State of Michigan Retirement System Sells 200 Shares of Qualys, Inc. (NASDAQ:QLYS)

State of Michigan Retirement System reduced its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,876 shares of the software maker’s stock after selling 200 shares during the quarter. State of Michigan Retirement System’s holdings in Qualys were worth $1,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of Qualys by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after purchasing an additional 3,357 shares during the period. Tributary Capital Management LLC raised its position in Qualys by 22.6% in the second quarter. Tributary Capital Management LLC now owns 3,517 shares of the software maker’s stock worth $502,000 after acquiring an additional 649 shares during the period. Argent Capital Management LLC raised its position in Qualys by 53.6% in the second quarter. Argent Capital Management LLC now owns 3,121 shares of the software maker’s stock worth $445,000 after acquiring an additional 1,089 shares during the period. DT Investment Partners LLC purchased a new position in Qualys in the second quarter valued at about $41,000. Finally, West Coast Financial LLC bought a new position in shares of Qualys during the 2nd quarter valued at approximately $3,287,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Robert W. Baird lowered their price target on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. TD Cowen decreased their price objective on Qualys from $170.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $147.83.

Qualys Trading Up 1.0 %

Shares of NASDAQ:QLYS opened at $125.71 on Friday. The company has a 50 day moving average of $136.30 and a 200 day moving average of $150.66. The stock has a market cap of $4.64 billion, a P/E ratio of 29.10 and a beta of 0.49. Qualys, Inc. has a 12 month low of $121.64 and a 12 month high of $206.35.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. During the same period in the previous year, the business earned $0.95 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $135.14, for a total value of $179,736.20. Following the transaction, the insider now directly owns 59,286 shares in the company, valued at $8,011,910.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $136.78, for a total transaction of $957,460.00. Following the completion of the sale, the chief executive officer now owns 186,601 shares of the company’s stock, valued at $25,523,284.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $135.14, for a total value of $179,736.20. Following the transaction, the insider now owns 59,286 shares in the company, valued at $8,011,910.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,385 shares of company stock worth $3,658,342. 1.00% of the stock is currently owned by insiders.

Qualys Company 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.