CDAM UK Ltd Acquires 38,509 Shares of Qualys, Inc. (NASDAQ:QLYS)

CDAM UK Ltd increased its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 502,913 shares of the software maker’s stock after purchasing an additional 38,509 shares during the quarter. Qualys makes up about 9.5% of CDAM UK Ltd’s investment portfolio, making the stock its 6th biggest holding. CDAM UK Ltd owned 1.37% of Qualys worth $64,604,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in QLYS. Millennium Management LLC raised its stake in shares of Qualys by 100.7% during the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after purchasing an additional 184,403 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Qualys by 95.7% in the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock valued at $40,771,000 after acquiring an additional 139,897 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of Qualys by 14.5% in the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after acquiring an additional 117,079 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Qualys during the 2nd quarter worth about $10,132,000. Finally, AQR Capital Management LLC raised its holdings in shares of Qualys by 25.6% in the 2nd quarter. AQR Capital Management LLC now owns 315,970 shares of the software maker’s stock valued at $44,994,000 after purchasing an additional 64,394 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Trading Up 2.1 %

Shares of QLYS stock opened at $153.37 on Monday. The stock has a market cap of $5.61 billion, a P/E ratio of 33.78 and a beta of 0.47. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $206.35. The stock has a 50 day simple moving average of $131.26 and a 200 day simple moving average of $134.81.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. Analysts forecast that Qualys, Inc. will post 4.34 EPS for the current year.

Insider Buying and Selling at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the completion of the transaction, the chief executive officer now directly owns 225,453 shares in the company, valued at $33,741,295.98. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Joo Mi Kim sold 634 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $122.19, for a total value of $77,468.46. Following the completion of the sale, the chief financial officer now directly owns 85,942 shares in the company, valued at approximately $10,501,252.98. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,919 shares of company stock valued at $2,993,000 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Needham & Company LLC started coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating for the company. Northland Securities reissued a “market perform” rating and set a $140.00 target price (down from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. TD Cowen lifted their price objective on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, DA Davidson increased their price objective on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $152.80.

Qualys Profile

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.