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

Gotham Asset Management LLC lowered its position in Qualys, Inc. (NASDAQ:QLYS) by 15.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 76,563 shares of the software maker’s stock after selling 13,853 shares during the period. Gotham Asset Management LLC’s holdings in Qualys were worth $10,736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Graham Capital Management L.P. lifted its holdings in shares of 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 acquiring an additional 2,662 shares during the period. Clark Capital Management Group Inc. bought a new position in shares of Qualys during the 4th quarter worth about $4,784,000. Cresset Asset Management LLC lifted its holdings in shares of Qualys by 5.3% during the 4th quarter. Cresset Asset Management LLC now owns 7,231 shares of the software maker’s stock worth $1,014,000 after acquiring an additional 365 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Qualys during the 4th quarter worth about $27,086,000. Finally, Brevan Howard Capital Management LP lifted its position in shares of 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 buying an additional 11,545 shares during the period. 99.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on QLYS shares. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. Canaccord Genuity Group cut their target price on Qualys from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on Qualys from $122.00 to $117.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. Wedbush cut their price target on shares of Qualys from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Finally, Loop Capital cut their price target on shares of Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Qualys has an average rating of “Hold” and an average target price of $137.50.

Qualys Trading Down 0.9%

Shares of NASDAQ QLYS opened at $132.31 on Monday. Qualys, Inc. has a 1-year low of $112.61 and a 1-year high of $170.00. The company has a market cap of $4.81 billion, a PE ratio of 28.45 and a beta of 0.61. The company has a 50-day moving average of $125.61 and a two-hundred day moving average of $136.24.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.21. The company had revenue of $159.90 million during the quarter, compared to the consensus estimate of $157.05 million. Qualys had a net margin of 28.59% and a return on equity of 38.52%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 earnings per share. As a group, equities research analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insider Activity at Qualys

In other news, CFO Joo Mi Kim sold 1,018 shares of Qualys stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $126.75, for a total transaction of $129,031.50. Following the completion of the sale, the chief financial officer now owns 100,920 shares in the company, valued at $12,791,610. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $142.17, for a total transaction of $995,190.00. Following the sale, the chief executive officer now owns 246,144 shares of the company’s stock, valued at approximately $34,994,292.48. This represents a 2.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,669 shares of company stock worth $3,536,541 over the last 90 days. 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.