Comerica Bank lessened its holdings in Qualys Inc (NASDAQ:QLYS) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,876 shares of the software maker’s stock after selling 2,121 shares during the period. Comerica Bank owned about 0.08% of Qualys worth $2,554,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Qualys by 4.3% during the first quarter. Principal Financial Group Inc. now owns 267,507 shares of the software maker’s stock worth $19,461,000 after purchasing an additional 10,924 shares during the period. Allianz Asset Management GmbH raised its position in shares of Qualys by 16.1% during the first quarter. Allianz Asset Management GmbH now owns 8,878 shares of the software maker’s stock worth $646,000 after purchasing an additional 1,231 shares during the period. Atria Investments LLC acquired a new stake in shares of Qualys during the second quarter worth $217,000. Amalgamated Bank raised its position in shares of Qualys by 18.7% during the second quarter. Amalgamated Bank now owns 5,487 shares of the software maker’s stock worth $463,000 after purchasing an additional 864 shares during the period. Finally, Hartford Investment Management Co. acquired a new stake in shares of Qualys during the second quarter worth $250,000. Institutional investors own 81.17% of the company’s stock.
QLYS has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating on shares of Qualys in a research report on Thursday, October 18th. JPMorgan Chase & Co. boosted their target price on Qualys to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 1st. Monness Crespi & Hardt dropped their price target on Qualys from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. BidaskClub raised Qualys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Morgan Stanley upped their price target on Qualys from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 1st. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $87.60.
NASDAQ:QLYS opened at $72.51 on Monday. Qualys Inc has a 1-year low of $55.05 and a 1-year high of $98.30. The firm has a market cap of $2.86 billion, a P/E ratio of 80.57 and a beta of 1.42.
Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, October 30th. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. Qualys had a return on equity of 14.18% and a net margin of 17.10%. The firm had revenue of $71.70 million for the quarter, compared to the consensus estimate of $71.22 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Equities analysts predict that Qualys Inc will post 1.07 EPS for the current fiscal year.
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Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
Further Reading: Understanding Price to Earnings Ratio (PE)
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