State of Tennessee Treasury Department grew its holdings in shares of Qualys Inc (NASDAQ:QLYS) by 22.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,347 shares of the software maker’s stock after buying an additional 5,314 shares during the quarter. State of Tennessee Treasury Department’s holdings in Qualys were worth $2,218,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC grew its holdings in Qualys by 75.8% during the 2nd quarter. William Blair Investment Management LLC now owns 1,265,817 shares of the software maker’s stock valued at $110,227,000 after purchasing an additional 545,806 shares during the last quarter. Rothschild & Co. Asset Management US Inc. bought a new position in Qualys during the 2nd quarter valued at about $24,550,000. Nuveen Asset Management LLC bought a new position in Qualys during the 2nd quarter valued at about $16,375,000. Morgan Stanley grew its holdings in Qualys by 337.5% during the 2nd quarter. Morgan Stanley now owns 175,292 shares of the software maker’s stock valued at $15,264,000 after purchasing an additional 135,221 shares during the last quarter. Finally, AMI Asset Management Corp bought a new position in Qualys during the 2nd quarter valued at about $11,181,000. Hedge funds and other institutional investors own 84.52% of the company’s stock.
Several equities analysts recently commented on QLYS shares. Needham & Company LLC reiterated a “buy” rating and set a $105.00 price target on shares of Qualys in a report on Thursday, October 31st. Stifel Nicolaus dropped their target price on shares of Qualys from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. FBN Securities began coverage on shares of Qualys in a research note on Monday, July 15th. They issued an “outperform” rating and a $100.00 target price on the stock. SunTrust Banks began coverage on shares of Qualys in a research note on Wednesday, October 2nd. They issued a “hold” rating and a $85.00 target price on the stock. Finally, Robert W. Baird set a $100.00 target price on shares of Qualys and gave the stock a “hold” rating in a research note on Sunday, September 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Qualys has an average rating of “Hold” and an average price target of $94.56.
Shares of QLYS stock opened at $83.74 on Friday. The company’s 50-day simple moving average is $78.83 and its two-hundred day simple moving average is $84.11. The company has a market capitalization of $3.27 billion, a P/E ratio of 70.37 and a beta of 1.38. Qualys Inc has a one year low of $65.93 and a one year high of $97.12.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.13. The business had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.37 million. Qualys had a net margin of 20.27% and a return on equity of 18.15%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. As a group, analysts expect that Qualys Inc will post 1.58 earnings per share for the current fiscal year.
Qualys Company Profile
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 debt-to-equity ratio in fundamental analysis
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