Qualys, Inc. (QLYS) Position Cut by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its position in Qualys, Inc. (NASDAQ:QLYS) by 16.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 21,878 shares of the software maker’s stock after selling 4,319 shares during the period. Gotham Asset Management LLC owned about 0.06% of Qualys worth $893,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Prudential Financial Inc. lifted its stake in Qualys by 1.9% in the 1st quarter. Prudential Financial Inc. now owns 53,220 shares of the software maker’s stock valued at $2,017,000 after purchasing an additional 1,010 shares during the last quarter. BlackRock Inc. lifted its stake in Qualys by 157,222.3% in the 1st quarter. BlackRock Inc. now owns 3,365,124 shares of the software maker’s stock valued at $127,537,000 after purchasing an additional 3,362,985 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Qualys by 11.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 62,116 shares of the software maker’s stock valued at $2,354,000 after purchasing an additional 6,221 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Qualys by 2.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,264,080 shares of the software maker’s stock valued at $92,374,000 after purchasing an additional 57,088 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Qualys in the 1st quarter valued at about $281,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

In related news, VP Bruce K. Posey sold 11,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $46.32, for a total transaction of $509,520.00. Following the transaction, the vice president now owns 34,495 shares of the company’s stock, valued at approximately $1,597,808.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 2,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $53.00, for a total transaction of $106,000.00. Following the transaction, the insider now directly owns 124,051 shares in the company, valued at approximately $6,574,703. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,908 shares of company stock worth $3,231,668. 30.20% of the stock is owned by insiders.

QLYS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research note on Wednesday, July 5th. Morgan Stanley downgraded shares of Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 target price for the company. in a research note on Tuesday, October 10th. BidaskClub downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Imperial Capital reiterated an “outperform” rating and issued a $50.00 target price (up from $46.00) on shares of Qualys in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co upgraded shares of Qualys from a “neutral” rating to an “overweight” rating and raised their target price for the company from $40.00 to $55.00 in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.55.

Shares of Qualys, Inc. (NASDAQ:QLYS) opened at 51.25 on Wednesday. Qualys, Inc. has a 52 week low of $30.60 and a 52 week high of $54.15. The company has a market cap of $1.92 billion, a PE ratio of 50.15 and a beta of 0.91. The company has a 50 day moving average of $50.84 and a 200 day moving average of $43.61.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The company had revenue of $55.30 million for the quarter, compared to analyst estimates of $54.87 million. During the same quarter last year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts expect that Qualys, Inc. will post $0.90 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/18/qualys-inc-qlys-position-cut-by-gotham-asset-management-llc.html.

About Qualys

Qualys, Inc is a provider

Other large investors have also recently modified their holdings of the company. Prudential Financial Inc. lifted its stake in Qualys by 1.9% in the 1st quarter. Prudential Financial Inc. now owns 53,220 shares of the software maker’s stock valued at $2,017,000 after purchasing an additional 1,010 shares during the last quarter. BlackRock Inc. lifted its stake in Qualys by 157,222.3% in the 1st quarter. BlackRock Inc. now owns 3,365,124 shares of the software maker’s stock valued at $127,537,000 after purchasing an additional 3,362,985 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Qualys by 11.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 62,116 shares of the software maker’s stock valued at $2,354,000 after purchasing an additional 6,221 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Qualys by 2.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,264,080 shares of the software maker’s stock valued at $92,374,000 after purchasing an additional 57,088 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Qualys in the 1st quarter valued at about $281,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

In related news, VP Bruce K. Posey sold 11,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $46.32, for a total transaction of $509,520.00. Following the transaction, the vice president now owns 34,495 shares of the company’s stock, valued at approximately $1,597,808.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 2,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $53.00, for a total transaction of $106,000.00. Following the transaction, the insider now directly owns 124,051 shares in the company, valued at approximately $6,574,703. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,908 shares of company stock worth $3,231,668. 30.20% of the stock is owned by insiders.

QLYS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research note on Wednesday, July 5th. Morgan Stanley downgraded shares of Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 target price for the company. in a research note on Tuesday, October 10th. BidaskClub downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Imperial Capital reiterated an “outperform” rating and issued a $50.00 target price (up from $46.00) on shares of Qualys in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co upgraded shares of Qualys from a “neutral” rating to an “overweight” rating and raised their target price for the company from $40.00 to $55.00 in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.55.

Shares of Qualys, Inc. (NASDAQ:QLYS) opened at 51.25 on Wednesday. Qualys, Inc. has a 52 week low of $30.60 and a 52 week high of $54.15. The company has a market cap of $1.92 billion, a PE ratio of 50.15 and a beta of 0.91. The company has a 50 day moving average of $50.84 and a 200 day moving average of $43.61.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The company had revenue of $55.30 million for the quarter, compared to analyst estimates of $54.87 million. During the same quarter last year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts expect that Qualys, Inc. will post $0.90 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/18/qualys-inc-qlys-position-cut-by-gotham-asset-management-llc.html.

About Qualys

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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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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