Graham Capital Management L.P. Grows Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Graham Capital Management L.P. raised its position in Qualys, Inc. (NASDAQ:QLYSGet Rating) by 99.8% during the first quarter, Holdings Channel.com reports. The fund owned 8,219 shares of the software maker’s stock after purchasing an additional 4,106 shares during the quarter. Graham Capital Management L.P.’s holdings in Qualys were worth $1,170,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QLYS. Millennium Management LLC boosted its stake in shares of Qualys by 278.7% during the 4th quarter. Millennium Management LLC now owns 276,789 shares of the software maker’s stock valued at $37,981,000 after purchasing an additional 203,699 shares in the last quarter. Pictet Asset Management SA boosted its stake in shares of Qualys by 113.8% during the 4th quarter. Pictet Asset Management SA now owns 347,794 shares of the software maker’s stock valued at $47,724,000 after purchasing an additional 185,141 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Qualys by 154.1% during the 4th quarter. Epoch Investment Partners Inc. now owns 193,936 shares of the software maker’s stock valued at $26,612,000 after purchasing an additional 117,601 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Qualys by 149.8% during the 4th quarter. TD Asset Management Inc. now owns 190,696 shares of the software maker’s stock valued at $26,167,000 after purchasing an additional 114,361 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Qualys during the 4th quarter valued at about $15,996,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on QLYS. Northland Securities lifted their target price on shares of Qualys from $138.00 to $142.00 in a research note on Tuesday, August 9th. DA Davidson boosted their price objective on shares of Qualys to $135.00 in a research note on Monday, August 15th. Royal Bank of Canada boosted their price objective on shares of Qualys from $145.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Wolfe Research boosted their price objective on shares of Qualys from $145.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. Finally, Morgan Stanley boosted their price objective on shares of Qualys from $113.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $141.25.

Insider Activity

In other news, insider Bruce K. Posey sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $123.84, for a total transaction of $309,600.00. Following the completion of the transaction, the insider now directly owns 62,927 shares of the company’s stock, valued at $7,792,879.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qualys news, insider Bruce K. Posey sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $123.84, for a total transaction of $309,600.00. Following the completion of the sale, the insider now directly owns 62,927 shares of the company’s stock, valued at $7,792,879.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Allan Peters sold 2,711 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $143.33, for a total transaction of $388,567.63. Following the sale, the executive now directly owns 24,622 shares of the company’s stock, valued at $3,529,071.26. The disclosure for this sale can be found here. Insiders sold 42,387 shares of company stock valued at $5,802,776 over the last three months. Insiders own 1.40% of the company’s stock.

Qualys Stock Performance

Shares of Qualys stock opened at $159.85 on Monday. The stock has a market capitalization of $6.13 billion, a PE ratio of 62.44 and a beta of 0.61. Qualys, Inc. has a 52-week low of $106.48 and a 52-week high of $160.82. The company has a 50-day simple moving average of $138.86 and a two-hundred day simple moving average of $134.01.

Qualys (NASDAQ:QLYSGet Rating) last issued its earnings results on Monday, August 8th. The software maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.09. Qualys had a net margin of 22.68% and a return on equity of 24.17%. The business had revenue of $119.89 million during the quarter, compared to analysts’ expectations of $117.52 million. During the same period in the previous year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. As a group, equities research analysts forecast that Qualys, Inc. will post 2.46 EPS for the current fiscal year.

Qualys Company Profile

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Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

See Also

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:QLYSGet Rating).

Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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