Qualys Inc (NASDAQ:QLYS) VP Bruce K. Posey sold 2,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $88.61, for a total value of $177,220.00. Following the sale, the vice president now directly owns 61,972 shares of the company’s stock, valued at approximately $5,491,338.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ QLYS traded up $1.10 on Wednesday, hitting $87.23. The company had a trading volume of 169,397 shares, compared to its average volume of 373,689. Qualys Inc has a 12-month low of $65.93 and a 12-month high of $98.30. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 73.30 and a beta of 1.48.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, May 1st. The software maker reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.09). Qualys had a return on equity of 15.51% and a net margin of 21.23%. The company had revenue of $75.34 million during the quarter, compared to analysts’ expectations of $74.92 million. During the same period in the previous year, the company earned $0.36 EPS. Qualys’s quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts expect that Qualys Inc will post 1.34 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Princeton Capital Management LLC lifted its stake in shares of Qualys by 1.6% in the first quarter. Princeton Capital Management LLC now owns 7,470 shares of the software maker’s stock worth $618,000 after acquiring an additional 120 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Qualys by 0.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 20,989 shares of the software maker’s stock worth $1,737,000 after acquiring an additional 126 shares in the last quarter. FTB Advisors Inc. lifted its stake in shares of Qualys by 51.0% in the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock worth $31,000 after acquiring an additional 128 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Qualys by 0.6% in the fourth quarter. Advisors Asset Management Inc. now owns 24,772 shares of the software maker’s stock worth $1,851,000 after acquiring an additional 152 shares in the last quarter. Finally, Cornerstone Advisors Inc. lifted its stake in shares of Qualys by 43.9% in the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock worth $45,000 after acquiring an additional 165 shares in the last quarter. 85.26% of the stock is owned by institutional investors.

A number of research firms have issued reports on QLYS. ValuEngine downgraded Qualys from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Northland Securities reissued a “buy” rating and set a $100.00 price target on shares of Qualys in a research report on Thursday, May 2nd. JMP Securities boosted their price target on Qualys from $85.00 to $100.00 and gave the company a “market outperform” rating in a research report on Thursday, May 2nd. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $100.00 price target for the company in a research report on Thursday, May 9th. Finally, Cowen began coverage on Qualys in a research report on Thursday, May 23rd. They set an “outperform” rating and a $100.00 price target for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $93.53.

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About Qualys

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.

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