Victory Capital Management Inc. Has $3.98 Million Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Key Points

• Victory Capital Management Inc. increased its stake in Qualys, Inc. by 34.2% during the first quarter, owning 31,622 shares valued at approximately $3.98 million.
• Multiple institutional investors, including Tandem Investment Advisors and Mirae Asset Global Investments, have also increased their positions in Qualys, reflecting strong institutional interest.
• Qualys reported an earnings per share of $1.67 for the last quarter, exceeding estimates, while its revenue grew by 9.7% year-over-year.

Victory Capital Management Inc. increased its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 34.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,622 shares of the software maker's stock after acquiring an additional 8,051 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Qualys worth $3,982,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QLYS. Tandem Investment Advisors Inc. increased its holdings in shares of Qualys by 24.4% in the first quarter. Tandem Investment Advisors Inc. now owns 41,370 shares of the software maker's stock worth $5,210,000 after acquiring an additional 8,120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Qualys by 4.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,143 shares of the software maker's stock worth $1,036,000 after acquiring an additional 310 shares in the last quarter. Novem Group increased its holdings in shares of Qualys by 35.0% in the first quarter. Novem Group now owns 7,008 shares of the software maker's stock worth $883,000 after acquiring an additional 1,817 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Qualys by 1.1% in the first quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker's stock worth $13,856,000 after acquiring an additional 1,177 shares in the last quarter. Finally, Verity Asset Management Inc. bought a new stake in shares of Qualys in the first quarter worth about $360,000. Institutional investors and hedge funds own 99.31% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on QLYS. Jefferies Financial Group decreased their price target on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Wall Street Zen upgraded Qualys from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. reduced 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. Wedbush reduced their price objective on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, Scotiabank set a $142.00 price objective on shares of Qualys and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $137.50.

Qualys Trading Down 1.7%

NASDAQ QLYS opened at $136.81 on Monday. The firm has a market capitalization of $4.97 billion, a P/E ratio of 27.98 and a beta of 0.62. The business has a fifty day simple moving average of $140.16 and a 200 day simple moving average of $134.58. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $170.00.

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

Insider Buying and Selling

In other Qualys news, CFO Joo Mi Kim sold 1,018 shares of Qualys stock in a transaction on Monday, May 5th. The stock was sold at an average price of $126.75, for a total transaction of $129,031.50. Following the completion of the transaction, the chief financial officer owned 100,920 shares in the company, valued at approximately $12,791,610. The trade was a 1.00% 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, Director Jeffrey P. Hank sold 4,000 shares of Qualys stock in a transaction on Monday, May 5th. The shares were sold at an average price of $128.93, for a total value of $515,720.00. Following the transaction, the director owned 12,666 shares of the company's stock, valued at $1,633,027.38. The trade was a 24.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,598 shares of company stock valued at $6,529,928 over the last quarter. Company insiders own 1.00% of the company's stock.

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.

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