Gotham Asset Management LLC Sells 13,853 Shares of Qualys, Inc. (NASDAQ:QLYS)

Gotham Asset Management LLC trimmed its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,563 shares of the software maker's stock after selling 13,853 shares during the quarter. Gotham Asset Management LLC owned approximately 0.21% of Qualys worth $10,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QLYS. Graham Capital Management L.P. boosted its position in Qualys by 32.5% during the 4th quarter. Graham Capital Management L.P. now owns 10,853 shares of the software maker's stock worth $1,522,000 after buying an additional 2,662 shares during the period. Clark Capital Management Group Inc. acquired a new position in shares of Qualys during the fourth quarter worth $4,784,000. Cresset Asset Management LLC grew its stake in shares of Qualys by 5.3% in the fourth quarter. Cresset Asset Management LLC now owns 7,231 shares of the software maker's stock worth $1,014,000 after purchasing an additional 365 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Qualys in the fourth quarter valued at $27,086,000. Finally, Brevan Howard Capital Management LP raised its position in Qualys by 631.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 13,374 shares of the software maker's stock worth $1,875,000 after purchasing an additional 11,545 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on QLYS. Royal Bank of Canada upped their price target on Qualys from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Morgan Stanley reduced their price objective on shares of Qualys from $120.00 to $90.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC restated a "hold" rating on shares of Qualys in a report on Monday, February 10th. Finally, Wedbush cut their price target on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Qualys currently has an average rating of "Hold" and a consensus target price of $137.50.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 525 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $139.48, for a total transaction of $73,227.00. Following the completion of the sale, the insider now directly owns 65,373 shares of the company's stock, valued at approximately $9,118,226.04. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey P. Hank sold 4,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $128.93, for a total value of $515,720.00. Following the completion of the transaction, the director now directly owns 12,666 shares in the company, valued at approximately $1,633,027.38. This represents a 24.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,127 shares of company stock worth $2,900,298 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Qualys Stock Performance

Shares of Qualys stock traded up $0.27 during trading hours on Thursday, reaching $135.90. The company's stock had a trading volume of 274,135 shares, compared to its average volume of 386,334. The company has a market capitalization of $4.94 billion, a P/E ratio of 29.23 and a beta of 0.61. The stock's fifty day simple moving average is $126.01 and its two-hundred day simple moving average is $136.34. Qualys, Inc. has a one year low of $112.61 and a one year high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.21. The business had revenue of $159.90 million for the quarter, compared to analysts' expectations of $157.05 million. Qualys had a net margin of 28.59% and a return on equity of 38.52%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 EPS. As a group, research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

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.