Pictet Asset Management Ltd. boosted its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 307.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 430,000 shares of the software maker’s stock after buying an additional 324,500 shares during the period. Pictet Asset Management Ltd. owned about 1.16% of Qualys worth $18,060,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in QLYS. BlackRock Inc. raised its stake in Qualys by 157,222.3% in the first quarter. BlackRock Inc. now owns 3,365,124 shares of the software maker’s stock valued at $127,537,000 after buying an additional 3,362,985 shares in the last quarter. Champlain Investment Partners LLC raised its stake in Qualys by 32.7% in the first quarter. Champlain Investment Partners LLC now owns 2,304,060 shares of the software maker’s stock valued at $87,324,000 after buying an additional 568,040 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Qualys by 31.9% in the first quarter. Neuberger Berman Group LLC now owns 2,206,992 shares of the software maker’s stock valued at $83,645,000 after buying an additional 534,000 shares in the last quarter. Norges Bank purchased a new stake in Qualys during the fourth quarter valued at $8,725,000. Finally, Columbia Wanger Asset Management LLC raised its stake in Qualys by 21.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,558,789 shares of the software maker’s stock valued at $59,078,000 after buying an additional 275,361 shares in the last quarter. Institutional investors own 75.29% of the company’s stock.
Qualys, Inc. (NASDAQ QLYS) opened at 44.60 on Friday. The stock’s 50 day moving average price is $42.22 and its 200-day moving average price is $39.08. Qualys, Inc. has a one year low of $30.15 and a one year high of $47.50. The company has a market capitalization of $1.67 billion, a P/E ratio of 43.64 and a beta of 0.93.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. The firm had revenue of $55.30 million during the quarter, compared to analysts’ expectations of $54.87 million. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. Equities analysts forecast that Qualys, Inc. will post $0.91 EPS for the current year.
Several equities research analysts recently weighed in on QLYS shares. Zacks Investment Research upgraded Qualys from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, July 5th. Robert W. Baird restated a “hold” rating on shares of Qualys in a research report on Wednesday, May 3rd. Susquehanna Bancshares Inc started coverage on Qualys in a research report on Wednesday, June 7th. They set a “neutral” rating and a $45.00 price target on the stock. Imperial Capital lifted their price target on Qualys from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, Morgan Stanley restated an “overweight” rating and set a $50.00 price target (up from $45.00) on shares of Qualys in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Qualys presently has a consensus rating of “Hold” and a consensus target price of $45.25.
In other news, Director Peter Pace sold 12,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $44.88, for a total value of $538,560.00. Following the completion of the sale, the director now owns 35,155 shares of the company’s stock, valued at approximately $1,577,756.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bruce K. Posey sold 11,000 shares of Qualys stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $46.32, for a total value of $509,520.00. Following the sale, the vice president now directly owns 34,495 shares of the company’s stock, valued at approximately $1,597,808.40. The disclosure for this sale can be found here. Insiders sold a total of 42,794 shares of company stock valued at $1,923,997 in the last three months. 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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