Cullinan Associates Inc. Acquires New Holdings in Qualys, Inc. (NASDAQ:QLYS)

Cullinan Associates Inc. bought a new stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 58,080 shares of the software maker's stock, valued at approximately $11,400,000. Cullinan Associates Inc. owned about 0.16% of Qualys at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of QLYS. Invesco Ltd. lifted its holdings in shares of Qualys by 46.9% in the 3rd quarter. Invesco Ltd. now owns 250,661 shares of the software maker's stock worth $38,238,000 after acquiring an additional 80,079 shares during the last quarter. Burney Co. raised its holdings in Qualys by 15.9% during the 3rd quarter. Burney Co. now owns 83,984 shares of the software maker's stock valued at $12,812,000 after buying an additional 11,496 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Qualys by 59.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 109,447 shares of the software maker's stock valued at $16,696,000 after buying an additional 40,779 shares during the last quarter. Graham Capital Management L.P. bought a new stake in Qualys during the 3rd quarter valued at $1,329,000. Finally, Schroder Investment Management Group raised its holdings in Qualys by 24.1% during the 3rd quarter. Schroder Investment Management Group now owns 89,802 shares of the software maker's stock valued at $13,699,000 after buying an additional 17,456 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Qualys Stock Up 0.6 %

Shares of NASDAQ:QLYS traded up $0.97 during midday trading on Friday, reaching $164.84. The company's stock had a trading volume of 315,392 shares, compared to its average volume of 475,823. The firm has a 50 day moving average of $169.80 and a 200-day moving average of $174.26. The firm has a market capitalization of $6.10 billion, a P/E ratio of 40.80 and a beta of 0.51. Qualys, Inc. has a 12-month low of $107.00 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.26. The firm had revenue of $144.57 million for the quarter, compared to the consensus estimate of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. On average, research analysts predict that Qualys, Inc. will post 3.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QLYS. Royal Bank of Canada lowered their price target on shares of Qualys from $212.00 to $180.00 and set a "sector perform" rating for the company in a report on Thursday, February 8th. Truist Financial upped their price target on shares of Qualys from $145.00 to $175.00 and gave the company a "hold" rating in a report on Tuesday, January 16th. StockNews.com downgraded shares of Qualys from a "buy" rating to a "hold" rating in a research report on Friday. Wedbush reduced their price objective on shares of Qualys from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Thursday, February 8th. Finally, TD Cowen began coverage on shares of Qualys in a research report on Tuesday, March 26th. They set a "market perform" rating and a $170.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Qualys has a consensus rating of "Hold" and a consensus target price of $153.23.

Insider Buying and Selling

In related news, CEO Sumedh S. Thakar sold 5,005 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $192.05, for a total value of $961,210.25. Following the transaction, the chief executive officer now owns 182,213 shares in the company, valued at approximately $34,994,006.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,430 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total transaction of $235,821.30. Following the transaction, the insider now owns 63,057 shares in the company, valued at approximately $10,398,729.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 5,005 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $192.05, for a total transaction of $961,210.25. Following the transaction, the chief executive officer now owns 182,213 shares in the company, valued at approximately $34,994,006.65. The disclosure for this sale can be found here. Insiders have sold a total of 13,408 shares of company stock worth $2,396,051 in the last quarter. Corporate insiders own 1.20% of the company's stock.

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.

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