Strs Ohio reduced its stake in shares of Qualys Inc (NASDAQ:QLYS) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the software maker’s stock after selling 700 shares during the quarter. Strs Ohio’s holdings in Qualys were worth $1,425,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its stake in Qualys by 11.3% in the second quarter. BlackRock Inc. now owns 4,625,019 shares of the software maker’s stock valued at $389,891,000 after buying an additional 468,437 shares during the last quarter. Congress Asset Management Co. MA purchased a new position in shares of Qualys in the second quarter worth about $70,892,000. Northern Trust Corp raised its stake in shares of Qualys by 5.1% in the second quarter. Northern Trust Corp now owns 451,801 shares of the software maker’s stock worth $38,086,000 after purchasing an additional 22,051 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Qualys by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 400,980 shares of the software maker’s stock worth $33,803,000 after purchasing an additional 17,857 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Qualys by 13.2% in the second quarter. Legal & General Group Plc now owns 372,008 shares of the software maker’s stock worth $31,376,000 after purchasing an additional 43,449 shares during the last quarter. Hedge funds and other institutional investors own 82.13% of the company’s stock.
Qualys stock opened at $74.55 on Friday. The stock has a market cap of $2.97 billion, a P/E ratio of 82.83 and a beta of 1.13. Qualys Inc has a 52 week low of $54.20 and a 52 week high of $98.30.
Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, October 30th. The software maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.38 by $0.11. The firm had revenue of $71.70 million for the quarter, compared to analyst estimates of $71.22 million. Qualys had a return on equity of 14.33% and a net margin of 17.10%. Qualys’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Analysts predict that Qualys Inc will post 0.85 EPS for the current year.
In other Qualys news, VP Bruce K. Posey sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 8th. The stock was sold at an average price of $78.34, for a total value of $156,680.00. Following the sale, the vice president now directly owns 37,548 shares of the company’s stock, valued at $2,941,510.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sumedh S. Thakar sold 3,825 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $75.73, for a total value of $289,667.25. Following the completion of the sale, the insider now directly owns 162,227 shares in the company, valued at $12,285,450.71. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,641 shares of company stock worth $23,858,332. 18.60% of the stock is owned by corporate insiders.
Several brokerages have recently issued reports on QLYS. Wedbush began coverage on Qualys in a research note on Thursday, October 18th. They issued an “outperform” rating and a $95.00 price objective for the company. Robert W. Baird restated a “hold” rating and issued a $80.00 price objective on shares of Qualys in a research note on Wednesday. Morgan Stanley set a $81.00 price objective on Qualys and gave the stock a “hold” rating in a research note on Friday, October 19th. BidaskClub cut Qualys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Finally, Monness Crespi & Hardt reduced their price objective on Qualys from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $87.79.
Qualys Company Profile
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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