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

CDAM UK Ltd grew its holdings in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 21.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 611,793 shares of the software maker's stock after acquiring an additional 108,880 shares during the quarter. Qualys comprises approximately 12.9% of CDAM UK Ltd's holdings, making the stock its largest position. CDAM UK Ltd owned approximately 1.67% of Qualys worth $85,786,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Qualys during the fourth quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new stake in Qualys in the 4th quarter valued at about $39,000. Fifth Third Bancorp grew its stake in shares of Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after purchasing an additional 99 shares during the last quarter. Quarry LP grew its stake in shares of Qualys by 56.2% in the 3rd quarter. Quarry LP now owns 439 shares of the software maker's stock worth $56,000 after purchasing an additional 158 shares during the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in Qualys during the fourth quarter valued at approximately $91,000. Institutional investors and hedge funds own 99.31% of the company's stock.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 524 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $129.38, for a total value of $67,795.12. Following the sale, the insider now owns 65,053 shares of the company's stock, valued at $8,416,557.14. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $142.17, for a total value of $995,190.00. Following the transaction, the chief executive officer now owns 246,144 shares of the company's stock, valued at approximately $34,994,292.48. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,122 shares of company stock worth $3,484,692. 1.00% of the stock is owned by insiders.

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Analyst Ratings Changes

Several research analysts have issued reports on the company. Loop Capital dropped their price target on Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, February 7th. StockNews.com downgraded Qualys from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Northland Securities reissued a "market perform" rating and issued a $146.00 price target (down previously from $150.00) on shares of Qualys in a research note on Monday, February 10th. Royal Bank of Canada reduced their price objective on shares of Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Finally, Scotiabank dropped their target price on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Qualys presently has an average rating of "Hold" and a consensus price target of $144.36.

Qualys Stock Performance

Shares of Qualys stock traded down $2.71 during trading on Thursday, hitting $123.02. 155,101 shares of the stock traded hands, compared to its average volume of 397,761. The stock has a market cap of $4.49 billion, a P/E ratio of 26.37 and a beta of 0.71. The company has a fifty day moving average price of $131.41 and a two-hundred day moving average price of $136.15. Qualys, Inc. has a twelve month low of $112.61 and a twelve month high of $174.20.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data 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 net margin of 28.59% and a return on equity of 38.52%. On average, equities research analysts expect that Qualys, Inc. will post 3.85 EPS 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.