Philippe F. Courtot Sells 40,000 Shares of Qualys, Inc. (QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) Chairman Philippe F. Courtot sold 40,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $56.99, for a total transaction of $2,279,600.00. Following the sale, the chairman now directly owns 5,564,435 shares of the company’s stock, valued at approximately $317,117,150.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Qualys, Inc. (NASDAQ QLYS) opened at $56.90 on Friday. Qualys, Inc. has a 1 year low of $30.60 and a 1 year high of $58.25. The company has a market cap of $2,140.56, a PE ratio of 51.32, a price-to-earnings-growth ratio of 5.08 and a beta of 0.84.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The company had revenue of $59.49 million for the quarter, compared to analysts’ expectations of $58.59 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. Qualys’s revenue for the quarter was up 16.7% compared to the same quarter last year. research analysts predict that Qualys, Inc. will post 0.65 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. lifted its position in Qualys by 2.9% in the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after buying an additional 110 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Qualys by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the software maker’s stock valued at $498,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System lifted its position in Qualys by 2.0% in the second quarter. Arizona State Retirement System now owns 15,600 shares of the software maker’s stock valued at $636,000 after buying an additional 300 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Qualys by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock valued at $112,000 after buying an additional 408 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in Qualys by 7.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,090 shares of the software maker’s stock valued at $289,000 after buying an additional 480 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on QLYS. BidaskClub lowered shares of Qualys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Thursday, July 20th. Summit Redstone raised shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a “hold” rating and set a $61.00 target price on shares of Qualys in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 target price on shares of Qualys in a report on Friday, November 3rd. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.36.

About Qualys

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.

Insider Buying and Selling by Quarter for Qualys (NASDAQ:QLYS)

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