Flinton Capital Management LLC lowered its holdings in Qualys, Inc. (NASDAQ:QLYS) by 12.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,136 shares of the software maker’s stock after selling 1,024 shares during the quarter. Flinton Capital Management LLC’s holdings in Qualys were worth $291,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its holdings in shares of Qualys by 2.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after acquiring an additional 110 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Qualys by 2.6% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock valued at $251,000 after acquiring an additional 170 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Qualys by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the software maker’s stock valued at $498,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Qualys by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,600 shares of the software maker’s stock valued at $636,000 after acquiring an additional 300 shares during the last quarter. Finally, Mason Street Advisors LLC increased its holdings in shares of Qualys by 9.0% in the 1st quarter. Mason Street Advisors LLC now owns 6,887 shares of the software maker’s stock valued at $261,000 after acquiring an additional 569 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.
Shares of Qualys, Inc. (QLYS) opened at 50.35 on Friday. Qualys, Inc. has a 12-month low of $30.60 and a 12-month high of $54.15. The stock has a 50 day moving average price of $50.54 and a 200 day moving average price of $43.41. The firm has a market capitalization of $1.89 billion, a PE ratio of 49.27 and a beta of 0.91.
Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The firm had revenue of $55.30 million during the quarter, compared to the consensus estimate of $54.87 million. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. Analysts predict that Qualys, Inc. will post $0.90 EPS for the current fiscal year.
In other news, VP Bruce K. Posey sold 11,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $46.32, for a total transaction of $509,520.00. Following the completion of the sale, the vice president now owns 34,495 shares in the company, valued at approximately $1,597,808.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sumedh S. Thakar sold 2,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $53.00, for a total value of $106,000.00. Following the sale, the insider now owns 124,051 shares of the company’s stock, valued at approximately $6,574,703. The disclosure for this sale can be found here. Insiders sold 67,908 shares of company stock valued at $3,231,668 over the last 90 days. 30.20% of the stock is currently owned by insiders.
QLYS has been the topic of a number of recent analyst reports. BidaskClub downgraded Qualys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Northland Securities set a $48.00 price target on Qualys and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Thursday, July 20th. Morgan Stanley downgraded Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price target on the stock. in a research note on Tuesday. Finally, Royal Bank Of Canada restated a “hold” rating and set a $45.00 price target on shares of Qualys in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.55.
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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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