William Blair Investment Management LLC trimmed its holdings in shares of Qualys Inc (NASDAQ:QLYS) by 70.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,016 shares of the software maker’s stock after selling 275,626 shares during the quarter. William Blair Investment Management LLC owned 0.29% of Qualys worth $9,831,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Huntington National Bank grew its position in Qualys by 17.5% in the 1st quarter. Huntington National Bank now owns 989 shares of the software maker’s stock valued at $86,000 after acquiring an additional 147 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Qualys by 1.3% during the fourth quarter. Mason Street Advisors LLC now owns 11,611 shares of the software maker’s stock worth $968,000 after purchasing an additional 153 shares during the last quarter. FMR LLC lifted its stake in Qualys by 42.0% during the fourth quarter. FMR LLC now owns 544 shares of the software maker’s stock worth $46,000 after purchasing an additional 161 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Qualys by 14.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,322 shares of the software maker’s stock worth $110,000 after purchasing an additional 164 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Qualys by 3.1% in the fourth quarter. Amalgamated Bank now owns 6,518 shares of the software maker’s stock valued at $543,000 after buying an additional 198 shares during the last quarter. 89.72% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Melissa B. Fisher sold 450 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $104.72, for a total value of $47,124.00. Following the completion of the sale, the chief financial officer now owns 171,633 shares in the company, valued at $17,973,407.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sumedh S. Thakar sold 14,744 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $99.13, for a total value of $1,461,572.72. Following the completion of the sale, 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. In the last quarter, insiders sold 188,313 shares of company stock valued at $19,751,612. Insiders own 17.30% of the company’s stock.
Qualys (NASDAQ:QLYS) last posted its earnings results on Thursday, May 7th. The software maker reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. Qualys had a return on equity of 19.56% and a net margin of 22.48%. The business had revenue of $86.30 million during the quarter, compared to analyst estimates of $85.81 million. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts predict that Qualys Inc will post 1.78 EPS for the current year.
A number of research firms have recently issued reports on QLYS. Morgan Stanley boosted their target price on Qualys from $85.00 to $102.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Royal Bank of Canada boosted their target price on Qualys from $85.00 to $101.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Goldman Sachs Group assumed coverage on Qualys in a research report on Tuesday, March 24th. They set a “neutral” rating and a $96.00 target price on the stock. Monness Crespi & Hardt downgraded Qualys from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. Finally, Zacks Investment Research downgraded Qualys from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $104.50.
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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