Cullinan Associates Inc. Has $14.42 Million Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Cullinan Associates Inc. lessened its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,800 shares of the software maker’s stock after selling 955 shares during the quarter. Qualys makes up 0.9% of Cullinan Associates Inc.’s investment portfolio, making the stock its 29th largest holding. Cullinan Associates Inc. owned 0.28% of Qualys worth $14,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Point Inc. bought a new position in shares of Qualys in the 4th quarter valued at approximately $376,000. Boston Trust Walden Corp lifted its position in Qualys by 13.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock worth $147,178,000 after purchasing an additional 123,530 shares during the period. Willis Investment Counsel boosted its position in shares of Qualys by 4.5% during the 4th quarter. Willis Investment Counsel now owns 10,629 shares of the software maker’s stock valued at $1,490,000 after acquiring an additional 457 shares in the last quarter. Norris Perne & French LLP MI grew its stake in shares of Qualys by 0.8% in the 4th quarter. Norris Perne & French LLP MI now owns 114,700 shares of the software maker’s stock valued at $16,083,000 after purchasing an additional 882 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in Qualys by 62.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 52,024 shares of the software maker’s stock valued at $7,295,000 after acquiring an additional 20,000 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Stock Up 1.7 %

Shares of NASDAQ QLYS opened at $141.73 on Tuesday. The company has a market capitalization of $5.19 billion, a PE ratio of 31.22 and a beta of 0.56. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $184.04. The firm has a fifty day simple moving average of $144.12 and a 200 day simple moving average of $135.59.

Qualys (NASDAQ:QLYS) last posted its 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. The company had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 EPS. As a group, equities analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current fiscal year.

Insider Activity at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the sale, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at $30,321,173.97. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bruce K. Posey sold 8,555 shares of Qualys stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the sale, the insider now directly owns 64,032 shares of the company’s stock, valued at $9,900,627.84. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,259 shares of company stock valued at $4,578,153. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

QLYS has been the topic of several recent research reports. Morgan Stanley raised their price target on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. DA Davidson boosted their price objective 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. Royal Bank of Canada raised their price objective on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Truist Financial upped their price target on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, TD Cowen lifted their target price on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.