Teachers Retirement System of The State of Kentucky Has $1.36 Million Holdings in Qualys, Inc. (NASDAQ:QLYS)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 2.9% during the third quarter, Holdings Channel.com reports. The firm owned 10,558 shares of the software maker’s stock after selling 320 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Qualys were worth $1,356,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Millennium Management LLC lifted its holdings in Qualys by 100.7% during the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after buying an additional 184,403 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Qualys by 95.7% during the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock valued at $40,771,000 after acquiring an additional 139,897 shares during the period. Boston Trust Walden Corp lifted its stake in shares of Qualys by 14.5% during the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after acquiring an additional 117,079 shares during the period. Hantz Financial Services Inc. bought a new position in Qualys in the second quarter valued at about $10,132,000. Finally, AQR Capital Management LLC increased its position in Qualys by 25.6% in the second quarter. AQR Capital Management LLC now owns 315,970 shares of the software maker’s stock worth $44,994,000 after purchasing an additional 64,394 shares during the period. 99.31% of the stock is owned by institutional investors.

Qualys Stock Performance

Shares of QLYS opened at $145.90 on Wednesday. The firm’s 50 day moving average price is $140.46 and its two-hundred day moving average price is $135.57. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35. The firm has a market cap of $5.34 billion, a P/E ratio of 32.14 and a beta of 0.54.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. During the same quarter in the prior year, the company earned $1.24 EPS. The company’s revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on QLYS shares. Jefferies Financial Group upped their target price on shares of Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group increased their price objective on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Truist Financial lifted their target price on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Westpark Capital reissued a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price objective on Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $152.80.

Insider Activity at Qualys

In related news, 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 completion of the transaction, the chief financial officer now owns 113,652 shares in the company, valued at approximately $17,885,415.24. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the sale, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,190 shares of company stock valued at $4,449,290. 1.00% of the stock is owned by insiders.

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.