Bank of Nova Scotia bought a new stake in Qualys, Inc. (NASDAQ:QLYS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,280 shares of the software maker’s stock, valued at approximately $256,000.
Other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Qualys during the second quarter worth about $103,000. Victory Capital Management Inc. grew its position in Qualys by 131.6% during the first quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock worth $146,000 after buying an additional 2,186 shares during the period. Pinebridge Investments L.P. grew its position in Qualys by 2.9% during the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock worth $161,000 after buying an additional 110 shares during the period. US Bancorp DE grew its position in Qualys by 18.6% during the second quarter. US Bancorp DE now owns 4,440 shares of the software maker’s stock worth $181,000 after buying an additional 697 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new position in Qualys during the second quarter worth about $215,000. 73.57% of the stock is owned by institutional investors and hedge funds.
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In other Qualys news, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the transaction, the vice president now directly owns 79,221 shares of the company’s stock, valued at approximately $3,791,517.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Todd P. Headley sold 4,714 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $45.25, for a total transaction of $213,308.50. Following the transaction, the director now directly owns 14,410 shares of the company’s stock, valued at $652,052.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 159,714 shares of company stock valued at $8,802,939. Company insiders own 30.20% of the company’s stock.
Several research analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $70.00 target price (up from $65.00) on shares of Qualys in a research report on Wednesday, November 1st. Northland Securities set a $48.00 price target on shares of Qualys and gave the company a “buy” rating in a research report on Wednesday, October 18th. Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 price target on shares of Qualys in a research report on Monday, July 31st. Summit Redstone upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, November 1st. Finally, BidaskClub lowered shares of Qualys from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Qualys has a consensus rating of “Hold” and an average price target of $54.36.
Qualys, Inc. (NASDAQ:QLYS) traded up $0.45 during trading on Friday, hitting $56.90. 170,800 shares of the stock traded hands, compared to its average volume of 289,456. Qualys, Inc. has a 52 week low of $30.60 and a 52 week high of $58.25. The firm has a market capitalization of $2,140.56, a price-to-earnings ratio of 51.32, a P/E/G ratio of 5.08 and a beta of 0.84.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.10. The company had revenue of $59.49 million during the quarter, compared to analyst estimates of $58.59 million. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. sell-side analysts anticipate that Qualys, Inc. will post 0.65 earnings per share for the current year.
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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