Gotham Asset Management LLC Has $9.39 Million Stake in Qualys, Inc. (NASDAQ:QLYS)

Gotham Asset Management LLC decreased its position in Qualys, Inc. (NASDAQ:QLYS) by 15.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,197 shares of the software maker’s stock after selling 12,746 shares during the quarter. Gotham Asset Management LLC owned 0.20% of Qualys worth $9,387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QLYS. Morgan Stanley increased its position in Qualys by 256.0% during the fourth quarter. Morgan Stanley now owns 871,944 shares of the software maker’s stock worth $97,858,000 after buying an additional 626,998 shares during the last quarter. Lannebo Fonder AB increased its position in Qualys by 2,828.6% during the first quarter. Lannebo Fonder AB now owns 205,000 shares of the software maker’s stock worth $59,102,000 after buying an additional 198,000 shares during the last quarter. Norges Bank acquired a new position in Qualys during the fourth quarter worth approximately $14,892,000. First Trust Advisors LP increased its position in Qualys by 10.1% during the fourth quarter. First Trust Advisors LP now owns 1,442,484 shares of the software maker’s stock worth $161,955,000 after buying an additional 132,642 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Qualys by 52.7% during the first quarter. Bank of America Corp DE now owns 281,357 shares of the software maker’s stock worth $36,582,000 after buying an additional 97,095 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Qualys Price Performance

QLYS traded up $1.80 during trading on Monday, hitting $155.51. 65,772 shares of the stock traded hands, compared to its average volume of 320,664. The business has a 50 day moving average price of $141.12 and a 200 day moving average price of $129.27. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 48.93 and a beta of 0.61. Qualys, Inc. has a twelve month low of $101.10 and a twelve month high of $162.36.

Qualys (NASDAQ:QLYS) last posted its earnings results on Thursday, August 3rd. The software maker reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.30. Qualys had a net margin of 22.98% and a return on equity of 40.52%. The business had revenue of $137.21 million for the quarter, compared to analysts’ expectations of $135.55 million. On average, equities research analysts predict that Qualys, Inc. will post 3.2 earnings per share for the current year.

Insider Activity at Qualys

In other news, CEO Sumedh S. Thakar sold 5,003 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $151.60, for a total transaction of $758,454.80. Following the transaction, the chief executive officer now directly owns 153,396 shares in the company, valued at approximately $23,254,833.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sumedh S. Thakar sold 4,168 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $146.63, for a total transaction of $611,153.84. Following the transaction, the chief executive officer now directly owns 155,149 shares of the company’s stock, valued at $22,749,497.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 5,003 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $151.60, for a total value of $758,454.80. Following the sale, the chief executive officer now owns 153,396 shares of the company’s stock, valued at $23,254,833.60. The disclosure for this sale can be found here. Insiders have sold a total of 34,544 shares of company stock valued at $4,763,607 over the last 90 days. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

QLYS has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price target on Qualys from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Morgan Stanley boosted their price objective on Qualys from $95.00 to $104.00 and gave the stock an “underweight” rating in a report on Tuesday, August 8th. UBS Group assumed coverage on Qualys in a report on Thursday, July 6th. They set a “neutral” rating and a $135.00 price objective for the company. Stephens assumed coverage on Qualys in a report on Thursday, August 17th. They set an “equal weight” rating and a $145.00 price objective for the company. Finally, Piper Sandler cut Qualys from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $120.00 to $109.00 in a report on Friday, June 9th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $138.41.

Qualys Company Profile

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.