, Inc. has a 1 year low of $107.00 and a 1 year high of $206.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.26. Qualys had a return on equity of 49.06% and a net margin of 27.34%. The company had revenue of $144.57 million during the quarter, compared to analysts’ expectations of $144.69 million. As a group, analysts anticipate that Qualys, Inc. will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a report on Thursday, February 8th. Royal Bank of Canada cut their price target on Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a report on Thursday, February 8th. Stephens restated an “equal weight” rating and set a $190.00 price target on shares of Qualys in a report on Thursday, February 8th. TD Cowen assumed coverage on Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price target for the company. Finally, Wedbush cut their price target on Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Qualys currently has a consensus rating of “Hold” and a consensus target price of $153.23.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 1,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $197.78, for a total transaction of $197,780.00. Following the completion of the transaction, the insider now owns 63,255 shares in the company, valued at approximately $12,510,573.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Qualys news, insider Bruce K. Posey sold 1,000 shares of Qualys stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $197.78, for a total transaction of $197,780.00. Following the completion of the sale, the insider now directly owns 63,255 shares of the company’s stock, valued at approximately $12,510,573.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sumedh S. Thakar sold 4,034 shares of Qualys stock in a transaction on Monday, April 15th. The shares were sold at an average price of $163.96, for a total value of $661,414.64. Following the sale, the chief executive officer now directly owns 193,608 shares of the company’s stock, valued at $31,743,967.68. The disclosure for this sale can be found here. Insiders sold a total of 14,349 shares of company stock worth $2,411,812 in the last quarter. 1.20% of the stock is owned by company insiders.

Qualys 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.