State Board of Administration of Florida Retirement System cut its stake in Qualys, Inc. (NASDAQ:QLYS) by 12.2% during the first quarter, Holdings Channel reports. The firm owned 15,536 shares of the software maker’s stock after selling 2,157 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Qualys were worth $589,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of QLYS. Renaissance Technologies LLC raised its position in Qualys by 18.9% in the fourth quarter. Renaissance Technologies LLC now owns 731,900 shares of the software maker’s stock valued at $23,165,000 after buying an additional 116,100 shares during the last quarter. State Street Corp raised its position in Qualys by 6.9% in the fourth quarter. State Street Corp now owns 588,683 shares of the software maker’s stock valued at $18,626,000 after buying an additional 38,236 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Qualys by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 562,465 shares of the software maker’s stock valued at $17,802,000 after buying an additional 45,286 shares during the last quarter. Norges Bank acquired a new position in Qualys during the fourth quarter valued at about $8,725,000. Finally, Russell Investments Group Ltd. raised its position in Qualys by 22.5% in the first quarter. Russell Investments Group Ltd. now owns 182,752 shares of the software maker’s stock valued at $6,926,000 after buying an additional 33,570 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.
Qualys, Inc. (QLYS) opened at 41.40 on Monday. The company has a 50-day moving average of $41.80 and a 200-day moving average of $36.76. Qualys, Inc. has a one year low of $28.35 and a one year high of $44.35. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 44.37 and a beta of 0.93.
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Several equities analysts have recently issued reports on QLYS shares. Stephens upgraded shares of Qualys from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 21st. Morgan Stanley started coverage on shares of Qualys in a report on Thursday, March 30th. They set an “overweight” rating and a $43.00 target price for the company. Robert W. Baird reiterated a “hold” rating on shares of Qualys in a report on Wednesday, May 3rd. Imperial Capital lifted their target price on shares of Qualys from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Finally, Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $46.00 target price for the company in a report on Saturday, May 6th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Qualys currently has a consensus rating of “Hold” and an average target price of $40.62.
In other Qualys news, insider Sumedh S. Thakar sold 1,800 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $42.04, for a total value of $75,672.00. Following the completion of the transaction, the insider now owns 138,631 shares of the company’s stock, valued at $5,828,047.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $42.51, for a total transaction of $85,020.00. Following the completion of the transaction, the vice president now directly owns 81,353 shares of the company’s stock, valued at approximately $3,458,316.03. The disclosure for this sale can be found here. Insiders have sold 400,304 shares of company stock valued at $14,731,019 in the last three months. 30.20% of the stock is currently owned by corporate insiders.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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