New York State Common Retirement Fund raised its stake in shares of Qualys Inc (NASDAQ:QLYS) by 20.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,157 shares of the software maker’s stock after buying an additional 23,728 shares during the period. New York State Common Retirement Fund owned 0.36% of Qualys worth $11,514,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of QLYS. FTB Advisors Inc. grew its position in shares of Qualys by 51.0% in the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock valued at $31,000 after purchasing an additional 128 shares during the last quarter. Cornerstone Advisors Inc. grew its position in Qualys by 43.9% during the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock worth $45,000 after buying an additional 165 shares in the last quarter. Lindbrook Capital LLC acquired a new stake in Qualys during the fourth quarter worth about $42,000. Sontag Advisory LLC acquired a new stake in Qualys during the fourth quarter worth about $48,000. Finally, Acadian Asset Management LLC acquired a new stake in Qualys during the fourth quarter worth about $62,000. Institutional investors own 85.17% of the company’s stock.
QLYS traded down $2.74 during midday trading on Wednesday, reaching $83.14. 348,967 shares of the company’s stock were exchanged, compared to its average volume of 370,440. The company’s 50-day moving average is $87.50. Qualys Inc has a one year low of $65.93 and a one year high of $98.30. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 69.87 and a beta of 1.48.
Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, May 1st. The software maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). Qualys had a return on equity of 15.51% and a net margin of 21.23%. The business had revenue of $75.34 million for the quarter, compared to analyst estimates of $74.92 million. During the same period in the prior year, the firm posted $0.36 EPS. Qualys’s revenue was up 16.1% on a year-over-year basis. On average, equities research analysts anticipate that Qualys Inc will post 1.34 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Qualys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Summit Redstone downgraded Qualys to a “hold” rating and set a $85.00 target price on the stock. in a research report on Monday, March 18th. ValuEngine downgraded Qualys from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Cowen assumed coverage on Qualys in a research report on Thursday, May 23rd. They set an “outperform” rating and a $100.00 target price on the stock. Finally, Morgan Stanley set a $91.00 target price on Qualys and gave the stock a “hold” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $93.00.
In other news, VP Bruce K. Posey sold 2,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $81.01, for a total value of $162,020.00. Following the completion of the transaction, the vice president now owns 63,578 shares of the company’s stock, valued at approximately $5,150,453.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Melissa B. Fisher sold 1,500 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $81.14, for a total transaction of $121,710.00. Following the completion of the transaction, the chief financial officer now directly owns 155,066 shares of the company’s stock, valued at approximately $12,582,055.24. The disclosure for this sale can be found here. Insiders sold a total of 56,719 shares of company stock valued at $4,946,395 in the last three months. 17.30% of the stock is owned by company insiders.
Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
Further Reading: What is the Fibonacci sequence?
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.