Arizona State Retirement System Grows Holdings in Qualys Inc (QLYS)
Arizona State Retirement System boosted its holdings in shares of Qualys Inc (NASDAQ:QLYS) by 226.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,538 shares of the software maker’s stock after buying an additional 37,138 shares during the quarter. Arizona State Retirement System’s holdings in Qualys were worth $3,177,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its holdings in shares of Qualys by 23.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,802,385 shares of the software maker’s stock valued at $145,164,000 after purchasing an additional 538,305 shares in the last quarter. State Street Corp raised its holdings in shares of Qualys by 12.9% in the 2nd quarter. State Street Corp now owns 721,149 shares of the software maker’s stock valued at $29,421,000 after purchasing an additional 82,251 shares in the last quarter. DE Burlo Group Inc. acquired a new stake in shares of Qualys in the 4th quarter valued at $4,629,000. Bamco Inc. NY raised its holdings in shares of Qualys by 9.2% in the 3rd quarter. Bamco Inc. NY now owns 831,600 shares of the software maker’s stock valued at $43,077,000 after purchasing an additional 70,000 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Qualys by 36.9% in the 4th quarter. First Trust Advisors LP now owns 211,638 shares of the software maker’s stock valued at $12,561,000 after purchasing an additional 57,098 shares in the last quarter. Institutional investors own 75.03% of the company’s stock.
In other Qualys news, insider Sumedh S. Thakar sold 2,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $117,680.00. Following the transaction, the insider now directly owns 186,436 shares of the company’s stock, valued at approximately $10,969,894.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristi Marie Rogers sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $71.87, for a total transaction of $718,700.00. Following the transaction, the director now directly owns 21,155 shares in the company, valued at $1,520,409.85. The disclosure for this sale can be found here. Insiders have sold a total of 55,801 shares of company stock worth $3,675,479 over the last three months. 20.90% of the stock is currently owned by insiders.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Qualys had a net margin of 17.52% and a return on equity of 16.69%. The company had revenue of $62.90 million for the quarter, compared to the consensus estimate of $61.96 million. During the same period last year, the firm posted $0.23 EPS. Qualys’s revenue for the quarter was up 20.5% on a year-over-year basis. analysts predict that Qualys Inc will post 0.86 EPS for the current year.
Qualys declared that its Board of Directors has initiated a stock buyback program on Monday, February 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
A number of research analysts recently commented on QLYS shares. JPMorgan Chase & Co. downgraded shares of Qualys from an “overweight” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Saturday, November 4th. BidaskClub downgraded shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Morgan Stanley set a $65.00 target price on shares of Qualys and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $83.00 target price (up from $62.00) on shares of Qualys in a research report on Thursday, February 22nd. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $68.54.
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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