Envestnet Asset Management Inc. increased its stake in Qualys Inc (NASDAQ:QLYS) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,973 shares of the software maker’s stock after buying an additional 127 shares during the period. Envestnet Asset Management Inc.’s holdings in Qualys were worth $316,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of QLYS. BlackRock Fund Advisors increased its stake in Qualys by 20.1% in the third quarter. BlackRock Fund Advisors now owns 1,940,352 shares of the software maker’s stock worth $74,102,000 after buying an additional 324,201 shares during the last quarter. Summit Creek Advisors LLC bought a new stake in Qualys during the third quarter worth $9,188,000. Ameriprise Financial Inc. increased its stake in Qualys by 53.8% in the third quarter. Ameriprise Financial Inc. now owns 286,734 shares of the software maker’s stock worth $10,950,000 after buying an additional 100,337 shares during the last quarter. Wells Fargo & Company MN increased its stake in Qualys by 18.0% in the third quarter. Wells Fargo & Company MN now owns 158,060 shares of the software maker’s stock worth $6,036,000 after buying an additional 24,105 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in Qualys by 0.4% in the third quarter. Stephens Investment Management Group LLC now owns 727,660 shares of the software maker’s stock worth $27,789,000 after buying an additional 2,630 shares during the last quarter. Institutional investors and hedge funds own 74.32% of the company’s stock.
Qualys Inc (NASDAQ:QLYS) traded up 1.67% during midday trading on Friday, hitting $36.45. 303,414 shares of the company were exchanged. Qualys Inc has a 1-year low of $24.14 and a 1-year high of $39.67. The firm has a market capitalization of $1.33 billion, a PE ratio of 72.90 and a beta of 0.99. The stock has a 50 day moving average of $35.78 and a 200 day moving average of $35.29.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, February 8th. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Qualys had a net margin of 9.71% and a return on equity of 8.40%. The business earned $52.20 million during the quarter, compared to analysts’ expectations of $52.63 million. During the same period in the previous year, the business posted $0.21 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities analysts predict that Qualys Inc will post $0.85 earnings per share for the current fiscal year.
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A number of analysts recently weighed in on QLYS shares. Stifel Nicolaus decreased their price objective on Qualys from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, February 9th. Robert W. Baird reaffirmed a “hold” rating on shares of Qualys in a research report on Tuesday, February 21st. Zacks Investment Research raised shares of Qualys from a “sell” rating to a “hold” rating in a research report on Friday, February 17th. Morgan Stanley started coverage on shares of Qualys in a research report on Thursday, March 30th. They set an “overweight” rating and a $43.00 price target on the stock. Finally, First Analysis cut shares of Qualys from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $42.00 to $37.00 in a research report on Thursday, February 9th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.67.
In other news, insider Sumedh S. Thakar sold 1,800 shares of Qualys stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $36.85, for a total transaction of $66,330.00. Following the completion of the transaction, the insider now directly owns 51,576 shares of the company’s stock, valued at approximately $1,900,575.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Philippe F. Courtot sold 40,000 shares of Qualys stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $34.37, for a total transaction of $1,374,800.00. Following the transaction, the chairman now directly owns 5,226,234 shares of the company’s stock, valued at $179,625,662.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 995,893 shares of company stock valued at $35,484,145. Company insiders own 30.20% of the company’s stock.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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