Qualys Inc. (QLYS) Stake Increased by First Trust Advisors LP
First Trust Advisors LP raised its stake in Qualys Inc. (NASDAQ:QLYS) by 4.2% during the second quarter, Holdings Channel reports. The fund owned 82,163 shares of the company’s stock after buying an additional 3,340 shares during the period. First Trust Advisors LP owned about 0.24% of Qualys worth $2,449,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Stanley Laman Group Ltd. acquired a new stake in Qualys during the second quarter valued at about $205,000. Capstone Asset Management Co. acquired a new stake in Qualys during the second quarter valued at about $217,000. BNP Paribas Arbitrage SA boosted its stake in Qualys by 121.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,740 shares of the company’s stock valued at $231,000 after buying an additional 4,243 shares during the last quarter. Arizona State Retirement System acquired a new stake in Qualys during the first quarter valued at about $311,000. Finally, Louisiana State Employees Retirement System boosted its stake in Qualys by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the company’s stock valued at $322,000 after buying an additional 100 shares during the last quarter. 70.14% of the stock is currently owned by institutional investors.
Qualys Inc. (NASDAQ:QLYS) traded up 1.93% during trading on Wednesday, hitting $37.01. 236,442 shares of the stock traded hands. Qualys Inc. has a 12 month low of $16.96 and a 12 month high of $39.74. The firm has a 50-day moving average price of $34.00 and a 200 day moving average price of $29.70. The firm has a market cap of $1.31 billion, a PE ratio of 77.10 and a beta of 1.10.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $48.50 million for the quarter, compared to the consensus estimate of $48.01 million. Qualys had a net margin of 9.84% and a return on equity of 8.28%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. On average, equities analysts forecast that Qualys Inc. will post $0.79 EPS for the current fiscal year.
QLYS has been the topic of several recent analyst reports. TheStreet raised Qualys from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, August 9th. Wunderlich upgraded shares of Qualys from a “hold” rating to a “buy” rating and raised their price objective for the stock from $31.00 to $43.00 in a report on Tuesday, September 13th. DA Davidson restated a “hold” rating on shares of Qualys in a report on Sunday. Finally, Summit Research restated a “hold” rating and issued a $30.00 price objective on shares of Qualys in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $33.84.
In related news, Director Howard A. Schmidt sold 15,063 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $31.90, for a total transaction of $480,509.70. Following the transaction, the director now directly owns 13,084 shares in the company, valued at approximately $417,379.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Philippe F. Courtot sold 30,000 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $30.49, for a total transaction of $914,700.00. Following the transaction, the chairman now owns 5,472,842 shares in the company, valued at $166,866,952.58. The disclosure for this sale can be found here. Corporate 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 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.
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