Retirement Systems of Alabama Trims Stock Position in Qualys, Inc. $QLYS

Retirement Systems of Alabama reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,400 shares of the software maker’s stock after selling 135 shares during the quarter. Retirement Systems of Alabama owned approximately 0.41% of Qualys worth $21,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arkadios Wealth Advisors increased its position in Qualys by 2.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,006 shares of the software maker’s stock valued at $572,000 after purchasing an additional 93 shares during the period. Occidental Asset Management LLC increased its position in Qualys by 4.3% during the 2nd quarter. Occidental Asset Management LLC now owns 2,283 shares of the software maker’s stock valued at $326,000 after purchasing an additional 95 shares during the period. Cim LLC increased its position in Qualys by 1.2% during the 1st quarter. Cim LLC now owns 8,561 shares of the software maker’s stock valued at $1,078,000 after purchasing an additional 98 shares during the period. State of Michigan Retirement System increased its position in Qualys by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker’s stock valued at $1,105,000 after purchasing an additional 100 shares during the period. Finally, Securian Asset Management Inc. increased its position in Qualys by 3.7% during the 1st quarter. Securian Asset Management Inc. now owns 2,809 shares of the software maker’s stock valued at $354,000 after purchasing an additional 100 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Stock Performance

Shares of QLYS stock opened at $123.26 on Friday. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00. The company’s 50-day moving average is $131.43 and its 200 day moving average is $133.88. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 24.60 and a beta of 0.62.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, beating the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company had revenue of $164.06 million for the quarter, compared to the consensus estimate of $161.25 million. During the same period in the prior year, the firm posted $1.52 EPS. Qualys’s revenue for the quarter was up 10.3% on a year-over-year basis. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. As a group, research analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

QLYS has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Qualys in a research report on Wednesday, October 8th. DA Davidson upped their target price on shares of Qualys from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Zacks Research downgraded shares of Qualys from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Wedbush upped their target price on shares of Qualys from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $140.62.

Insider Activity at Qualys

In related news, CFO Joo Mi Kim sold 787 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $129.17, for a total transaction of $101,656.79. Following the sale, the chief financial officer directly owned 92,864 shares of the company’s stock, valued at approximately $11,995,242.88. This represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 540 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $127.12, for a total transaction of $68,644.80. Following the sale, the insider directly owned 56,775 shares in the company, valued at $7,217,238. This trade represents a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 39,364 shares of company stock worth $5,162,899 in the last ninety days. 0.88% of the stock is currently owned by company insiders.

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.