The Manufacturers Life Insurance Company increased its position in Qualys, Inc. (NASDAQ:QLYS) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,109 shares of the software maker’s stock after buying an additional 2,878 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Qualys worth $983,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Qualys in the second quarter worth about $103,000. Pinebridge Investments L.P. lifted its position in shares of Qualys by 2.9% in the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock worth $161,000 after buying an additional 110 shares in the last quarter. US Bancorp DE lifted its position in shares of Qualys by 18.6% in the second quarter. US Bancorp DE now owns 4,440 shares of the software maker’s stock worth $181,000 after buying an additional 697 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Qualys by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,526 shares of the software maker’s stock worth $185,000 after buying an additional 679 shares in the last quarter. Finally, Sawgrass Asset Management LLC purchased a new stake in shares of Qualys in the second quarter worth about $215,000. Institutional investors own 72.80% of the company’s stock.
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Qualys, Inc. (NASDAQ:QLYS) opened at $58.05 on Tuesday. The company has a market capitalization of $2,157.62, a P/E ratio of 51.73, a PEG ratio of 5.12 and a beta of 0.84. Qualys, Inc. has a 52 week low of $30.60 and a 52 week high of $58.25.
Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The firm had revenue of $59.49 million for the quarter, compared to analysts’ expectations of $58.59 million. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. equities analysts predict that Qualys, Inc. will post 0.65 earnings per share for the current fiscal year.
QLYS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, July 20th. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 target price (up from $45.00) on shares of Qualys in a research report on Thursday, July 20th. Northland Securities set a $48.00 target price on Qualys and gave the stock a “buy” rating in a research report on Saturday, July 22nd. BidaskClub downgraded Qualys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Robert W. Baird set a $42.00 target price on Qualys and gave the stock a “hold” rating in a research report on Sunday, July 30th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.36.
In other news, Chairman Philippe F. Courtot sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $57.34, for a total transaction of $2,293,600.00. Following the transaction, the chairman now owns 5,564,435 shares of the company’s stock, valued at $319,064,702.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Philippe F. Courtot sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $56.74, for a total value of $1,134,800.00. Following the transaction, the chief executive officer now directly owns 5,564,435 shares in the company, valued at approximately $315,726,041.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 182,694 shares of company stock worth $10,157,833. Insiders own 30.20% of the company’s stock.
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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