London Co. of Virginia Grows Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

London Co. of Virginia boosted its position in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 464,304 shares of the software maker's stock after purchasing an additional 12,599 shares during the period. London Co. of Virginia owned about 1.27% of Qualys worth $65,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Qualys by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock valued at $64,016,000 after buying an additional 3,848 shares during the period. Raymond James Financial Inc. purchased a new position in Qualys in the fourth quarter valued at about $15,937,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Qualys by 13.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker's stock valued at $1,095,000 after acquiring an additional 933 shares during the period. Trust Point Inc. purchased a new stake in shares of Qualys during the 4th quarter worth approximately $376,000. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Qualys by 26.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker's stock worth $596,000 after purchasing an additional 902 shares during the period. Hedge funds and other institutional investors own 99.31% of the company's stock.

Analyst Ratings Changes

QLYS has been the subject of a number of recent research reports. Wedbush decreased their target price on Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Loop Capital cut their price target on Qualys from $150.00 to $140.00 and set a "hold" rating for the company in a research note on Friday, February 7th. StockNews.com upgraded Qualys from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Royal Bank of Canada upped their price objective on shares of Qualys from $131.00 to $140.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, Northland Securities reissued a "market perform" rating and issued a $146.00 price target (down previously from $150.00) on shares of Qualys in a research report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $137.50.

Qualys Price Performance

NASDAQ QLYS traded up $0.27 during trading on Thursday, reaching $135.90. The company's stock had a trading volume of 274,135 shares, compared to its average volume of 385,907. The stock has a market capitalization of $4.94 billion, a PE ratio of 29.23 and a beta of 0.61. The firm has a fifty day moving average of $126.22 and a 200 day moving average of $136.44. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.21. Qualys had a net margin of 28.59% and a return on equity of 38.52%. The business had revenue of $159.90 million for the quarter, compared to the consensus estimate of $157.05 million. During the same period last year, the firm posted $1.45 earnings per share. Qualys's quarterly revenue was up 9.7% on a year-over-year basis. Research analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 524 shares of Qualys stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $129.38, for a total value of $67,795.12. Following the transaction, the insider now owns 65,053 shares in the company, valued at $8,416,557.14. This trade represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $142.17, for a total transaction of $995,190.00. Following the sale, the chief executive officer now owns 246,144 shares of the company's stock, valued at approximately $34,994,292.48. The trade was a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,127 shares of company stock worth $2,900,298 over the last 90 days. Corporate insiders own 0.88% of the company's stock.

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.