Qualys, Inc. (NASDAQ:QLYS) Shares Acquired by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury raised its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,629 shares of the software maker’s stock after buying an additional 1,834 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Qualys were worth $2,332,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in Qualys in the 4th quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Qualys during the fourth quarter valued at $39,000. Quadrant Capital Group LLC boosted its stake in Qualys by 88.1% during the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker’s stock valued at $47,000 after buying an additional 156 shares in the last quarter. Fifth Third Bancorp boosted its stake in Qualys by 33.9% during the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after buying an additional 99 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in shares of Qualys during the fourth quarter valued at approximately $91,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Stock Performance

NASDAQ:QLYS opened at $126.25 on Tuesday. The stock’s fifty day moving average price is $126.80 and its two-hundred day moving average price is $135.93. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $172.70. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 27.15 and a beta of 0.71.

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

Insiders Place Their Bets

In related news, insider Bruce K. Posey sold 540 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $117.86, for a total transaction of $63,644.40. Following the transaction, the insider now directly owns 64,513 shares of the company’s stock, valued at approximately $7,603,502.18. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $142.17, for a total value of $995,190.00. Following the completion of the transaction, the chief executive officer now directly owns 246,144 shares in the company, valued at approximately $34,994,292.48. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,138 shares of company stock worth $3,519,970. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

QLYS has been the topic of several research reports. Royal Bank of Canada dropped their price objective on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Northland Securities reiterated a “market perform” rating and issued a $146.00 target price (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Jefferies Financial Group lowered their target price on shares of Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. decreased their price target on shares of Qualys from $122.00 to $117.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, 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 research report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Qualys currently has an average rating of “Hold” and a consensus target price of $140.53.

Qualys 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.