Verition Fund Management LLC bought a new stake in Qualys Inc (NASDAQ:QLYS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 2,130 shares of the software maker’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GQ Asset Management LLC acquired a new position in Qualys in the 1st quarter valued at about $32,000. Creative Financial Designs Inc. ADV acquired a new position in Qualys in the 2nd quarter valued at about $43,000. Procyon Private Wealth Partners LLC grew its position in Qualys by 49.5% in the 1st quarter. Procyon Private Wealth Partners LLC now owns 788 shares of the software maker’s stock valued at $69,000 after acquiring an additional 261 shares in the last quarter. Private Capital Group LLC grew its position in shares of Qualys by 300.9% during the first quarter. Private Capital Group LLC now owns 902 shares of the software maker’s stock worth $78,000 after buying an additional 677 shares in the last quarter. Finally, Atticus Wealth Management LLC grew its position in shares of Qualys by 40.6% during the second quarter. Atticus Wealth Management LLC now owns 1,125 shares of the software maker’s stock worth $117,000 after buying an additional 325 shares in the last quarter. 90.75% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on QLYS shares. Wedbush boosted their price objective on Qualys from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research note on Saturday, August 15th. Needham & Company LLC reissued a “buy” rating and issued a $118.00 price objective on shares of Qualys in a research note on Tuesday, August 11th. Loop Capital began coverage on Qualys in a report on Tuesday, September 8th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, BidaskClub cut Qualys from a “hold” rating to a “sell” rating in a report on Wednesday, September 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $109.71.

In related news, Director Peter Pace sold 36,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $102.58, for a total transaction of $3,692,880.00. Following the sale, the director now owns 23,860 shares of the company’s stock, valued at approximately $2,447,558.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sumedh S. Thakar sold 3,258 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $102.34, for a total value of $333,423.72. Following the sale, the insider now directly owns 165,311 shares in the company, valued at approximately $16,917,927.74. The disclosure for this sale can be found here. In the last three months, insiders sold 57,475 shares of company stock worth $5,973,985. 16.20% of the stock is currently owned by company insiders.

QLYS stock opened at $98.45 on Wednesday. Qualys Inc has a 1-year low of $63.37 and a 1-year high of $125.22. The firm has a market cap of $3.86 billion, a P/E ratio of 47.56 and a beta of 0.83. The business’s 50 day moving average is $108.65 and its 200-day moving average is $101.70.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Monday, August 10th. The software maker reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.27. The firm had revenue of $88.90 million for the quarter, compared to the consensus estimate of $88.20 million. Qualys had a return on equity of 20.93% and a net margin of 24.78%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. On average, research analysts expect that Qualys Inc will post 1.9 earnings per share for the current fiscal year.

About Qualys

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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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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