Penserra Capital Management LLC Has $62.85 Million Holdings in Qualys, Inc. (NASDAQ:QLYS)

Penserra Capital Management LLC grew its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 53.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 499,084 shares of the software maker's stock after purchasing an additional 173,512 shares during the quarter. Qualys comprises about 1.1% of Penserra Capital Management LLC's portfolio, making the stock its 15th biggest holding. Penserra Capital Management LLC owned about 1.37% of Qualys worth $62,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Qualys by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker's stock valued at $13,856,000 after buying an additional 1,177 shares during the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of Qualys by 24.4% during the 1st quarter. Tandem Investment Advisors Inc. now owns 41,370 shares of the software maker's stock worth $5,210,000 after purchasing an additional 8,120 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Qualys by 153.3% during the 1st quarter. Teacher Retirement System of Texas now owns 43,710 shares of the software maker's stock worth $5,504,000 after acquiring an additional 26,452 shares in the last quarter. Novem Group boosted its holdings in shares of Qualys by 35.0% in the 1st quarter. Novem Group now owns 7,008 shares of the software maker's stock valued at $883,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in Qualys in the first quarter valued at about $360,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on QLYS. JPMorgan Chase & Co. reduced their price target on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Scotiabank set a $142.00 target price on shares of Qualys and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group cut their price objective on Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group cut their price objective on Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Finally, Morgan Stanley cut their price objective on Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $137.50.

Qualys Stock Up 5.0%

QLYS traded up $7.23 during midday trading on Friday, hitting $151.21. 361,983 shares of the company were exchanged, compared to its average volume of 370,949. The firm has a market capitalization of $5.49 billion, a P/E ratio of 30.92 and a beta of 0.62. Qualys, Inc. has a 1-year low of $112.61 and a 1-year high of $170.00. The firm's 50 day moving average price is $137.30 and its 200-day moving average price is $134.49.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.21. The company had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.05 million. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. On average, sell-side analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 8,500 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $136.30, for a total value of $1,158,550.00. Following the transaction, the chief executive officer owned 237,962 shares in the company, valued at $32,434,220.60. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce K. Posey sold 540 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $117.86, for a total transaction of $63,644.40. Following the completion of the transaction, the insider owned 64,513 shares in the company, valued at approximately $7,603,502.18. The trade was a 0.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,630 shares of company stock worth $4,461,516 over the last quarter. Company insiders own 0.88% of the company's stock.

About Qualys

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.