Qualys, Inc. (QLYS) Position Cut by LS Investment Advisors LLC
LS Investment Advisors LLC reduced its stake in Qualys, Inc. (NASDAQ:QLYS) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 3,375 shares of the software maker’s stock after selling 28 shares during the period. LS Investment Advisors LLC’s holdings in Qualys were worth $138,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in QLYS. First Trust Advisors LP raised its position in shares of Qualys by 21.2% in the first quarter. First Trust Advisors LP now owns 181,344 shares of the software maker’s stock valued at $6,873,000 after buying an additional 31,679 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Qualys by 5.5% in the first quarter. Great West Life Assurance Co. Can now owns 39,273 shares of the software maker’s stock valued at $1,488,000 after buying an additional 2,040 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Qualys by 5.0% in the first quarter. Wells Fargo & Company MN now owns 170,969 shares of the software maker’s stock valued at $6,480,000 after buying an additional 8,158 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Qualys by 22.5% in the first quarter. Russell Investments Group Ltd. now owns 182,752 shares of the software maker’s stock valued at $6,926,000 after buying an additional 33,570 shares in the last quarter. Finally, Kalmar Investments Inc. DE purchased a new position in shares of Qualys during the first quarter valued at about $2,469,000. 75.29% of the stock is owned by hedge funds and other institutional investors.
Qualys, Inc. (NASDAQ:QLYS) traded up 1.83% during mid-day trading on Friday, hitting $44.40. The company had a trading volume of 76,790 shares. The firm has a market capitalization of $1.67 billion, a PE ratio of 43.44 and a beta of 0.93. Qualys, Inc. has a 1-year low of $30.08 and a 1-year high of $47.50. The company has a 50 day moving average of $42.12 and a 200 day moving average of $39.00.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The company had revenue of $55.30 million during the quarter, compared to the consensus estimate of $54.87 million. Qualys had a net margin of 18.92% and a return on equity of 14.69%. Qualys’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Analysts predict that Qualys, Inc. will post $0.91 earnings per share for the current fiscal year.
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Several brokerages have recently issued reports on QLYS. Imperial Capital reissued an “outperform” rating and issued a $50.00 target price (up previously from $46.00) on shares of Qualys in a research report on Wednesday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $45.00 target price (up previously from $39.00) on shares of Qualys in a research report on Tuesday, May 23rd. Zacks Investment Research lowered Qualys from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Susquehanna Bancshares Inc began coverage on Qualys in a research report on Wednesday, June 7th. They issued a “neutral” rating and a $45.00 target price for the company. Finally, Morgan Stanley reissued an “overweight” rating and issued a $50.00 target price (up previously from $45.00) on shares of Qualys in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Qualys currently has an average rating of “Hold” and a consensus price target of $45.25.
In related news, Director Jeffrey P. Hank sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $46.10, for a total value of $115,250.00. Following the completion of the transaction, the director now owns 8,655 shares of the company’s stock, valued at $398,995.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bruce K. Posey sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $46.32, for a total transaction of $509,520.00. Following the completion of the transaction, the vice president now directly owns 34,495 shares of the company’s stock, valued at approximately $1,597,808.40. The disclosure for this sale can be found here. Insiders sold 42,794 shares of company stock valued at $1,923,997 in the last three months. 30.20% of the stock is currently owned by insiders.
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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