Qualys, Inc. (NASDAQ:QLYS) Position Raised by Cullinan Associates Inc.

Cullinan Associates Inc. raised its stake in Qualys, Inc. (NASDAQ:QLYS) by 78.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 103,755 shares of the software maker’s stock after buying an additional 45,675 shares during the quarter. Cullinan Associates Inc. owned approximately 0.28% of Qualys worth $17,314,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Qualys in the fourth quarter valued at $30,000. Rise Advisors LLC acquired a new position in shares of Qualys during the first quarter valued at $26,000. Sound Income Strategies LLC increased its holdings in shares of Qualys by 545.2% during the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after purchasing an additional 169 shares during the period. Blue Trust Inc. increased its holdings in shares of Qualys by 218.2% during the fourth quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock valued at $41,000 after purchasing an additional 144 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Qualys by 24.9% during the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock valued at $57,000 after purchasing an additional 58 shares during the period. 99.31% of the stock is currently owned by institutional investors.

Qualys Stock Performance

Shares of NASDAQ QLYS traded up $1.37 during trading hours on Tuesday, hitting $143.65. The stock had a trading volume of 48,012 shares, compared to its average volume of 458,204. The company has a market capitalization of $5.31 billion, a P/E ratio of 32.94 and a beta of 0.49. The firm’s 50-day moving average price is $147.41 and its two-hundred day moving average price is $167.09. Qualys, Inc. has a 52 week low of $122.53 and a 52 week high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, beating the consensus estimate of $0.88 by $0.17. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The business had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $145.67 million. As a group, analysts expect that Qualys, Inc. will post 3.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on QLYS. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a report on Monday, May 13th. Truist Financial lowered their price target on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Scotiabank began coverage on Qualys in a report on Friday, April 26th. They set a “sector perform” rating and a $172.00 price target on the stock. TD Cowen began coverage on shares of Qualys in a research report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price target on the stock. Finally, Robert W. Baird dropped their price target on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $162.23.

Insider Buying and Selling

In related news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total value of $179,736.20. Following the completion of the sale, the insider now directly owns 59,286 shares in the company, valued at approximately $8,011,910.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total value of $179,736.20. Following the completion of the sale, the insider now directly owns 59,286 shares in the company, valued at approximately $8,011,910.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 4,034 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $163.96, for a total value of $661,414.64. Following the completion of the sale, the chief executive officer now owns 193,608 shares of the company’s stock, valued at $31,743,967.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,443 shares of company stock worth $4,148,987. 1.00% of the stock is currently owned by insiders.

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.