Cullinan Associates Inc. Trims Position in Qualys, Inc. (NASDAQ:QLYS)

Cullinan Associates Inc. trimmed its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 102,800 shares of the software maker’s stock after selling 955 shares during the period. Qualys makes up approximately 0.9% of Cullinan Associates Inc.’s portfolio, making the stock its 29th largest holding. Cullinan Associates Inc.’s holdings in Qualys were worth $14,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in shares of Qualys by 1,386.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker’s stock valued at $49,876,000 after purchasing an additional 331,766 shares during the last quarter. Boston Trust Walden Corp increased its stake in Qualys by 13.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock worth $147,178,000 after acquiring an additional 123,530 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Qualys by 208.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after acquiring an additional 58,252 shares during the last quarter. Barclays PLC increased its position in shares of Qualys by 101.8% during the 3rd quarter. Barclays PLC now owns 112,214 shares of the software maker’s stock valued at $14,415,000 after purchasing an additional 56,613 shares during the last quarter. Finally, CDAM UK Ltd raised its holdings in shares of Qualys by 8.3% in the third quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock worth $64,604,000 after buying an additional 38,509 shares during the period. Institutional investors own 99.31% of the company’s stock.

Qualys Trading Up 1.7 %

Qualys stock opened at $141.73 on Tuesday. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $184.04. The stock has a market cap of $5.19 billion, a P/E ratio of 31.22 and a beta of 0.56. The company has a fifty day simple moving average of $144.12 and a 200-day simple moving average of $135.59.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. DA Davidson lifted their target price on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Needham & Company LLC initiated coverage on Qualys in a research report on Wednesday, November 6th. They set a “hold” rating on the stock. Finally, Truist Financial boosted their target price on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Three 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $152.80.

Insider Activity at Qualys

In other news, CFO Joo Mi Kim sold 1,332 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $157.37, for a total transaction of $209,616.84. Following the completion of the sale, the chief financial officer now directly owns 113,652 shares in the company, valued at $17,885,415.24. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce K. Posey sold 855 shares of Qualys stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $142.24, for a total value of $121,615.20. Following the completion of the transaction, the insider now owns 63,177 shares of the company’s stock, valued at $8,986,296.48. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,259 shares of company stock valued at $4,578,153. Insiders own 1.00% of the company’s stock.

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.