Tandem Investment Advisors Inc. Raises Holdings in Qualys, Inc. (NASDAQ:QLYS)

Tandem Investment Advisors Inc. lifted its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 24.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 41,370 shares of the software maker's stock after acquiring an additional 8,120 shares during the quarter. Tandem Investment Advisors Inc. owned approximately 0.11% of Qualys worth $5,210,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QLYS. Teacher Retirement System of Texas boosted its position in Qualys by 153.3% during the first quarter. Teacher Retirement System of Texas now owns 43,710 shares of the software maker's stock worth $5,504,000 after purchasing an additional 26,452 shares during the period. Novem Group raised its position in shares of Qualys by 35.0% in the first quarter. Novem Group now owns 7,008 shares of the software maker's stock valued at $883,000 after purchasing an additional 1,817 shares during the period. Verity Asset Management Inc. purchased a new stake in shares of Qualys during the 1st quarter valued at approximately $360,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Qualys by 4.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,143 shares of the software maker's stock worth $1,036,000 after buying an additional 310 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Qualys by 4.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 45,212 shares of the software maker's stock worth $5,694,000 after buying an additional 1,983 shares during the period. Hedge funds and other institutional investors own 99.31% of the company's stock.

Insider Activity at Qualys

In other news, CEO Sumedh S. Thakar sold 8,500 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $136.30, for a total value of $1,158,550.00. Following the completion of the transaction, the chief executive officer owned 237,962 shares of the company's stock, valued at approximately $32,434,220.60. This represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 540 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $117.86, for a total value of $63,644.40. Following the completion of the transaction, the insider owned 64,513 shares of the company's stock, valued at approximately $7,603,502.18. This trade represents a 0.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,630 shares of company stock valued at $4,461,516 in the last three months. Corporate insiders own 0.88% of the company's stock.

Qualys Stock Up 5.0%

Shares of NASDAQ QLYS traded up $7.23 during midday trading on Thursday, reaching $151.21. The company had a trading volume of 361,983 shares, compared to its average volume of 370,739. The firm's fifty day moving average price is $136.81 and its 200-day moving average price is $134.50. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The stock has a market cap of $5.49 billion, a PE ratio of 30.92 and a beta of 0.62.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.21. Qualys had a net margin of 29.19% and a return on equity of 38.05%. The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.05 million. During the same quarter last year, the firm earned $1.45 EPS. The company's revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts expect that Qualys, Inc. will post 3.85 EPS for the current year.

Analysts Set New Price Targets

QLYS has been the topic of several recent research reports. Wedbush dropped their target price on Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley decreased their price objective on Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. cut their target price on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Canaccord Genuity Group reduced their target price on Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Jefferies Financial Group lowered their price target on shares of Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $137.50.

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.