State Board of Administration of Florida Retirement System reduced its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 12.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,536 shares of the software maker’s stock after selling 2,157 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Qualys were worth $589,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of QLYS. State of Alaska Department of Revenue boosted its stake in Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock worth $123,000 after buying an additional 150 shares during the last quarter. Pacad Investment Ltd. boosted its stake in Qualys by 214.3% in the fourth quarter. Pacad Investment Ltd. now owns 4,400 shares of the software maker’s stock worth $139,000 after buying an additional 3,000 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Qualys by 25.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,560 shares of the software maker’s stock worth $144,000 after buying an additional 932 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in Qualys during the fourth quarter worth about $201,000. Finally, Flinton Capital Management LLC acquired a new stake in Qualys during the fourth quarter worth about $254,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.
Qualys, Inc. (NASDAQ QLYS) opened at 41.40 on Monday. Qualys, Inc. has a one year low of $28.35 and a one year high of $44.35. The firm has a market capitalization of $1.53 billion, a PE ratio of 44.37 and a beta of 0.93. The firm has a 50-day moving average price of $41.80 and a 200 day moving average price of $36.76.
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Several research firms recently weighed in on QLYS. Royal Bank Of Canada reissued a “sector perform” rating and set a $45.00 price target (up from $39.00) on shares of Qualys in a report on Tuesday, May 23rd. Susquehanna Bancshares Inc began coverage on Qualys in a report on Wednesday, June 7th. They set a “neutral” rating and a $45.00 price target for the company. Zacks Investment Research cut Qualys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 9th. Imperial Capital lifted their price target on Qualys from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Morgan Stanley began coverage on Qualys in a report on Thursday, March 30th. They set an “overweight” rating and a $43.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.62.
In other news, insider Sumedh S. Thakar sold 1,800 shares of the firm’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $36.85, for a total transaction of $66,330.00. Following the transaction, the insider now directly owns 51,576 shares of the company’s stock, valued at $1,900,575.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philippe F. Courtot sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $35.75, for a total value of $715,000.00. Following the transaction, the chief executive officer now directly owns 5,137,542 shares in the company, valued at $183,667,126.50. The disclosure for this sale can be found here. Insiders have sold 400,304 shares of company stock worth $14,731,019 over the last ninety days. Insiders own 30.20% of the company’s stock.
Qualys Company Profile
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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