State of New Jersey Common Pension Fund D Cuts Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

State of New Jersey Common Pension Fund D trimmed its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 32.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,841 shares of the software maker’s stock after selling 6,626 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Qualys were worth $1,974,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Van Hulzen Asset Management LLC increased its holdings in shares of Qualys by 46.2% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 22,200 shares of the software maker’s stock valued at $3,166,000 after purchasing an additional 7,018 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Qualys by 1.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock valued at $53,095,000 after purchasing an additional 4,932 shares in the last quarter. Choreo LLC acquired a new stake in Qualys in the 2nd quarter valued at $264,000. Wedbush Securities Inc. grew its stake in Qualys by 23.3% in the 2nd quarter. Wedbush Securities Inc. now owns 3,244 shares of the software maker’s stock valued at $463,000 after acquiring an additional 613 shares during the period. Finally, Quest Partners LLC grew its stake in Qualys by 10.1% in the 2nd quarter. Quest Partners LLC now owns 3,913 shares of the software maker’s stock valued at $558,000 after acquiring an additional 360 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

QLYS has been the topic of a number of research analyst reports. Wedbush dropped their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. Westpark Capital reissued a “hold” rating on shares of Qualys in a research note on Monday, August 5th. Finally, Piper Sandler dropped their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Qualys currently has a consensus rating of “Hold” and a consensus target price of $147.83.

Insider Activity

In other news, CFO Joo Mi Kim sold 634 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $144.75, for a total transaction of $91,771.50. Following the transaction, the chief financial officer now owns 90,745 shares of the company’s stock, valued at approximately $13,135,338.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Joo Mi Kim sold 634 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $144.75, for a total value of $91,771.50. Following the sale, the chief financial officer now directly owns 90,745 shares in the company, valued at approximately $13,135,338.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the sale, the insider now owns 58,947 shares in the company, valued at $8,450,052.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,205 shares of company stock valued at $1,444,369. 1.00% of the stock is currently owned by insiders.

Qualys Trading Up 0.9 %

Shares of QLYS stock opened at $124.41 on Friday. The company’s 50-day moving average price is $130.65 and its 200-day moving average price is $145.75. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 28.80 and a beta of 0.46. Qualys, Inc. has a twelve month low of $119.32 and a twelve month high of $206.35.

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

Qualys 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.