Overview of Neuberger Berman's Recent Transaction
On October 31, 2024, Neuberger Berman Group LLC, a prominent investment firm, executed a significant transaction involving the shares of Qualys Inc (QLYS, Financial), a leader in cloud security. The firm reduced its holdings by 519,646 shares, resulting in a new total of 1,342,244 shares. This move reflects a -27.91% change in their position, impacting the firm's portfolio by a mere -0.05%. The shares were traded at a price of $119.24 each.
Profile of Neuberger Berman Group LLC
Neuberger Berman Group LLC, based at 1290 Avenue of the Americas, New York, NY, is a significant entity in the investment landscape, managing an equity portfolio worth approximately $121.8 billion. The firm's investment strategy is heavily inclined towards technology and financial services, with top holdings including giants like Apple Inc (AAPL, Financial), Amazon.com Inc (AMZN, Financial), and Microsoft Corp (MSFT, Financial).
About Qualys Inc
Qualys Inc, headquartered in the USA, is a pivotal provider of cloud security and compliance solutions. Since its IPO on September 28, 2012, Qualys has been dedicated to aiding businesses in managing security risks and compliance requirements. With a market capitalization of $4.71 billion and a robust customer base, Qualys continues to be a critical player in the software industry.
Impact of the Trade on Neuberger Berman’s Portfolio
The recent reduction in Qualys shares by Neuberger Berman marks a strategic adjustment in their portfolio, which now holds a 0.13% position in the company, translating to 3.65% of the total shares outstanding. This adjustment aligns with the firm's broader investment strategy and market movements.
Market Performance and Stock Analysis
Currently, Qualys Inc is trading at $128.04, which is modestly undervalued according to the GF Score of 88/100, indicating a good potential for outperformance. The stock has experienced a significant appreciation of 967% since its IPO and has a year-to-date performance of -33.27%. Despite recent declines, the stock's strong fundamentals, including a profitability rank of 10/10 and a growth rank of 10/10, suggest resilience and potential for recovery.
Broader Sector Insights and Future Outlook
Neuberger Berman’s interest in technology and financial services sectors is evident from its top holdings. Within the technology sector, software companies like Qualys are pivotal due to ongoing digital transformation trends. Looking ahead, analysts remain cautiously optimistic about Qualys, considering its solid financial health and market position. The future performance of Qualys will likely hinge on broader market conditions and its ability to stay ahead in the competitive cloud security landscape.
Other Major Stakeholders in Qualys Inc
Aside from Neuberger Berman, other notable investors in Qualys include Fisher Asset Management, LLC, Joel Greenblatt (Trades, Portfolio), and Jefferies Group (Trades, Portfolio). These stakeholders underscore the company's appeal to diverse investment strategies and its significance in the software sector.
Conclusion
Neuberger Berman Group LLC’s recent adjustment in its Qualys Inc holdings reflects a strategic positioning that aligns with broader market movements and its investment philosophy. As the market continues to evolve, the firm's adept adjustments in its investment portfolio will be crucial in navigating the dynamic financial landscape.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
