Dynamic Technology Lab Private Ltd acquired a new stake in shares of Qualys Inc (NASDAQ:QLYS) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 6,024 shares of the software maker’s stock, valued at approximately $498,000.
Other institutional investors and hedge funds have also modified their holdings of the company. FTB Advisors Inc. raised its position in Qualys by 51.0% during the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock valued at $31,000 after acquiring an additional 128 shares in the last quarter. Cornerstone Advisors Inc. raised its position in Qualys by 43.9% during the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after acquiring an additional 165 shares in the last quarter. Lindbrook Capital LLC bought a new position in Qualys during the fourth quarter valued at approximately $42,000. Sontag Advisory LLC bought a new position in Qualys during the fourth quarter valued at approximately $48,000. Finally, Acadian Asset Management LLC bought a new position in Qualys during the fourth quarter valued at approximately $62,000. 85.26% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of Qualys from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Northland Securities reaffirmed a “buy” rating and set a $100.00 price objective on shares of Qualys in a research report on Thursday, May 2nd. JMP Securities raised their price objective on shares of Qualys from $85.00 to $100.00 and gave the company a “market outperform” rating in a research report on Thursday, May 2nd. Zacks Investment Research upgraded Qualys from a “hold” rating to a “strong-buy” rating and set a $100.00 price target on the stock in a report on Thursday, May 9th. Finally, Cowen assumed coverage on Qualys in a report on Thursday, May 23rd. They set an “outperform” rating and a $100.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $93.53.
Shares of QLYS stock opened at $87.23 on Thursday. Qualys Inc has a 12 month low of $65.93 and a 12 month high of $98.30. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 73.30 and a beta of 1.48.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09). The company had revenue of $75.34 million for the quarter, compared to analyst estimates of $74.92 million. Qualys had a net margin of 21.23% and a return on equity of 15.51%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business earned $0.36 EPS. Equities research analysts forecast that Qualys Inc will post 1.34 EPS for the current year.
In other news, VP Bruce K. Posey sold 2,000 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $81.01, for a total value of $162,020.00. Following the sale, the vice president now owns 63,578 shares in the company, valued at $5,150,453.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Melissa B. Fisher sold 1,500 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $81.14, for a total transaction of $121,710.00. Following the completion of the sale, the chief financial officer now owns 155,066 shares in the company, valued at approximately $12,582,055.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,719 shares of company stock worth $4,946,395. 17.30% of the stock is currently owned by corporate insiders.
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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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