Ameriprise Financial Inc. increased its position in shares of Qualys Inc. (NASDAQ:QLYS) by 31.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,397 shares of the company’s stock after buying an additional 44,071 shares during the period. Ameriprise Financial Inc. owned 0.53% of Qualys worth $5,556,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its stake in shares of Qualys by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the company’s stock worth $322,000 after buying an additional 100 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Qualys by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 598,974 shares of the company’s stock worth $15,160,000 after buying an additional 1,605 shares during the period. Bank of New York Mellon Corp increased its stake in Qualys by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 294,407 shares of the company’s stock worth $8,777,000 after buying an additional 2,484 shares during the period. First Trust Advisors LP increased its stake in Qualys by 4.2% in the second quarter. First Trust Advisors LP now owns 82,163 shares of the company’s stock worth $2,449,000 after buying an additional 3,340 shares during the period. Finally, Congress Asset Management Co. MA increased its stake in Qualys by 3.6% in the second quarter. Congress Asset Management Co. MA now owns 101,087 shares of the company’s stock worth $3,013,000 after buying an additional 3,496 shares during the period. Institutional investors and hedge funds own 70.28% of the company’s stock.
Shares of Qualys Inc. (NASDAQ:QLYS) traded down 0.92% during midday trading on Thursday, reaching $37.70. The company had a trading volume of 16,705 shares. Qualys Inc. has a one year low of $16.96 and a one year high of $39.74. The firm has a market capitalization of $1.33 billion, a P/E ratio of 78.54 and a beta of 1.08. The company has a 50 day moving average price of $36.66 and a 200-day moving average price of $31.06.
Qualys (NASDAQ:QLYS) last posted its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. The company earned $48.50 million during the quarter, compared to analyst estimates of $48.01 million. Qualys had a net margin of 9.84% and a return on equity of 8.28%. Qualys’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. On average, analysts anticipate that Qualys Inc. will post $0.79 EPS for the current fiscal year.
A number of research analysts recently weighed in on the company. DA Davidson reissued a “hold” rating on shares of Qualys in a research note on Sunday, September 18th. Summit Research reissued a “hold” rating and set a $30.00 price objective on shares of Qualys in a report on Friday, July 22nd. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, June 30th. First Analysis lifted their price objective on Qualys from $36.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, September 12th. Finally, TheStreet raised Qualys from a “hold” rating to a “buy” rating in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.00.
In other Qualys news, insider Sumedh S. Thakar sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $38.76, for a total transaction of $62,016.00. Following the completion of the transaction, the insider now owns 57,335 shares of the company’s stock, valued at $2,222,304.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.86, for a total transaction of $75,720.00. Following the transaction, the vice president now directly owns 60,293 shares of the company’s stock, valued at approximately $2,282,692.98. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by corporate insiders.
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 QualysGuard 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.