New York State Teachers Retirement System Sells 3,685 Shares of Qualys, Inc. (NASDAQ:QLYS)

New York State Teachers Retirement System lessened its holdings in Qualys, Inc. (NASDAQ:QLYS) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,092 shares of the software maker’s stock after selling 3,685 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of Qualys worth $2,958,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Vontobel Holding Ltd. boosted its stake in shares of Qualys by 29.5% in the 4th quarter. Vontobel Holding Ltd. now owns 67,024 shares of the software maker’s stock valued at $9,398,000 after purchasing an additional 15,284 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Qualys by 34.0% in the 4th quarter. Van ECK Associates Corp now owns 38,890 shares of the software maker’s stock valued at $5,453,000 after purchasing an additional 9,875 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Qualys by 26.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker’s stock valued at $596,000 after purchasing an additional 902 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Qualys in the 4th quarter valued at about $1,508,000. Finally, Financial Advocates Investment Management boosted its stake in shares of Qualys by 11.5% in the 4th quarter. Financial Advocates Investment Management now owns 2,797 shares of the software maker’s stock valued at $392,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QLYS. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Monday, February 10th. UBS Group lifted their price objective on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Wolfe Research raised shares of Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price objective on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Westpark Capital reissued a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Qualys currently has a consensus rating of “Hold” and a consensus price target of $146.57.

Insider Activity

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the completion of the transaction, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at $30,321,173.97. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce K. Posey sold 8,555 shares of Qualys stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the transaction, the insider now directly owns 64,032 shares of the company’s stock, valued at approximately $9,900,627.84. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,288 shares of company stock worth $5,204,906 over the last ninety days. Insiders own 1.00% of the company’s stock.

Qualys Stock Down 2.3 %

NASDAQ QLYS opened at $136.20 on Friday. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $174.31. The company has a market capitalization of $4.98 billion, a PE ratio of 29.29 and a beta of 0.56. The firm’s 50 day moving average is $140.33 and its 200-day moving average is $135.50.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. As a group, sell-side analysts expect that Qualys, Inc. will post 3.85 EPS for the current year.

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.