Meritage Portfolio Management Cuts Stake in Qualys Inc (NASDAQ:QLYS)

Meritage Portfolio Management cut its position in Qualys Inc (NASDAQ:QLYS) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,224 shares of the software maker’s stock after selling 2,080 shares during the quarter. Meritage Portfolio Management owned about 0.28% of Qualys worth $6,245,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jennison Associates LLC bought a new position in Qualys during the fourth quarter worth $277,000. American Capital Management Inc. boosted its position in shares of Qualys by 20.7% in the fourth quarter. American Capital Management Inc. now owns 31,740 shares of the software maker’s stock valued at $1,884,000 after acquiring an additional 5,440 shares during the period. James Investment Research Inc. bought a new stake in shares of Qualys in the fourth quarter valued at about $1,769,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Qualys in the fourth quarter valued at about $154,000. Finally, Syntal Capital Partners LLC boosted its position in shares of Qualys by 78.3% in the fourth quarter. Syntal Capital Partners LLC now owns 27,225 shares of the software maker’s stock valued at $1,615,000 after acquiring an additional 11,954 shares during the period. 75.21% of the stock is owned by hedge funds and other institutional investors.

Qualys Inc (NASDAQ:QLYS) traded up $2.70 during midday trading on Tuesday, reaching $62.60. The company had a trading volume of 797,600 shares, compared to its average volume of 209,627. The stock has a market cap of $2,271.38, a price-to-earnings ratio of 56.91, a P/E/G ratio of 4.80 and a beta of 1.02. Qualys Inc has a twelve month low of $33.75 and a twelve month high of $65.88.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $62.90 million during the quarter, compared to analyst estimates of $61.96 million. Qualys had a return on equity of 14.81% and a net margin of 19.76%. Qualys’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. sell-side analysts expect that Qualys Inc will post 0.65 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on QLYS shares. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Saturday, November 4th. Northland Securities set a $48.00 price target on Qualys and gave the company a “buy” rating in a research note on Wednesday, October 18th. Wells Fargo & Co set a $52.00 price target on Qualys and gave the company a “hold” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. downgraded Qualys from an “overweight” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Tuesday, December 12th. Finally, Needham & Company LLC began coverage on Qualys in a research note on Monday, October 23rd. They set a “buy” rating and a $65.00 target price for the company. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $58.75.

In other news, Chairman Philippe F. Courtot sold 40,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $57.99, for a total transaction of $2,319,600.00. Following the completion of the transaction, the chairman now owns 5,564,435 shares in the company, valued at approximately $322,681,585.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Amer Deeba sold 2,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $58.40, for a total value of $116,800.00. Following the transaction, the vice president now owns 66,644 shares of the company’s stock, valued at approximately $3,892,009.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 375,023 shares of company stock valued at $22,284,431. Insiders own 20.90% of the company’s stock.

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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.

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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