Connor Clark & Lunn Investment Management Ltd. Has $14.07 Million Holdings in Qualys, Inc. (NASDAQ:QLYS)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Qualys, Inc. (NASDAQ:QLYS) by 16.4% during the 4th quarter, HoldingsChannel reports. The fund owned 100,357 shares of the software maker’s stock after acquiring an additional 14,170 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Qualys were worth $14,072,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of QLYS. State of New Jersey Common Pension Fund D grew its stake in Qualys by 14.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 15,851 shares of the software maker’s stock worth $2,036,000 after buying an additional 2,010 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Qualys during the third quarter worth about $445,000. KBC Group NV grew its stake in Qualys by 21.6% during the third quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock worth $140,000 after buying an additional 194 shares in the last quarter. Natixis Advisors LLC grew its stake in Qualys by 6.5% during the third quarter. Natixis Advisors LLC now owns 29,428 shares of the software maker’s stock worth $3,780,000 after buying an additional 1,793 shares in the last quarter. Finally, RIA Advisory Group LLC acquired a new stake in Qualys during the third quarter worth about $200,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QLYS has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research note on Wednesday. Northland Securities restated a “market perform” rating and issued a $146.00 price target (down from $150.00) on shares of Qualys in a research note on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Finally, Canaccord Genuity Group reduced their price target on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $146.57.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 1,635 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $138.64, for a total transaction of $226,676.40. Following the completion of the sale, the chief financial officer now owns 112,017 shares of the company’s stock, valued at $15,530,036.88. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Bruce K. Posey sold 525 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $139.48, for a total transaction of $73,227.00. Following the sale, the insider now directly owns 65,373 shares of the company’s stock, valued at approximately $9,118,226.04. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,926 shares of company stock worth $3,745,742. 1.00% of the stock is currently owned by insiders.

Qualys Price Performance

Shares of NASDAQ QLYS opened at $121.57 on Friday. The company has a 50 day simple moving average of $136.84 and a 200 day simple moving average of $135.88. The firm has a market cap of $4.43 billion, a PE ratio of 26.14 and a beta of 0.56. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $174.20.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. As a group, research analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

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.