Qualys, Inc. (NASDAQ:QLYS) Shares Bought by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. boosted its holdings in Qualys, Inc. (NASDAQ:QLYS) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,851 shares of the software maker’s stock after purchasing an additional 326 shares during the quarter. Tandem Investment Advisors Inc. owned approximately 0.09% of Qualys worth $4,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Financial Enhancement Group LLC lifted its position in Qualys by 1.5% during the 3rd quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock worth $784,000 after acquiring an additional 91 shares in the last quarter. Bank of Montreal Can grew its holdings in Qualys by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after purchasing an additional 107 shares in the last quarter. Legacy Advisors LLC increased its stake in Qualys by 1.4% during the 2nd quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock worth $1,180,000 after buying an additional 113 shares during the period. Advisors Asset Management Inc. boosted its position in Qualys by 8.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker’s stock valued at $281,000 after buying an additional 126 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Qualys by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock valued at $6,622,000 after acquiring an additional 127 shares in the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

QLYS has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wedbush cut their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. UBS Group raised their price objective on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Morgan Stanley lifted their price target on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $152.80.

Insider Buying and Selling at Qualys

In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the transaction, the chief financial officer now owns 86,576 shares in the company, valued at approximately $10,695,599.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,919 shares of company stock valued at $1,360,140 in the last quarter. Company insiders own 1.00% of the company’s stock.

Qualys Stock Down 2.6 %

Shares of NASDAQ QLYS opened at $155.08 on Friday. Qualys, Inc. has a 52-week low of $119.17 and a 52-week high of $206.35. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 34.16 and a beta of 0.47. The stock’s fifty day simple moving average is $125.52 and its 200 day simple moving average is $136.45.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The company had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. As a group, analysts anticipate that Qualys, Inc. will post 3.94 earnings per share for the current year.

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.