Victory Capital Management Inc. Sells 9,674 Shares of Qualys, Inc. (NASDAQ:QLYS)

Posted by on May 30th, 2023

Victory Capital Management Inc. cut its stake in Qualys, Inc. (NASDAQ:QLYS – Get Rating) by 32.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,118 shares of the software maker’s stock after selling 9,674 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of Qualys worth $2,321,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QLYS. First Trust Advisors LP grew its position in shares of Qualys by 21.6% in the 3rd quarter. First Trust Advisors LP now owns 1,309,842 shares of the software maker’s stock worth $182,579,000 after buying an additional 232,244 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Qualys by 1,512.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 137,735 shares of the software maker’s stock valued at $19,199,000 after purchasing an additional 129,195 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new stake in Qualys during the 3rd quarter valued at about $12,672,000. BlackRock Inc. boosted its holdings in shares of Qualys by 1.9% during the 3rd quarter. BlackRock Inc. now owns 4,477,215 shares of the software maker’s stock valued at $624,078,000 after acquiring an additional 83,343 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Qualys by 152.0% during the 3rd quarter. Federated Hermes Inc. now owns 95,715 shares of the software maker’s stock valued at $13,342,000 after acquiring an additional 57,737 shares during the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

Qualys Stock Up 2.3 %

NASDAQ QLYS opened at $126.80 on Tuesday. The company has a fifty day moving average of $121.23 and a two-hundred day moving average of $118.44. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 43.88 and a beta of 0.63. Qualys, Inc. has a 52 week low of $101.10 and a 52 week high of $162.36.

Analysts Set New Price Targets

A number of analysts have recently issued reports on QLYS shares. StockNews.com started coverage on shares of Qualys in a report on Thursday, May 18th. They set a “hold” rating on the stock. Westpark Capital started coverage on shares of Qualys in a research note on Tuesday, March 7th. They issued a “buy” rating and a $170.00 price objective on the stock. Wolfe Research cut shares of Qualys from a “peer perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research note on Monday, May 8th. Finally, DA Davidson lowered their price objective on shares of Qualys from $120.00 to $115.00 in a research note on Friday, May 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $138.73.

Insiders Place Their Bets

In other news, insider Bruce K. Posey sold 1,729 shares of Qualys stock in a transaction on Monday, March 20th. The stock was sold at an average price of $123.65, for a total transaction of $213,790.85. Following the completion of the sale, the insider now directly owns 61,680 shares in the company, valued at $7,626,732. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Bruce K. Posey sold 1,729 shares of Qualys stock in a transaction on Monday, March 20th. The stock was sold at an average price of $123.65, for a total transaction of $213,790.85. Following the completion of the sale, the insider now directly owns 61,680 shares in the company, valued at $7,626,732. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 5,833 shares of Qualys stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $119.82, for a total value of $698,910.06. Following the sale, the chief executive officer now owns 177,926 shares of the company’s stock, valued at $21,319,093.32. The disclosure for this sale can be found here. Insiders sold 16,724 shares of company stock valued at $2,069,688 over the last three months. 1.40% of the stock is owned by company insiders.

Qualys Company Profile

(Get Rating)

Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures, help protect information technology systems and applications from cyber attacks, and achieve compliance with internal policies and external regulations.

Featured Stories

Want to see what other hedge funds are holding QLYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualys, Inc. (NASDAQ:QLYS – Get Rating).

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.