Illinois Municipal Retirement Fund Purchases New Shares in Qualys, Inc. (NASDAQ:QLYS)

Posted by on Apr 25th, 2023

Illinois Municipal Retirement Fund purchased a new stake in Qualys, Inc. (NASDAQ:QLYS – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,759 shares of the software maker’s stock, valued at approximately $422,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FCF Advisors LLC purchased a new position in Qualys in the 4th quarter valued at $488,000. SG Americas Securities LLC purchased a new position in Qualys in the 4th quarter valued at $1,650,000. ProShare Advisors LLC lifted its holdings in Qualys by 15.1% in the 4th quarter. ProShare Advisors LLC now owns 7,149 shares of the software maker’s stock valued at $802,000 after purchasing an additional 938 shares in the last quarter. Bank of Montreal Can lifted its holdings in Qualys by 16.9% in the 4th quarter. Bank of Montreal Can now owns 5,207 shares of the software maker’s stock valued at $586,000 after purchasing an additional 753 shares in the last quarter. Finally, Legacy Advisors LLC lifted its holdings in Qualys by 74.7% in the 4th quarter. Legacy Advisors LLC now owns 6,322 shares of the software maker’s stock valued at $710,000 after purchasing an additional 2,704 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on QLYS shares. Piper Sandler decreased their price objective on Qualys from $138.00 to $115.00 and set a “neutral” rating on the stock in a report on Thursday, January 5th. Westpark Capital initiated coverage on Qualys in a report on Tuesday, March 7th. They set a “buy” rating and a $170.00 price target on the stock. Truist Financial reduced their price target on Qualys from $125.00 to $110.00 in a report on Monday, January 9th. Needham & Company LLC lowered Qualys from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Finally, JPMorgan Chase & Co. began coverage on Qualys in a report on Tuesday, January 24th. They set an “underweight” rating and a $109.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $143.20.

Insider Transactions at Qualys

In other news, CEO Sumedh S. Thakar sold 5,833 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $119.82, for a total transaction of $698,910.06. Following the completion of the transaction, the chief executive officer now directly owns 177,926 shares of the company’s stock, valued at $21,319,093.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Sumedh S. Thakar sold 5,833 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $119.82, for a total transaction of $698,910.06. Following the completion of the transaction, the chief executive officer now directly owns 177,926 shares of the company’s stock, valued at $21,319,093.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bruce K. Posey sold 1,752 shares of the business’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $124.38, for a total value of $217,913.76. Following the transaction, the insider now directly owns 60,928 shares of the company’s stock, valued at $7,578,224.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,490 shares of company stock valued at $2,408,136. 1.40% of the stock is currently owned by corporate insiders.

Qualys Price Performance

NASDAQ QLYS opened at $122.71 on Tuesday. The company has a market cap of $4.53 billion, a P/E ratio of 44.46 and a beta of 0.63. The stock has a 50-day moving average of $122.96 and a two-hundred day moving average of $120.84. Qualys, Inc. has a 1-year low of $101.10 and a 1-year high of $162.36.

Qualys (NASDAQ:QLYS – Get Rating) last released its earnings results on Thursday, February 9th. The software maker reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. The company had revenue of $130.85 million during the quarter, compared to the consensus estimate of $130.14 million. Qualys had a return on equity of 29.43% and a net margin of 22.05%. On average, analysts anticipate that Qualys, Inc. will post 2.69 EPS for the current fiscal year.

About Qualys

(Get Rating)

Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures, help protect information technology systems and applications from cyber attacks, and achieve compliance with internal policies and external regulations.

See Also

Want to see what other hedge funds are holding QLYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualys, Inc. (NASDAQ:QLYS – Get Rating).

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.