Deutsche Bank AG Increases Position in Q2 Holdings, Inc. (NYSE:QTWO)

Deutsche Bank AG grew its position in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 47.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,009 shares of the technology company's stock after buying an additional 18,346 shares during the period. Deutsche Bank AG owned 0.09% of Q2 worth $5,738,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Q2 during the 4th quarter valued at $4,258,000. Bridgefront Capital LLC purchased a new stake in Q2 during the 4th quarter valued at about $215,000. Caxton Associates LP purchased a new stake in Q2 in the 4th quarter worth approximately $287,000. BNP Paribas Financial Markets lifted its holdings in Q2 by 364.4% in the 4th quarter. BNP Paribas Financial Markets now owns 142,666 shares of the technology company's stock worth $14,359,000 after buying an additional 111,946 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Q2 by 105.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock valued at $101,937,000 after purchasing an additional 520,649 shares during the period.

Q2 Price Performance

NYSE:QTWO traded down $0.09 on Friday, reaching $87.22. 100,058 shares of the company's stock traded hands, compared to its average volume of 646,234. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a 50-day simple moving average of $80.27 and a 200-day simple moving average of $90.51. The firm has a market cap of $5.43 billion, a PE ratio of -134.17 and a beta of 1.47. Q2 Holdings, Inc. has a 12 month low of $55.97 and a 12 month high of $112.82.

Insider Transactions at Q2

In other Q2 news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the sale, the director now directly owns 17,241 shares of the company's stock, valued at $1,516,518.36. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jonathan Price sold 42,652 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total value of $3,172,029.24. Following the sale, the chief financial officer now directly owns 209,378 shares in the company, valued at $15,571,441.86. The trade was a 16.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 194,255 shares of company stock valued at $14,890,846. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on QTWO shares. Citigroup raised their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Needham & Company LLC lowered their target price on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Truist Financial restated a "buy" rating and issued a $110.00 target price (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Robert W. Baird raised their price objective on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group reduced their price objective on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $98.80.

Q2 Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.