Congress Asset Management Co. MA lifted its position in shares of Qualys Inc (NASDAQ:QLYS) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 882,084 shares of the software maker’s stock after purchasing an additional 41,132 shares during the period. Congress Asset Management Co. MA owned 2.26% of Qualys worth $78,594,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in QLYS. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in shares of Qualys during the 3rd quarter worth approximately $146,000. Envestnet Asset Management Inc. increased its position in Qualys by 119.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,889 shares of the software maker’s stock worth $159,000 after purchasing an additional 1,030 shares in the last quarter. Stevens Capital Management LP acquired a new position in Qualys in the 2nd quarter valued at approximately $212,000. NewSquare Capital LLC acquired a new position in Qualys in the 2nd quarter valued at approximately $217,000. Finally, Atria Investments LLC acquired a new position in Qualys in the 2nd quarter valued at approximately $217,000. 82.28% of the stock is owned by institutional investors and hedge funds.
In related news, Chairman Philippe F. Courtot sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $84.90, for a total transaction of $3,396,000.00. Following the completion of the sale, the chairman now owns 5,458,092 shares in the company, valued at $463,392,010.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Philippe F. Courtot sold 60,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $87.92, for a total transaction of $5,275,200.00. Following the sale, the chairman now owns 5,458,092 shares of the company’s stock, valued at approximately $479,875,448.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,077 shares of company stock valued at $13,641,949. 18.60% of the stock is currently owned by corporate insiders.
Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, October 30th. The software maker reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.11. The company had revenue of $71.70 million during the quarter, compared to the consensus estimate of $71.22 million. Qualys had a net margin of 17.10% and a return on equity of 14.18%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. As a group, sell-side analysts forecast that Qualys Inc will post 1.07 earnings per share for the current fiscal year.
QLYS has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a research report on Wednesday. Morgan Stanley decreased their price objective on shares of Qualys from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. BidaskClub cut shares of Qualys from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Monness Crespi & Hardt decreased their price objective on shares of Qualys from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, Royal Bank of Canada increased their target price on shares of Qualys to $90.00 and gave the stock a “positive” rating in a research note on Wednesday, August 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $86.71.
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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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