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

CDAM UK Ltd raised its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 owned about 1.37% of Qualys worth $64,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of QLYS. Financial Enhancement Group LLC raised its position in Qualys by 1.5% in the third quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker's stock valued at $784,000 after purchasing an additional 91 shares during the period. Bank of Montreal Can lifted its position in Qualys by 2.2% in the second quarter. Bank of Montreal Can now owns 4,896 shares of the software maker's stock valued at $699,000 after buying an additional 107 shares during the last quarter. Legacy Advisors LLC boosted its stake in Qualys by 1.4% during the second quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker's stock worth $1,180,000 after buying an additional 113 shares during the period. Advisors Asset Management Inc. increased its position in shares of Qualys by 8.1% during the first quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker's stock valued at $281,000 after acquiring an additional 126 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Qualys by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker's stock valued at $6,622,000 after purchasing an additional 127 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey P. Hank sold 4,000 shares of Qualys stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $146.31, for a total transaction of $585,240.00. Following the completion of the sale, the director now directly owns 12,666 shares in the company, valued at approximately $1,853,162.46. The trade was a 24.00 % 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 over the last quarter. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on QLYS shares. Needham & Company LLC assumed coverage on Qualys in a research note on Wednesday, November 6th. They issued a "hold" rating for the company. StockNews.com downgraded Qualys from a "buy" rating to a "hold" rating in a research report on Saturday, August 3rd. Royal Bank of Canada raised their price objective on shares of Qualys from $150.00 to $162.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. Jefferies Financial Group upped their target price on shares of Qualys from $135.00 to $155.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Finally, DA Davidson raised their price target 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 equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Qualys currently has an average rating of "Hold" and an average target price of $152.80.

Qualys Price Performance

Shares of QLYS stock traded up $3.07 during trading hours on Monday, hitting $156.44. The stock had a trading volume of 521,811 shares, compared to its average volume of 444,718. The firm has a market capitalization of $5.72 billion, a PE ratio of 34.52 and a beta of 0.47. The stock's 50 day moving average is $131.26 and its 200 day moving average is $134.70. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share 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 firm had revenue of $153.87 million during the quarter, compared to analysts' expectations of $150.74 million. During the same quarter in the prior year, the business earned $1.24 EPS. Qualys's quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts predict that Qualys, Inc. will post 4.34 earnings per share for the current year.

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.