Advisors Asset Management Inc. purchased a new position in shares of Qualys, Inc. (NASDAQ:QLYS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,954 shares of the software maker’s stock, valued at approximately $101,000.

Other hedge funds also recently added to or reduced their stakes in the company. Pier 88 Investment Partners LLC raised its position in shares of Qualys by 62.8% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 10,633 shares of the software maker’s stock worth $551,000 after buying an additional 4,100 shares in the last quarter. State Street Corp raised its position in shares of Qualys by 12.9% during the 2nd quarter. State Street Corp now owns 721,149 shares of the software maker’s stock worth $29,421,000 after buying an additional 82,251 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Qualys by 2.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,264,080 shares of the software maker’s stock worth $92,374,000 after buying an additional 57,088 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Qualys by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 175,591 shares of the software maker’s stock worth $7,164,000 after buying an additional 4,622 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Qualys by 24.8% during the 2nd quarter. Alliancebernstein L.P. now owns 50,768 shares of the software maker’s stock worth $2,071,000 after buying an additional 10,083 shares in the last quarter. Institutional investors own 75.37% of the company’s stock.

In other news, insider Sumedh S. Thakar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $53.00, for a total transaction of $106,000.00. Following the sale, the insider now owns 124,051 shares in the company, valued at $6,574,703. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sumedh S. Thakar sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $50.22, for a total transaction of $602,640.00. Following the sale, the insider now owns 132,051 shares in the company, valued at approximately $6,631,601.22. The disclosure for this sale can be found here. Insiders have sold 567,916 shares of company stock worth $33,091,246 in the last 90 days. 20.90% of the stock is owned by company insiders.

Shares of Qualys, Inc. (QLYS) opened at $58.45 on Friday. Qualys, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $62.35. The company has a market cap of $2,214.50, a P/E ratio of 53.09, a P/E/G ratio of 5.26 and a beta of 0.87.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The business had revenue of $59.49 million for the quarter, compared to analyst estimates of $58.59 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. sell-side analysts expect that Qualys, Inc. will post 0.65 EPS for the current year.

QLYS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Saturday, November 4th. Morgan Stanley downgraded shares of Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 target price on the stock. in a report on Tuesday, October 10th. Northland Securities set a $48.00 target price on shares of Qualys and gave the stock a “buy” rating in a report on Wednesday, October 18th. Wells Fargo & Company set a $52.00 target price on shares of Qualys and gave the stock a “hold” rating in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co boosted their target price on shares of Qualys from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.36.

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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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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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