State of Tennessee Treasury Department Increases Holdings in Qualys Inc (NASDAQ:QLYS)

Share on StockTwits

State of Tennessee Treasury Department grew its holdings in shares of Qualys Inc (NASDAQ:QLYS) by 22.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,347 shares of the software maker’s stock after buying an additional 5,314 shares during the quarter. State of Tennessee Treasury Department’s holdings in Qualys were worth $2,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC grew its holdings in Qualys by 75.8% during the 2nd quarter. William Blair Investment Management LLC now owns 1,265,817 shares of the software maker’s stock valued at $110,227,000 after purchasing an additional 545,806 shares during the last quarter. Rothschild & Co. Asset Management US Inc. bought a new position in Qualys during the 2nd quarter valued at about $24,550,000. Nuveen Asset Management LLC bought a new position in Qualys during the 2nd quarter valued at about $16,375,000. Morgan Stanley grew its holdings in Qualys by 337.5% during the 2nd quarter. Morgan Stanley now owns 175,292 shares of the software maker’s stock valued at $15,264,000 after purchasing an additional 135,221 shares during the last quarter. Finally, AMI Asset Management Corp bought a new position in Qualys during the 2nd quarter valued at about $11,181,000. Hedge funds and other institutional investors own 84.52% of the company’s stock.

Several equities analysts recently commented on QLYS shares. Needham & Company LLC reiterated a “buy” rating and set a $105.00 price target on shares of Qualys in a report on Thursday, October 31st. Stifel Nicolaus dropped their target price on shares of Qualys from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. FBN Securities began coverage on shares of Qualys in a research note on Monday, July 15th. They issued an “outperform” rating and a $100.00 target price on the stock. SunTrust Banks began coverage on shares of Qualys in a research note on Wednesday, October 2nd. They issued a “hold” rating and a $85.00 target price on the stock. Finally, Robert W. Baird set a $100.00 target price on shares of Qualys and gave the stock a “hold” rating in a research note on Sunday, September 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Qualys has an average rating of “Hold” and an average price target of $94.56.

In other Qualys news, insider Sumedh S. Thakar sold 4,289 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $78.86, for a total value of $338,230.54. Following the completion of the transaction, the insider now owns 167,803 shares of the company’s stock, valued at $13,232,944.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Philippe F. Courtot sold 57,461 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $84.21, for a total transaction of $4,838,790.81. Following the completion of the transaction, the chief executive officer now directly owns 5,628,488 shares of the company’s stock, valued at approximately $473,974,974.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,142 shares of company stock valued at $13,875,877. Corporate insiders own 17.30% of the company’s stock.

Shares of QLYS stock opened at $83.74 on Friday. The company’s 50-day simple moving average is $78.83 and its two-hundred day simple moving average is $84.11. The company has a market capitalization of $3.27 billion, a P/E ratio of 70.37 and a beta of 1.38. Qualys Inc has a one year low of $65.93 and a one year high of $97.12.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.13. The business had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.37 million. Qualys had a net margin of 20.27% and a return on equity of 18.15%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. As a group, analysts expect that Qualys Inc will post 1.58 earnings per share for the current fiscal year.

Qualys Company 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: Understanding debt-to-equity ratio in fundamental analysis

Want to see what other hedge funds are holding QLYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualys Inc (NASDAQ:QLYS).

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.