JPMorgan Chase & Co. increased its stake in Qualys Inc (NASDAQ:QLYS) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,014 shares of the software maker’s stock after purchasing an additional 21,492 shares during the period. JPMorgan Chase & Co. owned 0.60% of Qualys worth $16,879,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of QLYS. Carillon Tower Advisers Inc. bought a new stake in shares of Qualys during the 4th quarter valued at $586,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Qualys by 6.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 149,393 shares of the software maker’s stock worth $8,867,000 after buying an additional 9,191 shares during the last quarter. Stanley Laman Group Ltd. boosted its stake in shares of Qualys by 0.6% during the 4th quarter. Stanley Laman Group Ltd. now owns 148,549 shares of the software maker’s stock worth $8,816,000 after buying an additional 866 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Qualys by 3.7% during the 4th quarter. BlackRock Inc. now owns 3,985,117 shares of the software maker’s stock worth $236,517,000 after buying an additional 141,775 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Qualys by 262.1% during the 4th quarter. Teachers Advisors LLC now owns 305,878 shares of the software maker’s stock worth $18,154,000 after buying an additional 221,398 shares during the last quarter. Hedge funds and other institutional investors own 78.03% of the company’s stock.
NASDAQ QLYS traded down $2.10 during mid-day trading on Monday, reaching $86.70. 15,213 shares of the stock were exchanged, compared to its average volume of 408,591. Qualys Inc has a one year low of $39.45 and a one year high of $97.75. The company has a market capitalization of $3.46 billion, a PE ratio of 98.67, a P/E/G ratio of 12.57 and a beta of 0.79.
A number of research firms have recently commented on QLYS. Robert W. Baird restated a “hold” rating on shares of Qualys in a research note on Wednesday, May 2nd. BidaskClub cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 26th. First Analysis raised shares of Qualys from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $82.00 to $110.00 in a report on Thursday, June 14th. Needham & Company LLC reissued a “buy” rating and issued a $85.00 price target (up from $80.00) on shares of Qualys in a report on Tuesday, March 6th. Finally, Stifel Nicolaus increased their price target on shares of Qualys from $67.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $79.69.
In related news, Director Todd P. Headley sold 4,982 shares of the business’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $80.75, for a total transaction of $402,296.50. Following the transaction, the director now directly owns 4,714 shares in the company, valued at $380,655.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Pace sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $75.68, for a total transaction of $2,270,400.00. The disclosure for this sale can be found here. Insiders have sold 44,982 shares of company stock valued at $3,443,517 over the last quarter. Corporate insiders own 18.60% of the company’s stock.
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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