Teacher Retirement System of Texas Purchases New Holdings in Qualys Inc (QLYS)
Teacher Retirement System of Texas purchased a new stake in Qualys Inc (NASDAQ:QLYS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,079 shares of the software maker’s stock, valued at approximately $658,000.
A number of other large investors have also recently made changes to their positions in the business. C M Bidwell & Associates Ltd. bought a new position in Qualys in the 4th quarter valued at $196,000. Aperio Group LLC raised its position in shares of Qualys by 23.6% during the 4th quarter. Aperio Group LLC now owns 19,935 shares of the software maker’s stock valued at $1,183,000 after buying an additional 3,802 shares in the last quarter. Dupont Capital Management Corp raised its position in shares of Qualys by 8.0% during the 4th quarter. Dupont Capital Management Corp now owns 46,721 shares of the software maker’s stock valued at $2,773,000 after buying an additional 3,458 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Qualys during the 4th quarter valued at $277,000. Finally, American Capital Management Inc. raised its position in shares of Qualys by 20.7% during the 4th quarter. American Capital Management Inc. now owns 31,740 shares of the software maker’s stock valued at $1,884,000 after buying an additional 5,440 shares in the last quarter. 77.95% of the stock is owned by hedge funds and other institutional investors.
QLYS has been the topic of several research reports. JPMorgan Chase & Co. cut shares of Qualys from an “overweight” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BidaskClub cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Morgan Stanley set a $65.00 price objective on shares of Qualys and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, Wells Fargo & Co set a $62.00 price objective on shares of Qualys and gave the company a “hold” rating in a research report on Tuesday, February 13th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $68.92.
Qualys Inc (NASDAQ:QLYS) opened at $78.45 on Friday. The company has a market cap of $3,030.37, a price-to-earnings ratio of 59.43, a P/E/G ratio of 5.37 and a beta of 0.81. Qualys Inc has a 52-week low of $33.75 and a 52-week high of $79.40.
Qualys (NASDAQ:QLYS) last issued its earnings results on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $61.96 million. Qualys had a net margin of 17.52% and a return on equity of 16.69%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. analysts expect that Qualys Inc will post 0.86 earnings per share for the current year.
Qualys declared that its Board of Directors has approved a share repurchase program on Monday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the software maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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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