Torray LLC trimmed its position in shares of Qualys Inc (NASDAQ:QLYS) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,489 shares of the software maker’s stock after selling 882 shares during the quarter. Torray LLC’s holdings in Qualys were worth $1,647,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Qualys during the third quarter valued at about $146,000. Envestnet Asset Management Inc. lifted its position in shares of Qualys by 119.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,889 shares of the software maker’s stock valued at $159,000 after buying an additional 1,030 shares during the last quarter. NewSquare Capital LLC purchased a new stake in shares of Qualys during the second quarter valued at about $217,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Qualys during the third quarter valued at about $212,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Qualys during the third quarter valued at about $222,000. 82.28% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Philippe F. Courtot sold 20,000 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $88.07, for a total value of $1,761,400.00. Following the transaction, the chief executive officer now owns 5,458,092 shares in the company, valued at approximately $480,694,162.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey P. Hank sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $88.56, for a total transaction of $221,400.00. Following the completion of the transaction, the director now owns 9,693 shares in the company, valued at approximately $858,412.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 233,141 shares of company stock worth $20,295,672. 18.60% of the stock is owned by corporate insiders.
QLYS opened at $73.66 on Monday. Qualys Inc has a 52-week low of $55.05 and a 52-week high of $98.30. The stock has a market cap of $2.92 billion, a PE ratio of 81.84 and a beta of 1.42.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.11. Qualys had a net margin of 17.10% and a return on equity of 14.18%. The company had revenue of $71.70 million for the quarter, compared to the consensus estimate of $71.22 million. During the same quarter in the prior year, the company earned $0.31 EPS. Qualys’s quarterly revenue was up 20.5% on a year-over-year basis. Sell-side analysts forecast that Qualys Inc will post 0.85 EPS for the current year.
Several research firms have recently issued reports on QLYS. Morgan Stanley cut their price objective on shares of Qualys from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of Qualys to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. Robert W. Baird restated a “hold” rating and set a $80.00 price objective on shares of Qualys in a report on Wednesday, October 31st. Monness Crespi & Hardt cut their price objective on shares of Qualys from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, Wedbush began coverage on shares of Qualys in a report on Thursday, October 18th. They set an “outperform” rating and a $95.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Qualys currently has a consensus rating of “Buy” and a consensus target price of $87.79.
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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