DF Dent & Co. Inc. acquired a new stake in Qualys Inc (NASDAQ:QLYS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 123,500 shares of the software maker’s stock, valued at approximately $7,330,000. DF Dent & Co. Inc. owned about 0.33% of Qualys as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new position in shares of Qualys in the 4th quarter valued at about $881,000. Macquarie Group Ltd. increased its holdings in shares of Qualys by 600.0% in the 4th quarter. Macquarie Group Ltd. now owns 8,400 shares of the software maker’s stock valued at $499,000 after acquiring an additional 7,200 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Qualys in the 4th quarter valued at about $219,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Qualys by 125.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,516 shares of the software maker’s stock valued at $150,000 after purchasing an additional 1,400 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Qualys in the 4th quarter valued at about $937,000. Institutional investors and hedge funds own 79.47% of the company’s stock.
A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Qualys in a research report on Tuesday, March 6th. First Analysis reissued a “weight” rating and issued a $80.00 target price (up from $70.00) on shares of Qualys in a research report on Friday, February 23rd. Imperial Capital reissued an “outperform” rating and issued a $83.00 target price (up from $62.00) on shares of Qualys in a research report on Thursday, February 22nd. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $78.00 target price for the company in a research report on Friday, February 16th. Finally, BidaskClub raised Qualys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 15th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $68.92.
In other Qualys news, VP Amer Deeba sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $60.65, for a total transaction of $121,300.00. Following the completion of the sale, the vice president now directly owns 66,644 shares of the company’s stock, valued at approximately $4,041,958.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bruce K. Posey sold 28,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $67.51, for a total value of $1,890,280.00. Following the transaction, the vice president now directly owns 60,997 shares of the company’s stock, valued at $4,117,907.47. The disclosure for this sale can be found here. Insiders have sold a total of 57,801 shares of company stock valued at $3,863,839 over the last ninety days. 20.90% of the stock is owned by insiders.
Shares of Qualys Inc (NASDAQ:QLYS) opened at $74.80 on Tuesday. Qualys Inc has a 1 year low of $34.67 and a 1 year high of $79.40. The firm has a market capitalization of $2,875.89, a P/E ratio of 73.33, a price-to-earnings-growth ratio of 5.09 and a beta of 0.81.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Monday, February 12th. The software maker reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The company had revenue of $62.90 million during the quarter, compared to analysts’ expectations of $61.96 million. During the same period last year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. research analysts predict that Qualys Inc will post 0.86 EPS for the current year.
Qualys declared that its Board of Directors has initiated a share repurchase program on Monday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
ILLEGAL ACTIVITY NOTICE: “DF Dent & Co. Inc. Invests $7.33 Million in Qualys Inc (QLYS)” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/20/df-dent-co-inc-invests-7-33-million-in-qualys-inc-qlys.html.
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.
Want to see what other hedge funds are holding QLYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualys Inc (NASDAQ:QLYS).
Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.