Tandem Investment Advisors Inc. Raises Position in Qualys, Inc. (NASDAQ:QLYS)

Tandem Investment Advisors Inc. increased its holdings in Qualys, Inc. (NASDAQ:QLYS) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,250 shares of the software maker’s stock after purchasing an additional 399 shares during the period. Tandem Investment Advisors Inc. owned 0.09% of Qualys worth $4,662,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning grew its holdings in Qualys by 60.9% in the 3rd quarter. Creative Planning now owns 6,580 shares of the software maker’s stock valued at $845,000 after buying an additional 2,491 shares during the period. Blue Trust Inc. boosted its position in shares of Qualys by 93.2% in the third quarter. Blue Trust Inc. now owns 1,559 shares of the software maker’s stock worth $222,000 after acquiring an additional 752 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Qualys by 11.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,438 shares of the software maker’s stock valued at $955,000 after purchasing an additional 738 shares during the period. International Assets Investment Management LLC increased its position in Qualys by 12,750.0% during the third quarter. International Assets Investment Management LLC now owns 1,542 shares of the software maker’s stock worth $198,000 after purchasing an additional 1,530 shares during the last quarter. Finally, Argent Capital Management LLC increased its position in Qualys by 13.6% during the third quarter. Argent Capital Management LLC now owns 3,546 shares of the software maker’s stock worth $456,000 after purchasing an additional 425 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Trading Down 4.5 %

Shares of QLYS stock opened at $139.40 on Friday. The firm has a fifty day simple moving average of $140.56 and a 200-day simple moving average of $135.48. The company has a market capitalization of $5.10 billion, a PE ratio of 29.98 and a beta of 0.56. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $174.31.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. Equities research analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

Analysts Set New Price Targets

QLYS has been the topic of a number of research analyst reports. Loop Capital decreased their price target on shares of Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group reduced their target price on Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Scotiabank dropped their price target on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Wolfe Research upgraded Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a report on Monday, February 10th. Two equities research 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. Based on data from MarketBeat, Qualys currently has an average rating of “Hold” and an average price target of $146.57.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 8,555 shares of Qualys stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $154.62, for a total value of $1,322,774.10. Following the completion of the sale, the insider now owns 64,032 shares in the company, valued at approximately $9,900,627.84. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joo Mi Kim sold 1,332 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $157.37, for a total transaction of $209,616.84. Following the transaction, the chief financial officer now owns 113,652 shares in the company, valued at $17,885,415.24. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,288 shares of company stock valued at $5,204,906. 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.