Qualys Inc (QLYS) Position Trimmed by United Services Automobile Association

United Services Automobile Association decreased its position in shares of Qualys Inc (NASDAQ:QLYS) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,119 shares of the software maker’s stock after selling 3,415 shares during the quarter. United Services Automobile Association owned about 0.16% of Qualys worth $5,321,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in Qualys by 5.1% in the second quarter. Northern Trust Corp now owns 451,801 shares of the software maker’s stock valued at $38,086,000 after buying an additional 22,051 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Qualys by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 400,980 shares of the software maker’s stock valued at $33,803,000 after buying an additional 17,857 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Qualys by 342.3% in the second quarter. Advisors Asset Management Inc. now owns 20,488 shares of the software maker’s stock valued at $1,727,000 after buying an additional 15,856 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in Qualys by 651.4% in the second quarter. Mount Yale Investment Advisors LLC now owns 5,553 shares of the software maker’s stock valued at $468,000 after buying an additional 4,814 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Qualys by 444.3% in the second quarter. WINTON GROUP Ltd now owns 57,800 shares of the software maker’s stock valued at $4,873,000 after buying an additional 47,181 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ QLYS opened at $73.56 on Friday. Qualys Inc has a 12-month low of $50.35 and a 12-month high of $98.30. The company has a market capitalization of $3.47 billion, a PE ratio of 81.73 and a beta of 1.13.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. Qualys had a net margin of 12.04% and a return on equity of 12.70%. The company had revenue of $68.15 million for the quarter, compared to the consensus estimate of $67.13 million. Sell-side analysts predict that Qualys Inc will post 0.85 EPS for the current fiscal year.

In other news, Chairman Philippe F. Courtot sold 60,000 shares of Qualys stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $87.92, for a total value of $5,275,200.00. Following the sale, the chairman now directly owns 5,458,092 shares in the company, valued at $479,875,448.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 12,064 shares of Qualys stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $88.87, for a total transaction of $1,072,127.68. Following the completion of the sale, the insider now owns 174,916 shares in the company, valued at $15,544,784.92. The disclosure for this sale can be found here. Insiders sold 294,641 shares of company stock worth $25,564,932 over the last quarter. 18.60% of the stock is owned by corporate insiders.

QLYS has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of Qualys from $75.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, June 15th. Zacks Investment Research raised shares of Qualys from a “strong sell” rating to a “strong-buy” rating and set a $99.00 price target on the stock in a research note on Wednesday, July 4th. BidaskClub raised shares of Qualys from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 20th. JPMorgan Chase & Co. lifted their price target on shares of Qualys to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 1st. Finally, Royal Bank of Canada lifted their price target on shares of Qualys to $90.00 and gave the company a “positive” rating in a research note on Wednesday, August 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Qualys presently has an average rating of “Buy” and an average target price of $85.07.

Qualys Company Profile

Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.

Further Reading: 52-Week High/Low

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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