William Blair Investment Management LLC decreased its holdings in shares of Qualys Inc (NASDAQ:QLYS) by 70.9% during the first quarter, Holdings Channel.com reports. The firm owned 113,016 shares of the software maker’s stock after selling 275,626 shares during the period. William Blair Investment Management LLC’s holdings in Qualys were worth $9,831,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Qualys by 23.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 245,375 shares of the software maker’s stock worth $20,302,000 after purchasing an additional 46,875 shares during the last quarter. Huntington National Bank raised its position in shares of Qualys by 223.8% in the 4th quarter. Huntington National Bank now owns 842 shares of the software maker’s stock valued at $70,000 after purchasing an additional 582 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Qualys by 63.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,584 shares of the software maker’s stock worth $1,216,000 after buying an additional 5,652 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Qualys during the 4th quarter worth approximately $219,000. Finally, Sumitomo Life Insurance Co. acquired a new stake in shares of Qualys during the 4th quarter worth approximately $1,053,000. 89.72% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on QLYS. JMP Securities cut shares of Qualys from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $135.00 to $125.00 in a research note on Monday, April 27th. Monness Crespi & Hardt downgraded Qualys from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. Wedbush upped their price target on Qualys from $102.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Rosenblatt Securities boosted their price objective on Qualys from $93.00 to $120.00 in a research note on Sunday, April 19th. Finally, Needham & Company LLC upped their price target on Qualys from $105.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $104.50.
Shares of NASDAQ:QLYS opened at $112.00 on Friday. Qualys Inc has a fifty-two week low of $63.37 and a fifty-two week high of $113.02. The stock has a market capitalization of $4.27 billion, a P/E ratio of 61.54 and a beta of 1.00. The business has a 50-day moving average of $102.78 and a two-hundred day moving average of $89.16.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $0.65 EPS for the quarter, beating the consensus estimate of $0.42 by $0.23. Qualys had a return on equity of 19.56% and a net margin of 22.48%. The firm had revenue of $86.30 million during the quarter, compared to analysts’ expectations of $85.81 million. During the same quarter in the prior year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities analysts forecast that Qualys Inc will post 1.78 earnings per share for the current fiscal year.
In related news, CFO Melissa B. Fisher sold 450 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $106.63, for a total transaction of $47,983.50. Following the sale, the chief financial officer now owns 179,139 shares of the company’s stock, valued at approximately $19,101,591.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sumedh S. Thakar sold 14,744 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $99.13, for a total value of $1,461,572.72. Following the transaction, the insider now owns 214,901 shares of the company’s stock, valued at approximately $21,303,136.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 188,313 shares of company stock worth $19,751,612. 17.30% of the stock is owned by corporate insiders.
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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