Vanguard Group Inc. Buys 115,150 Shares of Qualys, Inc. (QLYS)

Vanguard Group Inc. increased its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,544,215 shares of the software maker’s stock after buying an additional 115,150 shares during the period. Vanguard Group Inc. owned 4.25% of Qualys worth $58,527,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Flinton Capital Management LLC increased its stake in Qualys by 1.6% in the first quarter. Flinton Capital Management LLC now owns 8,160 shares of the software maker’s stock worth $309,000 after buying an additional 128 shares during the period. State of Alaska Department of Revenue increased its stake in Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock worth $123,000 after buying an additional 150 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Qualys by 2.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock worth $251,000 after buying an additional 170 shares during the period. Meadow Creek Investment Management LLC increased its stake in Qualys by 1.6% in the first quarter. Meadow Creek Investment Management LLC now owns 11,220 shares of the software maker’s stock worth $425,000 after buying an additional 176 shares during the period. Finally, Nelson Roberts Investment Advisors LLC increased its stake in Qualys by 2.0% in the first quarter. Nelson Roberts Investment Advisors LLC now owns 10,146 shares of the software maker’s stock worth $385,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 70.63% of the company’s stock.

Qualys, Inc. (NASDAQ:QLYS) opened at 44.95 on Friday. The stock has a 50 day moving average price of $42.77 and a 200-day moving average price of $39.41. The firm has a market capitalization of $1.69 billion, a PE ratio of 43.98 and a beta of 0.93. Qualys, Inc. has a 12-month low of $30.61 and a 12-month high of $47.50.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The company had revenue of $55.30 million during the quarter, compared to analyst estimates of $54.87 million. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, equities research analysts forecast that Qualys, Inc. will post $0.90 EPS for the current year.

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A number of analysts recently weighed in on the company. BidaskClub downgraded Qualys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Imperial Capital lifted their price objective on Qualys from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Thursday, July 20th. Monness Crespi & Hardt assumed coverage on Qualys in a report on Monday, July 10th. They set a “neutral” rating for the company. Finally, Susquehanna Bancshares Inc assumed coverage on Qualys in a report on Wednesday, June 7th. They set a “neutral” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $45.25.

In related news, insider Sumedh S. Thakar sold 1,800 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $42.04, for a total transaction of $75,672.00. Following the completion of the sale, the insider now directly owns 138,631 shares in the company, valued at $5,828,047.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Todd P. Headley sold 4,714 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $45.25, for a total value of $213,308.50. Following the sale, the director now owns 14,410 shares of the company’s stock, valued at $652,052.50. The disclosure for this sale can be found here. Insiders sold 47,508 shares of company stock valued at $2,137,306 in the last 90 days. Corporate insiders own 30.20% of the company’s stock.

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.

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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