Qualys Inc (NASDAQ:QLYS) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY cut its holdings in Qualys Inc (NASDAQ:QLYS) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,846 shares of the software maker’s stock after selling 213 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Qualys were worth $897,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FTB Advisors Inc. increased its stake in Qualys by 51.0% during the 1st quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock worth $31,000 after purchasing an additional 128 shares in the last quarter. Lindbrook Capital LLC acquired a new position in shares of Qualys in the fourth quarter worth approximately $42,000. Cornerstone Advisors Inc. lifted its stake in shares of Qualys by 43.9% in the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock worth $45,000 after acquiring an additional 165 shares during the period. Sontag Advisory LLC acquired a new position in shares of Qualys in the fourth quarter worth approximately $48,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Qualys in the fourth quarter worth approximately $62,000. Hedge funds and other institutional investors own 85.17% of the company’s stock.

In other news, Director Peter Pace sold 22,500 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $89.87, for a total transaction of $2,022,075.00. Following the transaction, the director now directly owns 30,243 shares in the company, valued at $2,717,938.41. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sumedh S. Thakar sold 4,082 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $85.86, for a total transaction of $350,480.52. Following the transaction, the insider now owns 190,132 shares in the company, valued at $16,324,733.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,497 shares of company stock worth $5,060,930. Company insiders own 17.30% of the company’s stock.

QLYS has been the subject of a number of research analyst reports. FBN Securities initiated coverage on Qualys in a report on Monday. They issued an “outperform” rating and a $100.00 target price for the company. Northland Securities restated a “buy” rating and issued a $280.00 target price on shares of ServiceNow in a research note on Thursday, May 2nd. Nomura raised their target price on Square from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, June 28th. JMP Securities raised their target price on Qualys from $85.00 to $100.00 and gave the company a “market outperform” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada set a $42.00 target price on Devon Energy and gave the company a “hold” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $94.29.

NASDAQ QLYS traded down $1.09 on Thursday, hitting $88.21. 338,607 shares of the company traded hands, compared to its average volume of 360,279. The firm has a market cap of $3.51 billion, a P/E ratio of 74.13 and a beta of 1.36. The business has a 50 day simple moving average of $87.40. Qualys Inc has a 52-week low of $65.93 and a 52-week high of $98.30.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). Qualys had a net margin of 21.23% and a return on equity of 15.51%. The business had revenue of $75.34 million during the quarter, compared to analyst estimates of $74.92 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts forecast that Qualys Inc will post 1.34 EPS for the current fiscal year.

About Qualys

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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