CDAM UK Ltd Grows Holdings in Qualys, Inc. (NASDAQ:QLYS)

CDAM UK Ltd boosted its holdings in Qualys, Inc. (NASDAQ:QLYS) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 502,913 shares of the software maker’s stock after buying an additional 38,509 shares during the quarter. Qualys makes up approximately 9.5% of CDAM UK Ltd’s investment portfolio, making the stock its 6th largest position. CDAM UK Ltd’s holdings in Qualys were worth $64,604,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its stake in shares of Qualys by 13.4% in the third quarter. Fisher Asset Management LLC now owns 185,277 shares of the software maker’s stock worth $23,801,000 after acquiring an additional 21,924 shares during the period. Larson Financial Group LLC lifted its holdings in Qualys by 29.6% in the third quarter. Larson Financial Group LLC now owns 1,809 shares of the software maker’s stock valued at $232,000 after buying an additional 413 shares during the period. Penserra Capital Management LLC lifted its holdings in Qualys by 8.3% in the third quarter. Penserra Capital Management LLC now owns 373,995 shares of the software maker’s stock valued at $48,043,000 after buying an additional 28,802 shares during the period. Citigroup Inc. boosted its position in Qualys by 40.8% during the third quarter. Citigroup Inc. now owns 60,146 shares of the software maker’s stock valued at $7,726,000 after acquiring an additional 17,440 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Qualys during the 3rd quarter worth about $252,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Price Performance

QLYS opened at $153.37 on Monday. The firm’s fifty day moving average price is $131.26 and its two-hundred day moving average price is $134.81. The company has a market capitalization of $5.61 billion, a price-to-earnings 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.

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

Analyst Ratings Changes

QLYS has been the topic of several research analyst reports. Wedbush cut their target price on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Scotiabank cut their price objective on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Wolfe Research upgraded Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Northland Securities reaffirmed a “market perform” rating and set a $140.00 price target (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Finally, Canaccord Genuity Group increased their price target on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Qualys presently has a consensus rating of “Hold” and an average price target of $152.80.

Insider Activity

In related news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 2.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 225,453 shares of the company’s stock, valued at approximately $33,741,295.98. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,919 shares of company stock valued at $2,993,000 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Qualys Company 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.