Holocene Advisors LP reduced its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 56.7% in the first quarter, Holdings Channel reports. The firm owned 44,039 shares of the software maker’s stock after selling 57,775 shares during the period. Holocene Advisors LP’s holdings in Qualys were worth $4,614,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of QLYS. Champlain Investment Partners LLC purchased a new stake in shares of Qualys during the first quarter valued at $60,454,000. Norges Bank purchased a new stake in shares of Qualys during the fourth quarter valued at $43,546,000. London Co. of Virginia purchased a new stake in shares of Qualys during the first quarter valued at $23,604,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Qualys by 34.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 788,105 shares of the software maker’s stock valued at $82,578,000 after purchasing an additional 201,232 shares during the period. Finally, Boston Trust Walden Corp purchased a new stake in shares of Qualys during the first quarter valued at $18,809,000. 92.40% of the stock is owned by hedge funds and other institutional investors.
In other Qualys news, VP Bruce K. Posey sold 9,410 shares of the stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $98.25, for a total transaction of $924,532.50. Following the completion of the sale, the vice president now directly owns 95,367 shares of the company’s stock, valued at $9,369,807.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 7,134 shares of the company’s stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $97.87, for a total transaction of $698,204.58. Following the transaction, the chief executive officer now owns 212,986 shares in the company, valued at approximately $20,844,939.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,233 shares of company stock valued at $4,152,850. Insiders own 15.60% of the company’s stock.
Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Wednesday, May 5th. The software maker reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.50). The firm had revenue of $96.76 million for the quarter, compared to analysts’ expectations of $95.17 million. Qualys had a net margin of 19.58% and a return on equity of 17.40%. On average, sell-side analysts forecast that Qualys, Inc. will post 1.11 earnings per share for the current fiscal year.
A number of analysts recently weighed in on QLYS shares. Zacks Investment Research lowered shares of Qualys from a “hold” rating to a “sell” rating in a research note on Saturday, May 15th. Morgan Stanley lowered their price objective on shares of Qualys from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Thursday, May 6th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $116.78.
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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