Qualys, Inc. (NASDAQ:QLYS) Shares Acquired by CDAM UK Ltd

CDAM UK Ltd boosted its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 611,793 shares of the software maker’s stock after acquiring an additional 108,880 shares during the period. Qualys accounts for 12.9% of CDAM UK Ltd’s investment portfolio, making the stock its biggest holding. CDAM UK Ltd owned approximately 1.67% of Qualys worth $85,786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Qualys in the 4th quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Qualys during the fourth quarter valued at about $39,000. Fifth Third Bancorp lifted its stake in shares of Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after buying an additional 99 shares during the period. Quarry LP grew its position in Qualys by 56.2% during the third quarter. Quarry LP now owns 439 shares of the software maker’s stock worth $56,000 after buying an additional 158 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new position in Qualys during the fourth quarter valued at about $91,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Trading Down 3.8 %

NASDAQ:QLYS opened at $118.59 on Friday. The stock has a 50-day moving average price of $133.80 and a two-hundred day moving average price of $136.31. Qualys, Inc. has a 1 year low of $116.67 and a 1 year high of $174.20. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 25.50 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. Sell-side analysts forecast that Qualys, Inc. will post 3.85 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Bruce K. Posey sold 524 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $129.38, for a total value of $67,795.12. Following the completion of the sale, the insider now directly owns 65,053 shares in the company, valued at $8,416,557.14. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joo Mi Kim sold 1,635 shares of Qualys stock in a transaction on Monday, January 6th. The stock was sold at an average price of $138.64, for a total value of $226,676.40. Following the sale, the chief financial officer now directly owns 112,017 shares of the company’s stock, valued at $15,530,036.88. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,595 shares of company stock worth $3,691,922 over the last three months. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on QLYS. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a research note on Friday. Loop Capital cut their price target on shares of Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 7th. Jefferies Financial Group decreased their price objective on shares of Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Canaccord Genuity Group cut their target price on shares of Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Northland Securities restated a “market perform” rating and set a $146.00 price target (down from $150.00) on shares of Qualys in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $144.36.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.