Vanguard Group Inc. boosted its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,589,636 shares of the software maker’s stock after acquiring an additional 45,421 shares during the period. Vanguard Group Inc. owned approximately 4.26% of Qualys worth $64,857,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of QLYS. Karp Capital Management Corp bought a new position in Qualys during the first quarter worth about $281,000. Parametric Portfolio Associates LLC lifted its holdings in Qualys by 36.3% during the first quarter. Parametric Portfolio Associates LLC now owns 11,083 shares of the software maker’s stock worth $420,000 after acquiring an additional 2,949 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Qualys by 131.6% during the first quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock worth $146,000 after acquiring an additional 2,186 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Qualys by 2.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock worth $251,000 after acquiring an additional 170 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Qualys by 5.6% during the first quarter. Principal Financial Group Inc. now owns 223,848 shares of the software maker’s stock worth $8,484,000 after acquiring an additional 11,831 shares in the last quarter. Hedge funds and other institutional investors own 73.47% of the company’s stock.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. The company 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 15.40%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS.
In other news, Director Todd P. Headley sold 4,714 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $45.25, for a total transaction of $213,308.50. Following the transaction, the director now owns 14,410 shares of the company’s stock, valued at approximately $652,052.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bruce K. Posey sold 11,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $46.32, for a total transaction of $509,520.00. Following the transaction, the vice president now directly owns 34,495 shares in the company, valued at approximately $1,597,808.40. The disclosure for this sale can be found here. Insiders have sold a total of 67,908 shares of company stock worth $3,231,668 in the last three months. Insiders own 30.20% of the company’s stock.
Several research firms have weighed in on QLYS. J P Morgan Chase & Co lifted their target price on Qualys from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday. Summit Redstone upgraded Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday. Wells Fargo & Company set a $52.00 target price on Qualys and gave the stock a “hold” rating in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price (up from $65.00) on shares of Qualys in a report on Wednesday. Finally, Robert W. Baird reiterated a “hold” rating and set a $61.00 target price on shares of Qualys in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. Qualys currently has a consensus rating of “Hold” and an average price target of $51.57.
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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