Texas Permanent School Fund Sells 166 Shares of Qualys Inc (NASDAQ:QLYS)

Texas Permanent School Fund cut its holdings in Qualys Inc (NASDAQ:QLYS) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,802 shares of the software maker’s stock after selling 166 shares during the period. Texas Permanent School Fund’s holdings in Qualys were worth $1,901,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in QLYS. First Trust Advisors LP boosted its holdings in Qualys by 41.8% in the 3rd quarter. First Trust Advisors LP now owns 293,643 shares of the software maker’s stock valued at $22,191,000 after purchasing an additional 86,488 shares during the period. BlackRock Inc. raised its position in shares of Qualys by 1.6% during the 2nd quarter. BlackRock Inc. now owns 5,081,901 shares of the software maker’s stock valued at $442,532,000 after buying an additional 82,375 shares in the last quarter. Man Group plc raised its position in shares of Qualys by 54.2% during the 3rd quarter. Man Group plc now owns 188,761 shares of the software maker’s stock valued at $14,264,000 after buying an additional 66,364 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Qualys by 23.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 245,375 shares of the software maker’s stock valued at $20,302,000 after buying an additional 46,875 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Qualys by 27.7% during the 3rd quarter. Millennium Management LLC now owns 214,814 shares of the software maker’s stock valued at $16,233,000 after buying an additional 46,611 shares in the last quarter. 86.85% of the stock is owned by hedge funds and other institutional investors.

In other Qualys news, insider Sumedh S. Thakar sold 7,208 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $89.26, for a total value of $643,386.08. Following the transaction, the insider now owns 214,020 shares in the company, valued at $19,103,425.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bruce K. Posey sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $83.86, for a total transaction of $83,860.00. Following the completion of the transaction, the vice president now owns 85,955 shares in the company, valued at approximately $7,208,186.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,086 shares of company stock worth $2,407,427. 17.30% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Qualys from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday. Rosenblatt Securities restated a “hold” rating and set a $93.00 price objective on shares of Qualys in a research report on Thursday. Wedbush raised their price objective on shares of Qualys from $102.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday. Needham & Company LLC restated a “buy” rating and set a $105.00 price objective on shares of Qualys in a research report on Thursday, November 21st. Finally, ValuEngine cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $95.69.

NASDAQ:QLYS traded up $1.99 during trading hours on Friday, reaching $92.07. The company’s stock had a trading volume of 10,815 shares, compared to its average volume of 292,033. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 60.32 and a beta of 1.36. The firm has a 50-day simple moving average of $85.73 and a 200-day simple moving average of $83.11. Qualys Inc has a 1 year low of $72.76 and a 1 year high of $95.99.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.23. The company had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $84.68 million. Qualys had a net margin of 20.27% and a return on equity of 18.15%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. Research analysts expect that Qualys Inc will post 1.64 EPS for the current year.

Qualys Profile

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: Quiet Period

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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