Prudential Financial Inc. cut its stake in Qualys Inc (NASDAQ:QLYS) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,314 shares of the software maker’s stock after selling 364 shares during the quarter. Prudential Financial Inc.’s holdings in Qualys were worth $4,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System increased its position in shares of Qualys by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 25,985 shares of the software maker’s stock worth $2,150,000 after purchasing an additional 243 shares during the last quarter. EULAV Asset Management raised its position in shares of Qualys by 21.1% during the 2nd quarter. EULAV Asset Management now owns 29,900 shares of the software maker’s stock worth $2,604,000 after acquiring an additional 5,200 shares in the last quarter. Cornerstone Advisors Inc. raised its position in shares of Qualys by 43.9% during the 1st 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. American Capital Management Inc. raised its position in shares of Qualys by 13.2% during the 1st quarter. American Capital Management Inc. now owns 523,292 shares of the software maker’s stock worth $43,297,000 after acquiring an additional 60,855 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Qualys by 4.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 53,138 shares of the software maker’s stock worth $4,627,000 after acquiring an additional 2,450 shares in the last quarter. 84.69% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the company. Cowen assumed coverage on Qualys in a research report on Thursday, May 23rd. They set an “outperform” rating and a $100.00 target price on the stock. ValuEngine lowered Qualys from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. BidaskClub lowered Qualys from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Nomura began coverage on Qualys in a research report on Friday, June 28th. They set a “buy” rating and a $108.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on Qualys from $100.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Qualys presently has an average rating of “Hold” and an average price target of $93.47.

Shares of NASDAQ:QLYS traded up $0.39 during trading on Friday, reaching $80.95. The company had a trading volume of 1,934 shares, compared to its average volume of 290,717. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 67.87 and a beta of 1.38. The stock’s fifty day moving average price is $83.25 and its 200 day moving average price is $85.32. Qualys Inc has a fifty-two week low of $65.93 and a fifty-two week high of $97.12.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The business had revenue of $78.93 million for the quarter, compared to analyst estimates of $78.54 million. Qualys had a return on equity of 16.53% and a net margin of 22.45%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, equities research analysts expect that Qualys Inc will post 1.42 EPS for the current fiscal year.

In other news, insider Sumedh S. Thakar sold 6,980 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $82.99, for a total value of $579,270.20. Following the transaction, the insider now owns 173,583 shares of the company’s stock, valued at $14,405,653.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sumedh S. Thakar sold 4,083 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $87.33, for a total value of $356,568.39. Following the completion of the transaction, the insider now directly owns 185,168 shares in the company, valued at approximately $16,170,721.44. The disclosure for this sale can be found here. In the last three months, insiders sold 21,152 shares of company stock worth $1,773,751. Corporate insiders own 17.30% of the company’s stock.

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.

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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