Teacher Retirement System of Texas Increases Position in Qualys, Inc. (NASDAQ:QLYS)

Teacher Retirement System of Texas increased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 151.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,258 shares of the software maker's stock after buying an additional 10,387 shares during the quarter. Teacher Retirement System of Texas' holdings in Qualys were worth $2,420,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Qualys by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker's stock valued at $64,016,000 after purchasing an additional 3,848 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Qualys by 13.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker's stock valued at $1,095,000 after purchasing an additional 933 shares during the last quarter. Raymond James Financial Inc. bought a new position in Qualys in the 4th quarter valued at approximately $15,937,000. BNP Paribas Financial Markets boosted its position in Qualys by 6.8% in the third quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker's stock valued at $8,134,000 after buying an additional 4,040 shares in the last quarter. Finally, Trust Point Inc. bought a new stake in shares of Qualys during the fourth quarter worth $376,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Trading Down 2.3 %

NASDAQ QLYS traded down $2.95 during trading hours on Friday, hitting $127.18. 171,168 shares of the company's stock were exchanged, compared to its average volume of 395,977. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 27.35 and a beta of 0.56. The stock has a 50-day simple moving average of $135.35 and a 200 day simple moving average of $136.48. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $174.20.

Remove Ads

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. On average, sell-side analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada cut their price objective on Qualys from $162.00 to $135.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Loop Capital cut their price target on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Qualys in a research note on Monday, February 10th. StockNews.com upgraded shares of Qualys from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, Canaccord Genuity Group reduced their target price on shares of Qualys from $170.00 to $163.00 and set a "buy" rating on the stock in a report on Friday, February 7th. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $146.14.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business's stock in a transaction dated 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 sale, 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 legal filing with the SEC, which is available at this link. Also, insider Bruce K. Posey sold 524 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $129.38, for a total transaction of $67,795.12. Following the completion of the sale, the insider now owns 65,053 shares in the company, valued at $8,416,557.14. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,595 shares of company stock worth $3,691,922. Company insiders own 1.00% of the company's stock.

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.