Dimensional Fund Advisors LP reduced its stake in shares of Qualys Inc (NASDAQ:QLYS) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,972 shares of the software maker’s stock after selling 62,510 shares during the period. Dimensional Fund Advisors LP owned 1.52% of Qualys worth $29,784,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. grew its stake in Qualys by 7.3% in the 2nd quarter. BlackRock Inc. now owns 3,610,674 shares of the software maker’s stock worth $147,317,000 after acquiring an additional 245,550 shares during the period. Vanguard Group Inc. grew its stake in Qualys by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,589,636 shares of the software maker’s stock worth $64,857,000 after acquiring an additional 45,421 shares during the period. Renaissance Technologies LLC grew its stake in Qualys by 11.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,023,000 shares of the software maker’s stock worth $41,738,000 after acquiring an additional 105,100 shares during the period. ETF Managers Group LLC purchased a new stake in Qualys in the 2nd quarter worth approximately $41,523,000. Finally, Bamco Inc. NY grew its stake in Qualys by 5.5% in the 2nd quarter. Bamco Inc. NY now owns 761,600 shares of the software maker’s stock worth $31,073,000 after acquiring an additional 40,000 shares during the period. Hedge funds and other institutional investors own 75.34% of the company’s stock.
Shares of Qualys Inc (NASDAQ QLYS) opened at $64.75 on Thursday. Qualys Inc has a 12 month low of $32.40 and a 12 month high of $65.25. The stock has a market cap of $2,460.00, a price-to-earnings ratio of 58.33, a PEG ratio of 5.13 and a beta of 0.88.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $59.49 million during the quarter, compared to analysts’ expectations of $58.59 million. During the same period in the previous year, the company earned $0.22 EPS. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. analysts anticipate that Qualys Inc will post 0.65 EPS for the current year.
In related news, VP Amer Deeba sold 2,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $58.40, for a total transaction of $116,800.00. Following the completion of the sale, the vice president now directly owns 66,644 shares of the company’s stock, valued at approximately $3,892,009.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donald R. Dixon sold 83,743 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $58.15, for a total transaction of $4,869,655.45. Following the sale, the director now directly owns 196,839 shares of the company’s stock, valued at $11,446,187.85. The disclosure for this sale can be found here. Insiders have sold a total of 557,916 shares of company stock valued at $32,644,046 over the last three months. Corporate insiders own 20.90% of the company’s stock.
Several analysts have commented on QLYS shares. Morgan Stanley cut shares of Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 target price for the company. in a research note 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 research note on Wednesday, October 18th. Needham & Company LLC started coverage on shares of Qualys in a research note on Monday, October 23rd. They issued a “buy” rating and a $65.00 target price for the company. KeyCorp reaffirmed a “hold” rating on shares of Qualys in a research note on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $61.00 target price on shares of Qualys in a research note on Wednesday, November 1st. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $54.85.
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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