Public Employees Retirement Association of Colorado Sells 129 Shares of Qualys, Inc. (NASDAQ:QLYS)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 3.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,965 shares of the software maker’s stock after selling 129 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Qualys were worth $565,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in Qualys by 151.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,700 shares of the software maker’s stock valued at $726,000 after buying an additional 2,226 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Qualys by 247.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 8,172 shares of the software maker’s stock worth $1,604,000 after purchasing an additional 5,823 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Qualys by 18.9% in the 4th quarter. Hsbc Holdings PLC now owns 16,320 shares of the software maker’s stock worth $3,209,000 after purchasing an additional 2,599 shares in the last quarter. Parallel Advisors LLC grew its position in Qualys by 67.5% during the 4th quarter. Parallel Advisors LLC now owns 350 shares of the software maker’s stock valued at $69,000 after purchasing an additional 141 shares during the last quarter. Finally, Axiom Investors LLC DE bought a new stake in Qualys during the 4th quarter valued at about $5,205,000. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on QLYS shares. Scotiabank dropped their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. Royal Bank of Canada reduced their target price on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Piper Sandler lowered their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group reduced their price objective on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Qualys has a consensus rating of “Hold” and a consensus target price of $147.83.

Insider Activity at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.15, for a total transaction of $1,002,050.00. Following the sale, the chief executive officer now owns 186,601 shares in the company, valued at approximately $26,711,933.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Qualys news, CFO Joo Mi Kim sold 634 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $144.75, for a total value of $91,771.50. Following the completion of the sale, the chief financial officer now owns 90,745 shares in the company, valued at approximately $13,135,338.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.15, for a total value of $1,002,050.00. Following the completion of the transaction, the chief executive officer now owns 186,601 shares in the company, valued at $26,711,933.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,535 shares of company stock worth $1,609,023. 1.00% of the stock is owned by company insiders.

Qualys Trading Up 3.2 %

Shares of QLYS stock opened at $126.87 on Friday. The company has a 50 day simple moving average of $129.02 and a two-hundred day simple moving average of $144.72. The stock has a market cap of $4.69 billion, a P/E ratio of 29.37 and a beta of 0.46. Qualys, Inc. has a 12 month low of $119.32 and a 12 month high of $206.35.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.80 million. During the same period last year, the firm earned $0.95 EPS. Qualys’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current year.

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.