Tandem Investment Advisors Inc. Has $5.64 Million Position in Qualys, Inc. (NASDAQ:QLYS)

Tandem Investment Advisors Inc. lowered its holdings in Qualys, Inc. (NASDAQ:QLYS) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,739 shares of the software maker’s stock after selling 2,044 shares during the quarter. Tandem Investment Advisors Inc. owned about 0.08% of Qualys worth $5,641,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its stake in shares of Qualys by 46.9% during the 3rd quarter. Invesco Ltd. now owns 250,661 shares of the software maker’s stock worth $38,238,000 after purchasing an additional 80,079 shares during the period. Burney Co. raised its stake in shares of Qualys by 15.9% during the 3rd quarter. Burney Co. now owns 83,984 shares of the software maker’s stock worth $12,812,000 after purchasing an additional 11,496 shares during the period. Schroder Investment Management Group raised its stake in shares of Qualys by 24.1% during the 3rd quarter. Schroder Investment Management Group now owns 89,802 shares of the software maker’s stock worth $13,699,000 after purchasing an additional 17,456 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Qualys by 59.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 109,447 shares of the software maker’s stock worth $16,696,000 after purchasing an additional 40,779 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of Qualys during the 3rd quarter worth $1,329,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Trading Down 1.0 %

Shares of NASDAQ QLYS traded down $1.71 during midday trading on Wednesday, hitting $162.75. 629,597 shares of the company’s stock were exchanged, compared to its average volume of 463,230. Qualys, Inc. has a 12-month low of $107.00 and a 12-month high of $206.35. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 40.28 and a beta of 0.51. The business’s fifty day moving average price is $166.74 and its two-hundred day moving average price is $175.13.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.26. The business had revenue of $144.57 million during the quarter, compared to analyst estimates of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. Equities analysts expect that Qualys, Inc. will post 3.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $197.78, for a total value of $197,780.00. Following the completion of the sale, the insider now owns 63,255 shares of the company’s stock, valued at $12,510,573.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Qualys news, CFO Joo Mi Kim sold 1,130 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $169.49, for a total value of $191,523.70. Following the completion of the sale, the chief financial officer now owns 96,734 shares in the company, valued at $16,395,445.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $197.78, for a total value of $197,780.00. Following the completion of the sale, the insider now owns 63,255 shares of the company’s stock, valued at approximately $12,510,573.90. The disclosure for this sale can be found here. Insiders sold a total of 14,349 shares of company stock valued at $2,411,812 over the last quarter. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

QLYS has been the topic of a number of research reports. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their price objective on Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a research note on Thursday, February 8th. Wedbush reduced their target price on Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Truist Financial lifted their target price on Qualys from $145.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reduced their target price on Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Qualys presently has an average rating of “Hold” and a consensus target price of $153.23.

About Qualys

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.