Rhumbline Advisers raised its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 9.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,273 shares of the software maker’s stock after buying an additional 4,968 shares during the period. Rhumbline Advisers owned about 0.16% of Qualys worth $2,418,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in QLYS. State of Alaska Department of Revenue boosted its position in Qualys by 4.8% during the 1st 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 during the period. LS Investment Advisors LLC lifted its position in shares of Qualys by 226.3% in the 1st quarter. LS Investment Advisors LLC now owns 3,403 shares of the software maker’s stock worth $129,000 after purchasing an additional 2,360 shares during the period. US Bancorp DE lifted its position in shares of Qualys by 448.8% in the 1st quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock worth $142,000 after purchasing an additional 3,061 shares during the period. Victory Capital Management Inc. lifted its position in shares of Qualys by 131.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock worth $146,000 after purchasing an additional 2,186 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Qualys in the 1st quarter worth about $205,000. 73.75% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on QLYS. Imperial Capital reaffirmed an “outperform” rating and issued a $50.00 target price (up from $46.00) on shares of Qualys in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $45.00 target price (up from $39.00) on shares of Qualys in a research report on Tuesday, May 23rd. Zacks Investment Research cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Susquehanna Bancshares Inc began coverage on shares of Qualys in a research report on Wednesday, June 7th. They issued a “neutral” rating and a $45.00 target price for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 target price (up from $45.00) on shares of Qualys in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $45.25.
Qualys, Inc. (NASDAQ QLYS) opened at 50.90 on Wednesday. The company has a 50 day moving average of $45.31 and a 200 day moving average of $40.72. Qualys, Inc. has a 52 week low of $30.60 and a 52 week high of $51.95. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 49.80 and a beta of 0.89.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The company had revenue of $55.30 million during the quarter, compared to analyst estimates of $54.87 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts forecast that Qualys, Inc. will post $0.90 EPS for the current fiscal year.
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In related news, Director Peter Pace sold 12,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $44.88, for a total value of $538,560.00. Following the completion of the sale, the director now directly owns 35,155 shares of the company’s stock, valued at $1,577,756.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Amer Deeba sold 2,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $40.21, for a total transaction of $80,420.00. Following the completion of the sale, the vice president now directly owns 81,353 shares of the company’s stock, valued at $3,271,204.13. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,708 shares of company stock valued at $3,174,974. 30.20% of the stock is owned by 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.
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