Commonwealth Equity Services Inc cut its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 39.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,398 shares of the software maker’s stock after selling 2,894 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Qualys were worth $227,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Pinebridge Investments L.P. lifted its stake in Qualys by 2.9% during the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after buying an additional 110 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Qualys by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the software maker’s stock worth $498,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Qualys by 2.0% in the second quarter. Arizona State Retirement System now owns 15,600 shares of the software maker’s stock worth $636,000 after purchasing an additional 300 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Qualys by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after purchasing an additional 408 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Qualys by 7.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,090 shares of the software maker’s stock worth $289,000 after purchasing an additional 480 shares in the last quarter. 75.37% of the stock is owned by institutional investors.

In other Qualys news, CEO Philippe F. Courtot sold 20,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $61.54, for a total transaction of $1,230,800.00. Following the transaction, the chief executive officer now owns 5,564,435 shares in the company, valued at $342,435,329.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Amer Deeba sold 10,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $50.00, for a total value of $500,000.00. Following the transaction, the vice president now owns 67,221 shares in the company, valued at approximately $3,361,050. The disclosure for this sale can be found here. Insiders sold 575,916 shares of company stock worth $33,474,446 in the last 90 days. 20.90% of the stock is currently owned by corporate insiders.

Qualys, Inc. (NASDAQ QLYS) opened at $56.45 on Tuesday. Qualys, Inc. has a twelve month low of $30.60 and a twelve month high of $62.35. The company has a market capitalization of $2,227.77, a P/E ratio of 53.41, a P/E/G ratio of 5.29 and a beta of 0.87.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The firm had revenue of $59.49 million for the quarter, compared to the consensus estimate of $58.59 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. equities research analysts forecast that Qualys, Inc. will post 0.65 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Saturday, November 4th. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price target on shares of Qualys in a research report on Friday, November 3rd. J P Morgan Chase & Co increased their price target on shares of Qualys from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Summit Redstone raised shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, November 1st. Finally, Wells Fargo & Company set a $52.00 price target on shares of Qualys and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.36.

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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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