State Street Corp lifted its position in Qualys, Inc. (NASDAQ:QLYS) by 12.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 721,149 shares of the software maker’s stock after purchasing an additional 82,251 shares during the quarter. State Street Corp owned about 1.92% of Qualys worth $29,421,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in QLYS. BlackRock Inc. grew its holdings in shares of Qualys by 157,222.3% in the first quarter. BlackRock Inc. now owns 3,365,124 shares of the software maker’s stock valued at $127,537,000 after purchasing an additional 3,362,985 shares during the period. ETF Managers Group LLC purchased a new stake in shares of Qualys in the second quarter valued at about $41,523,000. Pictet Asset Management Ltd. grew its holdings in shares of Qualys by 307.6% in the second quarter. Pictet Asset Management Ltd. now owns 430,000 shares of the software maker’s stock valued at $18,060,000 after purchasing an additional 324,500 shares during the period. Vanguard Group Inc. grew its holdings in shares of Qualys by 8.1% in the first quarter. Vanguard Group Inc. now owns 1,544,215 shares of the software maker’s stock valued at $58,527,000 after purchasing an additional 115,150 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Qualys by 11.5% in the second quarter. Renaissance Technologies LLC now owns 1,023,000 shares of the software maker’s stock valued at $41,738,000 after purchasing an additional 105,100 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Qualys, Inc. (NASDAQ QLYS) opened at $56.90 on Friday. The stock has a market cap of $2,157.65, a PE ratio of 51.73, a PEG ratio of 5.12 and a beta of 0.84. Qualys, Inc. has a 1 year low of $30.60 and a 1 year high of $58.25.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.10. The business had revenue of $59.49 million for the quarter, compared to analysts’ expectations of $58.59 million. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. research analysts anticipate that Qualys, Inc. will post 0.65 earnings per share for the current fiscal year.
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A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price objective on shares of Qualys in a report on Friday, November 3rd. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Saturday, November 4th. Morgan Stanley lowered shares of Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 target price for the company. in a research note on Tuesday, October 10th. Wells Fargo & Company set a $52.00 target price on shares of Qualys and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Finally, J P Morgan Chase & Co increased their target price on shares of Qualys from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Qualys presently has an average rating of “Hold” and a consensus price target of $54.36.
In related news, Chairman Philippe F. Courtot sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $56.01, for a total value of $1,120,200.00. Following the sale, the chairman now owns 5,544,435 shares of the company’s stock, valued at $310,543,804.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the sale, the vice president now directly owns 79,221 shares in the company, valued at approximately $3,791,517.06. The disclosure for this sale can be found here. Insiders have sold 159,714 shares of company stock worth $8,802,939 in the last three months. Corporate insiders own 30.20% of the company’s stock.
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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