JPMorgan Chase & Co. increased its position in Qualys Inc. (NASDAQ:QLYS) by 370.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,694 shares of the company’s stock after buying an additional 94,260 shares during the period. JPMorgan Chase & Co. owned 0.34% of Qualys worth $3,568,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System increased 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 period. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 shares of 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 shares of 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 shares of 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. 70.25% of the stock is owned by institutional investors and hedge funds.
Shares of Qualys Inc. (NASDAQ:QLYS) traded up 0.66% during trading on Tuesday, hitting $38.40. The stock had a trading volume of 16,086 shares. Qualys Inc. has a 12-month low of $16.96 and a 12-month high of $39.74. The stock has a 50-day moving average of $36.90 and a 200 day moving average of $31.38. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 80.00 and a beta of 1.07.
Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Qualys had a return on equity of 8.28% and a net margin of 9.84%. The company had revenue of $48.50 million for the quarter, compared to the consensus estimate of $48.01 million. During the same quarter last year, the business posted $0.16 EPS. Qualys’s quarterly revenue was up 21.3% compared to the same quarter last year. On average, analysts predict that Qualys Inc. will post $0.79 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on QLYS. DA Davidson raised Qualys from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $47.00 in a research report on Monday. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, August 9th. Imperial Capital reissued an “outperform” rating and set a $30.00 price objective on shares of Qualys in a research report on Monday, July 25th. Summit Redstone reissued a “hold” rating and set a $30.00 price objective on shares of Qualys in a research report on Friday, July 22nd. Finally, Wunderlich raised their price objective on Qualys from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.43.
In other news, VP Amer Deeba sold 2,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $37.86, for a total transaction of $75,720.00. Following the sale, the vice president now directly owns 60,293 shares in the company, valued at approximately $2,282,692.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sumedh S. Thakar sold 1,600 shares of the stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $38.76, for a total value of $62,016.00. Following the sale, the insider now owns 57,335 shares in the company, valued at $2,222,304.60. The disclosure for this sale can be found here. Company 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 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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