Connor Clark & Lunn Investment Management Ltd. Buys 58,252 Shares of Qualys, Inc. (NASDAQ:QLYS)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 208.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,187 shares of the software maker’s stock after purchasing an additional 58,252 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.24% of Qualys worth $11,072,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in QLYS. First Horizon Advisors Inc. boosted its position in Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after buying an additional 168 shares during the period. UMB Bank n.a. grew its position in shares of Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after buying an additional 143 shares during the last quarter. Quarry LP bought a new position in shares of Qualys during the second quarter valued at approximately $40,000. DT Investment Partners LLC purchased a new stake in Qualys in the second quarter worth $41,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after buying an additional 223 shares during the period. 99.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey P. Hank sold 4,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $146.31, for a total value of $585,240.00. Following the completion of the sale, the director now directly owns 12,666 shares in the company, valued at $1,853,162.46. This trade represents a 24.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at $22,493,851.29. The trade was a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,919 shares of company stock valued at $2,993,000 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Qualys Price Performance

QLYS stock opened at $150.18 on Friday. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $206.35. The business has a 50 day simple moving average of $130.20 and a two-hundred day simple moving average of $135.04. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 33.08 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. The business had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. Sell-side analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Northland Securities reissued a “market perform” rating and set a $140.00 price objective (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. DA Davidson raised their price objective on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Needham & Company LLC started coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating on the stock. Royal Bank of Canada boosted their target price on Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Finally, Piper Sandler dropped their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $152.80.

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.