Spark Investment Management LLC Continues to Hold Stake in Qualys, Inc. (QLYS)
Spark Investment Management LLC held its position in shares of Qualys, Inc. (NASDAQ:QLYS) during the second quarter, Holdings Channel reports. The fund owned 56,700 shares of the software maker’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Qualys were worth $2,313,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock valued at $123,000 after buying an additional 150 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Qualys by 226.3% in the first quarter. LS Investment Advisors LLC now owns 3,403 shares of the software maker’s stock valued at $129,000 after buying an additional 2,360 shares during the last quarter. US Bancorp DE raised its position in shares of Qualys by 448.8% in the first quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock valued at $142,000 after buying an additional 3,061 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Qualys by 131.6% in the first quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock valued at $146,000 after buying an additional 2,186 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of Qualys during the fourth quarter valued at $201,000. 75.29% of the stock is currently owned by hedge funds and other institutional investors.
Qualys, Inc. (NASDAQ QLYS) opened at 46.25 on Monday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 45.25 and a beta of 0.93. Qualys, Inc. has a 52-week low of $30.00 and a 52-week high of $46.90. The stock has a 50 day moving average of $41.29 and a 200-day moving average of $38.55.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating the consensus estimate of $0.10 by $0.08. The company had revenue of $55.30 million during the quarter, compared to the consensus estimate of $54.87 million. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. On average, analysts forecast that Qualys, Inc. will post $0.89 EPS for the current year.
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Several equities analysts recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday, May 3rd. BidaskClub raised shares of Qualys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $45.00 price objective (up previously from $39.00) on shares of Qualys in a research report on Tuesday, May 23rd. Imperial Capital raised their price objective on shares of Qualys from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, Monness Crespi & Hardt assumed coverage on shares of Qualys in a research report on Monday, July 10th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Qualys has a consensus rating of “Hold” and an average target price of $44.92.
In other news, insider Sumedh S. Thakar sold 4,119 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $40.87, for a total value of $168,343.53. Following the completion of the sale, the insider now owns 140,950 shares of the company’s stock, valued at approximately $5,760,626.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Amer Deeba sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $42.51, for a total value of $85,020.00. Following the completion of the sale, the vice president now directly owns 81,353 shares of the company’s stock, valued at approximately $3,458,316.03. The disclosure for this sale can be found here. In the last three months, insiders sold 11,719 shares of company stock valued at $482,662. 30.20% of the stock is currently owned by insiders.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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