Retirement Systems of Alabama Reduces Stock Position in Qualys, Inc. $QLYS

Retirement Systems of Alabama lessened its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,400 shares of the software maker’s stock after selling 135 shares during the quarter. Retirement Systems of Alabama’s holdings in Qualys were worth $21,059,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Arkadios Wealth Advisors boosted its holdings in shares of Qualys by 2.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,006 shares of the software maker’s stock valued at $572,000 after acquiring an additional 93 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Qualys by 9.3% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 38,139 shares of the software maker’s stock valued at $5,449,000 after acquiring an additional 3,235 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Qualys by 313.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 18,546 shares of the software maker’s stock valued at $2,650,000 after acquiring an additional 14,059 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Qualys by 5.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 134,955 shares of the software maker’s stock valued at $19,281,000 after acquiring an additional 6,986 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its holdings in shares of Qualys by 13.7% during the 2nd quarter. Resonant Capital Advisors LLC now owns 2,127 shares of the software maker’s stock valued at $304,000 after acquiring an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Wall Street Analyst Weigh In

QLYS has been the topic of a number of research reports. Wall Street Zen downgraded shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. UBS Group dropped their price objective on shares of Qualys from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Morgan Stanley raised their price objective on shares of Qualys from $90.00 to $97.00 and gave the stock an “underweight” rating in a report on Wednesday, August 6th. Zacks Research downgraded shares of Qualys from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qualys in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Qualys currently has an average rating of “Hold” and a consensus target price of $140.62.

Qualys Trading Down 0.4%

NASDAQ QLYS opened at $123.26 on Friday. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $170.00. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 24.60 and a beta of 0.62. The company’s 50 day moving average is $131.43 and its two-hundred day moving average is $133.88.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company had revenue of $164.06 million for the quarter, compared to analysts’ expectations of $161.25 million. During the same quarter last year, the business earned $1.52 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. Sell-side analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

Insider Activity at Qualys

In other Qualys news, Director John A. Zangardi sold 3,103 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $134.94, for a total transaction of $418,718.82. Following the sale, the director owned 4,071 shares in the company, valued at approximately $549,340.74. This trade represents a 43.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 540 shares of Qualys stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $127.12, for a total transaction of $68,644.80. Following the sale, the insider owned 56,775 shares in the company, valued at approximately $7,217,238. The trade was a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,364 shares of company stock worth $5,162,899 in the last 90 days. Insiders own 0.88% of the company’s stock.

Qualys Profile

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.