Two Sigma Investments LP purchased a new stake in Qualys Inc (NASDAQ:QLYS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 130,910 shares of the software maker’s stock, valued at approximately $7,770,000. Two Sigma Investments LP owned approximately 0.35% of Qualys as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Stanley Laman Group Ltd. increased its position in shares of Qualys by 0.6% in the fourth quarter. Stanley Laman Group Ltd. now owns 148,549 shares of the software maker’s stock valued at $8,816,000 after buying an additional 866 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Qualys by 7.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the software maker’s stock valued at $813,000 after buying an additional 900 shares in the last quarter. Sawgrass Asset Management LLC increased its position in shares of Qualys by 20.7% in the fourth quarter. Sawgrass Asset Management LLC now owns 6,315 shares of the software maker’s stock valued at $375,000 after buying an additional 1,085 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Qualys by 6.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 18,558 shares of the software maker’s stock valued at $1,101,000 after buying an additional 1,101 shares in the last quarter. Finally, Aperio Group LLC increased its position in shares of Qualys by 7.8% in the third quarter. Aperio Group LLC now owns 16,133 shares of the software maker’s stock valued at $836,000 after buying an additional 1,164 shares in the last quarter. Institutional investors and hedge funds own 79.47% of the company’s stock.
Shares of QLYS stock opened at $76.65 on Wednesday. The company has a market capitalization of $2,889.41, a price-to-earnings ratio of 56.67, a P/E/G ratio of 5.12 and a beta of 0.81. Qualys Inc has a 52 week low of $34.67 and a 52 week high of $79.40.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, beating 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 business had revenue of $62.90 million for the quarter, compared to analyst estimates of $61.96 million. During the same quarter last year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. research analysts predict that Qualys Inc will post 0.86 earnings per share for the current fiscal year.
Qualys announced that its Board of Directors has initiated a share repurchase program on Monday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the software maker to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other Qualys news, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $60.65, for a total value of $121,300.00. Following the sale, the vice president now directly owns 66,644 shares of the company’s stock, valued at approximately $4,041,958.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kristi Marie Rogers sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $71.87, for a total value of $718,700.00. Following the completion of the sale, the director now directly owns 21,155 shares in the company, valued at $1,520,409.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,801 shares of company stock worth $3,863,839. 20.90% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Qualys in a research report on Tuesday, March 6th. First Analysis restated a “weight” rating and issued a $80.00 price target (up previously from $70.00) on shares of Qualys in a research report on Friday, February 23rd. Imperial Capital reaffirmed an “outperform” rating and set a $83.00 price objective (up previously from $62.00) on shares of Qualys in a research note on Thursday, February 22nd. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective on the stock in a research note on Friday, February 16th. Finally, BidaskClub raised Qualys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 15th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $68.92.
COPYRIGHT VIOLATION WARNING: “Two Sigma Investments LP Takes Position in Qualys Inc (QLYS)” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/03/21/two-sigma-investments-lp-takes-position-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.
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.