Swiss National Bank Sells 2,300 Shares of Qualys, Inc. (NASDAQ:QLYS)

Swiss National Bank lessened its stake in Qualys, Inc. (NASDAQ:QLYS) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,500 shares of the software maker’s stock after selling 2,300 shares during the period. Swiss National Bank’s holdings in Qualys were worth $7,401,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in shares of Qualys in the 1st quarter valued at about $28,000. SRS Capital Advisors Inc. bought a new stake in shares of Qualys in the 2nd quarter valued at about $31,000. Huntington National Bank lifted its stake in shares of Qualys by 79.3% in the 2nd quarter. Huntington National Bank now owns 1,282 shares of the software maker’s stock valued at $129,000 after acquiring an additional 567 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Qualys by 8,814.3% in the 1st quarter. Panagora Asset Management Inc. now owns 1,248 shares of the software maker’s stock valued at $131,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC lifted its stake in shares of Qualys by 14.6% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 2,315 shares of the software maker’s stock valued at $243,000 after acquiring an additional 295 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

QLYS stock opened at $119.29 on Wednesday. Qualys, Inc. has a fifty-two week low of $86.65 and a fifty-two week high of $148.84. The business’s 50 day moving average price is $108.23 and its two-hundred day moving average price is $103.80. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 70.59 and a beta of 0.61.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Monday, August 9th. The software maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $99.70 million for the quarter, compared to the consensus estimate of $98.98 million. Qualys had a return on equity of 17.14% and a net margin of 17.67%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. Research analysts forecast that Qualys, Inc. will post 1.44 earnings per share for the current year.

In related news, CEO Sumedh S. Thakar sold 7,133 shares of the company’s stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $99.17, for a total value of $707,379.61. Following the sale, the chief executive officer now owns 199,334 shares in the company, valued at approximately $19,767,952.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Philippe Courtot Family Trust sold 994 shares of the stock in a transaction on Monday, August 23rd. The shares were sold at an average price of $110.04, for a total value of $109,379.76. Following the sale, the insider now owns 5,048,392 shares in the company, valued at $555,525,055.68. The disclosure for this sale can be found here. Insiders sold a total of 369,555 shares of company stock worth $42,137,920 in the last 90 days. 15.60% of the stock is currently owned by company insiders.

A number of research analysts have commented on the company. Needham & Company LLC upped their price target on Qualys from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 10th. Morgan Stanley upped their price target on Qualys from $98.00 to $100.00 and gave the company an “underweight” rating in a research report on Tuesday, August 10th. Loop Capital lowered Qualys from a “buy” rating to a “hold” rating and lowered their price target for the company from $140.00 to $105.00 in a research report on Monday, July 26th. Zacks Investment Research raised Qualys from a “sell” rating to a “hold” rating and set a $123.00 price target for the company in a research report on Wednesday, August 11th. Finally, Royal Bank of Canada upped their price target on Qualys from $105.00 to $112.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $111.00.

Qualys Company Profile

Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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