SevenBridge Financial Group LLC bought a new stake in shares of Qualys Inc (NASDAQ:QLYS) in the second quarter, Holdings Channel reports. The fund bought 574 shares of the software maker’s stock, valued at approximately $50,000.
Other hedge funds also recently bought and sold shares of the company. Scout Investments Inc. purchased a new stake in shares of Qualys in the second quarter worth $7,055,000. Amundi Pioneer Asset Management Inc. grew its stake 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 acquiring an additional 46,875 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Qualys by 38.9% in the first quarter. Advisory Services Network LLC now owns 1,250 shares of the software maker’s stock worth $103,000 after acquiring an additional 350 shares during the last quarter. GYL Financial Synergies LLC purchased a new stake in shares of Qualys in the first quarter worth $824,000. Finally, Clearbridge Investments LLC grew its stake in shares of Qualys by 9.7% in the first quarter. Clearbridge Investments LLC now owns 1,155,411 shares of the software maker’s stock worth $95,599,000 after acquiring an additional 102,395 shares during the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on QLYS shares. JMP Securities increased their target price on Qualys from $85.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 2nd. Wedbush reaffirmed an “outperform” rating and set a $102.00 price objective (up from $95.00) on shares of Qualys in a research report on Thursday, May 2nd. ValuEngine cut Qualys from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. BidaskClub downgraded Qualys from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Morgan Stanley set a $91.00 target price on Qualys and gave the company a “hold” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. Qualys presently has a consensus rating of “Hold” and an average target price of $94.00.
Qualys (NASDAQ:QLYS) last announced its earnings results on Wednesday, July 31st. The software maker reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. The firm had revenue of $78.93 million during the quarter, compared to analysts’ expectations of $78.54 million. Qualys had a return on equity of 15.51% and a net margin of 21.23%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. Equities research analysts expect that Qualys Inc will post 1.34 earnings per share for the current fiscal year.
In other news, CFO Melissa B. Fisher sold 1,500 shares of Qualys stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $85.05, for a total value of $127,575.00. Following the completion of the transaction, the chief financial officer now owns 150,629 shares in the company, valued at approximately $12,810,996.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Bruce K. Posey sold 3,000 shares of Qualys stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $87.27, for a total value of $261,810.00. Following the completion of the transaction, the vice president now owns 62,972 shares of the company’s stock, valued at approximately $5,495,566.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,497 shares of company stock valued at $5,060,930. Company insiders own 17.30% of the company’s stock.
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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