Alliancebernstein L.P. lessened its holdings in Qualys (NASDAQ:QLYS) by 12.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,668 shares of the software maker’s stock after selling 6,100 shares during the quarter. Alliancebernstein L.P.’s holdings in Qualys were worth $2,651,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in QLYS. Nationwide Fund Advisors boosted its holdings in Qualys by 3.9% in the 3rd quarter. Nationwide Fund Advisors now owns 33,332 shares of the software maker’s stock valued at $1,727,000 after purchasing an additional 1,254 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Qualys in the 3rd quarter valued at approximately $219,000. New York State Common Retirement Fund boosted its holdings in Qualys by 17.2% in the 3rd quarter. New York State Common Retirement Fund now owns 39,370 shares of the software maker’s stock valued at $2,039,000 after purchasing an additional 5,770 shares in the last quarter. Rhumbline Advisers boosted its holdings in Qualys by 4.0% in the 3rd quarter. Rhumbline Advisers now owns 61,667 shares of the software maker’s stock valued at $3,194,000 after purchasing an additional 2,394 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in Qualys in the 3rd quarter valued at approximately $101,000. 79.47% of the stock is currently owned by institutional investors.
Shares of NASDAQ:QLYS opened at $74.05 on Friday. The company has a market cap of $2,893.27, a PE ratio of 82.28, a PEG ratio of 5.12 and a beta of 0.84. Qualys has a 12 month low of $34.80 and a 12 month high of $79.40.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The business had revenue of $62.90 million for the quarter, compared to analyst estimates of $61.96 million. During the same quarter in the previous year, the company earned $0.23 EPS. The company’s quarterly revenue was up 20.5% on a year-over-year basis. research analysts expect that Qualys will post 0.86 earnings per share for the current fiscal year.
Qualys declared that its Board of Directors has initiated a stock buyback program on Monday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $62.71, for a total transaction of $125,420.00. Following the completion of the transaction, the vice president now directly owns 66,644 shares in the company, valued at approximately $4,179,245.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristi Marie Rogers sold 10,000 shares of Qualys stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $71.87, for a total value of $718,700.00. Following the transaction, the director now owns 21,155 shares of the company’s stock, valued at $1,520,409.85. The disclosure for this sale can be found here. Insiders have sold a total of 57,801 shares of company stock valued at $3,886,239 over the last 90 days. Insiders own 20.90% of the company’s stock.
A number of equities research analysts have weighed in on QLYS shares. Needham & Company LLC lifted their price objective on Qualys from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Northland Securities set a $70.00 price objective on Qualys and gave the company a “buy” rating in a report on Tuesday, February 13th. BidaskClub lowered Qualys from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered Qualys from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $67.00 price target on shares of Qualys in a research note on Tuesday, February 13th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Qualys currently has an average rating of “Buy” and an average price target of $68.92.
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Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
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