Morgan Stanley lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 86.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 41,704 shares of the software maker’s stock after selling 260,432 shares during the period. Morgan Stanley owned approximately 0.11% of Qualys worth $1,581,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in QLYS. Flinton Capital Management LLC boosted its stake in shares of Qualys by 1.6% in the first quarter. Flinton Capital Management LLC now owns 8,160 shares of the software maker’s stock valued at $309,000 after buying an additional 128 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock valued at $123,000 after buying an additional 150 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Qualys by 2.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock valued at $251,000 after buying an additional 170 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Qualys by 1.6% in the first quarter. Meadow Creek Investment Management LLC now owns 11,220 shares of the software maker’s stock valued at $425,000 after buying an additional 176 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its stake in shares of Qualys by 1.6% in the first quarter. Glen Harbor Capital Management LLC now owns 14,280 shares of the software maker’s stock valued at $541,000 after buying an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.

Shares of Qualys, Inc. (QLYS) traded up 1.58% during midday trading on Friday, hitting $48.25. 265,653 shares of the stock traded hands. Qualys, Inc. has a 52-week low of $30.61 and a 52-week high of $48.58. The stock has a 50-day moving average of $44.16 and a 200-day moving average of $40.14. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 47.21 and a beta of 0.88.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The firm had revenue of $55.30 million during the quarter, compared to analysts’ expectations of $54.87 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities analysts predict that Qualys, Inc. will post $0.90 earnings per share for the current fiscal year.

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Several analysts have recently issued reports on the stock. BidaskClub cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Imperial Capital upped their target price on shares of Qualys from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, July 20th. Monness Crespi & Hardt assumed coverage on shares of Qualys in a research report on Monday, July 10th. They set a “neutral” rating on the stock. Finally, Susquehanna Bancshares Inc assumed coverage on shares of Qualys in a research report on Wednesday, June 7th. They set a “neutral” rating and a $45.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Qualys currently has an average rating of “Hold” and a consensus price target of $45.25.

In other Qualys news, VP Amer Deeba sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $40.21, for a total transaction of $80,420.00. Following the completion of the transaction, the vice president now owns 81,353 shares in the company, valued at approximately $3,271,204.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Todd P. Headley sold 4,714 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $45.25, for a total transaction of $213,308.50. Following the transaction, the director now owns 14,410 shares of the company’s stock, valued at approximately $652,052.50. The disclosure for this sale can be found here. Insiders have sold a total of 45,508 shares of company stock valued at $2,052,286 in the last quarter. 30.20% of the stock is currently owned by company insiders.

Qualys Company Profile

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.

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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