Pacad Investment Ltd. Has $131,000 Holdings in Qualys, Inc. (QLYS)

Pacad Investment Ltd. lessened its holdings in Qualys, Inc. (NASDAQ:QLYS) by 5.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,200 shares of the software maker’s stock after selling 200 shares during the period. Pacad Investment Ltd.’s holdings in Qualys were worth $131,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. increased its stake in Qualys by 11.3% in the 2nd quarter. Principal Financial Group Inc. now owns 249,232 shares of the software maker’s stock worth $10,168,000 after buying an additional 25,384 shares in the last quarter. Keybank National Association OH increased its stake in Qualys by 30.9% in the 2nd quarter. Keybank National Association OH now owns 11,130 shares of the software maker’s stock worth $454,000 after buying an additional 2,627 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Qualys by 2.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,264,080 shares of the software maker’s stock worth $92,374,000 after buying an additional 57,088 shares in the last quarter. Victory Capital Management Inc. increased its stake in Qualys by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,526 shares of the software maker’s stock worth $185,000 after buying an additional 679 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Qualys by 62.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,152 shares of the software maker’s stock worth $373,000 after buying an additional 3,501 shares in the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

A number of equities research analysts have issued reports on QLYS shares. Zacks Investment Research upgraded Qualys from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research note on Wednesday, July 5th. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 price target (up previously from $45.00) on shares of Qualys in a research note on Thursday, July 20th. BidaskClub lowered Qualys from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Imperial Capital reiterated an “outperform” rating and issued a $50.00 price target (up previously from $46.00) on shares of Qualys in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $45.00 price target on shares of Qualys in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.45.

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In related news, insider Sumedh S. Thakar sold 12,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $50.22, for a total transaction of $602,640.00. Following the completion of the sale, the insider now owns 132,051 shares of the company’s stock, valued at approximately $6,631,601.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sumedh S. Thakar sold 1,800 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $40.67, for a total transaction of $73,206.00. Following the sale, the insider now directly owns 138,631 shares of the company’s stock, valued at approximately $5,638,122.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,708 shares of company stock valued at $3,174,974. Insiders own 30.20% of the company’s stock.

Qualys, Inc. (NASDAQ:QLYS) opened at 51.30 on Friday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 50.20 and a beta of 0.89. The stock’s 50 day moving average price is $46.35 and its 200-day moving average price is $41.07. Qualys, Inc. has a 12 month low of $30.61 and a 12 month high of $51.95.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The firm had revenue of $55.30 million during the quarter, compared to the consensus estimate of $54.87 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts expect that Qualys, Inc. will post $0.90 EPS for the current year.

Qualys 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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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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