Qualys, Inc. (NASDAQ:QLYS) Position Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 664,005 shares of the software maker's stock after selling 15,307 shares during the quarter. Dimensional Fund Advisors LP owned 1.81% of Qualys worth $93,106,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in Qualys by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock valued at $64,016,000 after acquiring an additional 3,848 shares during the period. Raymond James Financial Inc. acquired a new stake in Qualys in the 4th quarter valued at approximately $15,937,000. Mirae Asset Global Investments Co. Ltd. increased its position in Qualys by 13.5% in 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. acquired a new stake in Qualys in the 4th quarter valued at approximately $376,000. Finally, Kestra Private Wealth Services LLC increased its position in Qualys by 26.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker's stock valued at $596,000 after acquiring an additional 902 shares during the period. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Bruce K. Posey sold 540 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 64,513 shares of the company's stock, valued at approximately $7,603,502.18. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 4,487 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $140.00, for a total value of $628,180.00. Following the completion of the sale, the chief financial officer now directly owns 112,757 shares of the company's stock, valued at $15,785,980. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,138 shares of company stock valued at $3,519,970 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Qualys Price Performance

Shares of NASDAQ QLYS opened at $126.25 on Tuesday. The business's 50-day moving average price is $126.80 and its two-hundred day moving average price is $135.93. Qualys, Inc. has a one year low of $112.61 and a one year high of $172.70. The company has a market capitalization of $4.61 billion, a P/E ratio of 27.15 and a beta of 0.71.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, equities analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on QLYS shares. Morgan Stanley lowered their price target on Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. StockNews.com upgraded Qualys from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. JPMorgan Chase & Co. lowered their price target on Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a research report on Monday. Royal Bank of Canada lowered their price target on Qualys from $162.00 to $135.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Finally, Scotiabank lowered their price target on Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Qualys presently has an average rating of "Hold" and a consensus target price of $140.53.

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.

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