Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Qualys Inc (NASDAQ:QLYS) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,332 shares of the software maker’s stock after selling 10,781 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Qualys were worth $1,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Neuberger Berman Group LLC lifted its stake in Qualys by 23.8% in the third quarter. Neuberger Berman Group LLC now owns 2,802,385 shares of the software maker’s stock worth $145,164,000 after acquiring an additional 538,305 shares during the period. Vanguard Group Inc. lifted its stake in Qualys by 2.9% in the second quarter. Vanguard Group Inc. now owns 1,589,636 shares of the software maker’s stock worth $64,857,000 after acquiring an additional 45,421 shares during the period. Bamco Inc. NY lifted its stake in Qualys by 9.2% in the third quarter. Bamco Inc. NY now owns 831,600 shares of the software maker’s stock worth $43,077,000 after acquiring an additional 70,000 shares during the period. State Street Corp lifted its stake in Qualys by 12.9% in the second quarter. State Street Corp now owns 721,149 shares of the software maker’s stock worth $29,421,000 after acquiring an additional 82,251 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Qualys by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 637,482 shares of the software maker’s stock worth $26,009,000 after acquiring an additional 43,462 shares during the period. Hedge funds and other institutional investors own 75.21% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Qualys from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target (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. Summit Redstone raised shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Qualys in a research report on Friday, October 27th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Qualys currently has a consensus rating of “Hold” and a consensus target price of $62.83.

Shares of Qualys Inc (QLYS) opened at $67.30 on Wednesday. The company has a market cap of $2,373.76, a PE ratio of 47.42, a price-to-earnings-growth ratio of 5.02 and a beta of 1.02. Qualys Inc has a 1 year low of $33.75 and a 1 year high of $67.95.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 17.52% and a return on equity of 17.20%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share. analysts anticipate that Qualys Inc will post 0.73 EPS for the current fiscal year.

In related news, CEO Philippe F. Courtot sold 20,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $61.54, for a total value of $1,230,800.00. Following the completion of the transaction, the chief executive officer now directly owns 5,564,435 shares of the company’s stock, valued at approximately $342,435,329.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Philippe F. Courtot sold 40,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were 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 directly owns 5,564,435 shares of the company’s stock, valued at $322,681,585.65. The disclosure for this sale can be found here. Insiders sold a total of 375,023 shares of company stock valued at $22,284,431 over the last ninety days. 20.90% of the stock is currently owned by insiders.

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About Qualys

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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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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