Comerica Bank increased its stake in Qualys Inc (NASDAQ:QLYS) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,828 shares of the software maker’s stock after buying an additional 1,761 shares during the period. Comerica Bank owned 0.09% of Qualys worth $1,052,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of QLYS. PNC Financial Services Group Inc. boosted its stake in shares of Qualys by 3,944.8% in the third quarter. PNC Financial Services Group Inc. now owns 52,542 shares of the software maker’s stock valued at $2,008,000 after buying an additional 51,243 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Qualys by 2.8% in the third quarter. Penserra Capital Management LLC now owns 947,511 shares of the software maker’s stock valued at $36,185,000 after buying an additional 25,918 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Qualys by 7.4% in the third quarter. Bank of New York Mellon Corp now owns 316,237 shares of the software maker’s stock valued at $12,077,000 after buying an additional 21,830 shares during the period. Alps Advisors Inc. purchased a new stake in shares of Qualys during the third quarter valued at $445,000. Finally, Neuberger Berman Group LLC boosted its stake in shares of Qualys by 91.2% in the third quarter. Neuberger Berman Group LLC now owns 1,075,734 shares of the software maker’s stock valued at $41,082,000 after buying an additional 513,092 shares during the period. 74.32% of the stock is currently owned by institutional investors and hedge funds.
Qualys Inc (NASDAQ:QLYS) traded up 1.67% during trading on Friday, reaching $36.45. 303,414 shares of the company were exchanged. Qualys Inc has a 52-week low of $24.47 and a 52-week high of $39.67. The stock has a market capitalization of $1.33 billion, a PE ratio of 72.90 and a beta of 0.99. The firm’s 50 day moving average is $35.83 and its 200 day moving average is $35.28.
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Several analysts recently weighed in on QLYS shares. First Analysis cut shares of Qualys from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $42.00 to $37.00 in a report on Thursday, February 9th. Robert W. Baird reissued a “hold” rating on shares of Qualys in a report on Tuesday, February 21st. Zacks Investment Research raised shares of Qualys from a “sell” rating to a “hold” rating in a report on Friday, February 17th. Stifel Nicolaus cut their price objective on shares of Qualys from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, February 9th. Finally, Wells Fargo & Co started coverage on shares of Qualys in a report on Wednesday, January 11th. They set a “market perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $37.67.
In related news, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $36.03, for a total transaction of $72,060.00. Following the completion of the sale, the vice president now directly owns 59,838 shares of the company’s stock, valued at $2,155,963.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Philippe F. Courtot sold 30,000 shares of Qualys stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $35.74, for a total value of $1,072,200.00. Following the sale, the chairman now directly owns 5,097,542 shares of the company’s stock, valued at $182,186,151.08. The disclosure for this sale can be found here. Insiders sold a total of 1,025,893 shares of company stock valued at $36,556,345 over the last three months. Insiders own 30.20% of the company’s stock.
Qualys Company Profile
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.
