Victory Capital Management Inc. Purchases 679 Shares of Qualys, Inc. (QLYS)
Victory Capital Management Inc. raised its position in Qualys, Inc. (NASDAQ:QLYS) by 17.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,526 shares of the software maker’s stock after purchasing an additional 679 shares during the quarter. Victory Capital Management Inc.’s holdings in Qualys were worth $185,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in QLYS. SG Americas Securities LLC bought a new position in shares of Qualys in the 2nd quarter valued at about $103,000. LS Investment Advisors LLC grew its holdings in shares of Qualys by 226.3% in the 1st quarter. LS Investment Advisors LLC now owns 3,403 shares of the software maker’s stock valued at $129,000 after acquiring an additional 2,360 shares in the last quarter. US Bancorp DE grew its holdings in shares of Qualys by 448.8% in the 1st quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock valued at $142,000 after acquiring an additional 3,061 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Qualys in the 1st quarter valued at about $205,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Qualys by 16.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,651 shares of the software maker’s stock valued at $214,000 after acquiring an additional 786 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.
Several brokerages have recently weighed in on QLYS. Imperial Capital restated an “outperform” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Qualys in a report on Wednesday, August 9th. Zacks Investment Research cut Qualys from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Susquehanna Bancshares Inc began coverage on Qualys in a report on Wednesday, June 7th. They issued a “neutral” rating and a $45.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Qualys in a report on Thursday, July 20th. Finally, BidaskClub upgraded Qualys from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $45.45.
Qualys, Inc. (NASDAQ QLYS) opened at 51.80 on Friday. Qualys, Inc. has a 12-month low of $30.60 and a 12-month high of $52.55. The company’s 50-day moving average price is $47.01 and its 200-day moving average price is $41.41. The company has a market cap of $1.94 billion, a PE ratio of 50.68 and a beta of 0.89.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The firm had revenue of $55.30 million during the quarter, compared to analyst estimates of $54.87 million. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Equities analysts anticipate that Qualys, Inc. will post $0.90 earnings per share for the current year.
In other Qualys news, Director Peter Pace sold 12,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $44.88, for a total value of $538,560.00. Following the completion of the sale, the director now owns 35,155 shares in the company, valued at approximately $1,577,756.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Amer Deeba sold 2,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $40.21, for a total transaction of $80,420.00. Following the completion of the sale, the vice president now owns 81,353 shares of the company’s stock, valued at approximately $3,271,204.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,708 shares of company stock valued at $3,174,974. Company insiders own 30.20% of the company’s stock.
Qualys Company Profile
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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