SG Americas Securities LLC cut its holdings in shares of Qualys Inc (NASDAQ:QLYS) by 83.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,999 shares of the software maker’s stock after selling 10,116 shares during the period. SG Americas Securities LLC’s holdings in Qualys were worth $165,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. FTB Advisors Inc. grew its position in shares of Qualys by 51.0% during the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock worth $31,000 after acquiring an additional 128 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Qualys by 0.6% during the fourth quarter. Advisors Asset Management Inc. now owns 24,772 shares of the software maker’s stock worth $1,851,000 after acquiring an additional 152 shares during the last quarter. Synovus Financial Corp grew its position in shares of Qualys by 1.6% during the fourth quarter. Synovus Financial Corp now owns 13,924 shares of the software maker’s stock worth $1,041,000 after acquiring an additional 224 shares during the last quarter. Bank of Montreal Can grew its position in shares of Qualys by 15.2% during the fourth quarter. Bank of Montreal Can now owns 1,895 shares of the software maker’s stock worth $141,000 after acquiring an additional 250 shares during the last quarter. Finally, Renaissance Group LLC grew its position in shares of Qualys by 4.2% during the fourth quarter. Renaissance Group LLC now owns 6,817 shares of the software maker’s stock worth $510,000 after acquiring an additional 273 shares during the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.
A number of brokerages have recently issued reports on QLYS. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $100.00 target price on the stock in a research report on Thursday, May 9th. 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 target on shares of Qualys in a report on Thursday, May 2nd. JMP Securities increased their price target on Qualys from $85.00 to $100.00 and gave the stock a “market outperform” rating in a report on Thursday, May 2nd. Finally, Cowen initiated coverage on Qualys in a report on Thursday, May 23rd. They set an “outperform” rating and a $100.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $93.94.
Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, May 1st. The software maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). Qualys had a net margin of 21.23% and a return on equity of 15.51%. The business had revenue of $75.34 million during the quarter, compared to analyst estimates of $74.92 million. During the same period last year, the business posted $0.36 EPS. Qualys’s revenue was up 16.1% compared to the same quarter last year. Equities analysts anticipate that Qualys Inc will post 1.34 EPS for the current fiscal year.
In other Qualys news, CFO Melissa B. Fisher sold 1,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $89.91, for a total value of $134,865.00. Following the completion of the sale, the chief financial officer now owns 150,629 shares of the company’s stock, valued at $13,543,053.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sumedh S. Thakar sold 4,082 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $88.61, for a total value of $361,706.02. Following the completion of the sale, the insider now directly owns 187,650 shares of the company’s stock, valued at approximately $16,627,666.50. The disclosure for this sale can be found here. In the last three months, insiders sold 56,719 shares of company stock valued at $4,946,395. 17.30% of the stock is owned by corporate insiders.
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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