State of New Jersey Common Pension Fund D Sells 1,011 Shares of Qualys, Inc. (NASDAQ:QLYS)

State of New Jersey Common Pension Fund D cut its holdings in Qualys, Inc. (NASDAQ:QLYS) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,840 shares of the software maker’s stock after selling 1,011 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Qualys were worth $2,081,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after purchasing an additional 99 shares during the period. Quarry LP increased its stake in shares of Qualys by 56.2% in the third quarter. Quarry LP now owns 439 shares of the software maker’s stock worth $56,000 after purchasing an additional 158 shares during the period. Mendota Financial Group LLC bought a new position in shares of Qualys in the fourth quarter worth about $91,000. Advisors Asset Management Inc. increased its stake in shares of Qualys by 68.6% in the third quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock worth $94,000 after purchasing an additional 297 shares during the period. Finally, KBC Group NV increased its stake in shares of Qualys by 21.6% in the third quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock worth $140,000 after purchasing an additional 194 shares during the period. 99.31% of the stock is currently owned by institutional investors.

Qualys Trading Down 2.3 %

NASDAQ QLYS opened at $136.20 on Friday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 29.29 and a beta of 0.56. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $174.31. The stock’s 50 day moving average is $140.33 and its two-hundred day moving average is $135.49.

Qualys (NASDAQ:QLYS) last announced its earnings results on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 8,555 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $154.62, for a total value of $1,322,774.10. Following the completion of the transaction, the insider now owns 64,032 shares in the company, valued at $9,900,627.84. The trade was a 11.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 owns 225,453 shares of the company’s stock, valued at $30,321,173.97. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,288 shares of company stock valued at $5,204,906 in the last three months. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on QLYS. Truist Financial boosted their price target on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. UBS Group boosted their price target on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. TD Cowen boosted their price target on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group lowered their price target on Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $146.57.

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.