Wells Fargo & Company MN raised its holdings in Qualys, Inc. (NASDAQ:QLYS) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,591 shares of the software maker’s stock after purchasing an additional 4,622 shares during the period. Wells Fargo & Company MN owned 0.47% of Qualys worth $7,164,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of QLYS. US Bancorp DE increased its stake in shares of Qualys by 448.8% in the first 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 in the last quarter. BNP Paribas Arbitrage SA grew its stake in Qualys by 16.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,651 shares of the software maker’s stock valued at $214,000 after acquiring an additional 786 shares in the last quarter. Comerica Bank grew its stake in Qualys by 6.2% during the first quarter. Comerica Bank now owns 32,751 shares of the software maker’s stock valued at $1,250,000 after acquiring an additional 1,923 shares in the last quarter. Karp Capital Management Corp purchased a new position in Qualys during the first quarter valued at approximately $281,000. Finally, Texas Permanent School Fund grew its stake in Qualys by 1.1% during the first quarter. Texas Permanent School Fund now owns 21,323 shares of the software maker’s stock valued at $808,000 after acquiring an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.
In other Qualys news, VP Amer Deeba sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $45.02, for a total transaction of $90,040.00. Following the completion of the sale, the vice president now directly owns 79,221 shares of the company’s stock, valued at approximately $3,566,529.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sumedh S. Thakar sold 12,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $50.22, for a total transaction of $602,640.00. Following the sale, the insider now directly owns 132,051 shares of the company’s stock, valued at $6,631,601.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,908 shares of company stock valued at $3,125,668. Insiders own 30.20% of the company’s stock.
QLYS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, July 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 price objective (up previously from $45.00) on shares of Qualys in a research note on Thursday, July 20th. BidaskClub cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Imperial Capital reaffirmed an “outperform” rating and set a $50.00 price objective (up previously from $46.00) on shares of Qualys in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co raised shares of Qualys from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $55.00 in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Qualys has an average rating of “Hold” and an average target price of $45.45.
Qualys, Inc. (NASDAQ QLYS) opened at 53.90 on Monday. The company’s 50-day moving average is $49.85 and its 200 day moving average is $42.95. Qualys, Inc. has a 52 week low of $30.60 and a 52 week high of $54.10. The stock has a market cap of $2.02 billion, a PE ratio of 52.74 and a beta of 0.90.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) 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 business had revenue of $55.30 million during the quarter, compared to analyst estimates of $54.87 million. During the same period last year, the firm posted $0.20 EPS. The company’s revenue was up 14.3% on a year-over-year basis. On average, analysts expect that Qualys, Inc. will post $0.90 earnings per share for the current fiscal year.
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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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