Qualys, Inc. $QLYS Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. lessened its stake in shares of Qualys, Inc. (NASDAQ:QLYS) by 52.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,700 shares of the software maker’s stock after selling 54,100 shares during the period. Cullinan Associates Inc. owned about 0.14% of Qualys worth $9,117,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of QLYS. BlackRock Inc. bought a new position in Qualys in the second quarter worth approximately $792,316,000. Legal & General Group Plc purchased a new position in Qualys during the 2nd quarter worth $197,624,000. Arrowstreet Capital Limited Partnership raised its position in Qualys by 127.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 832,796 shares of the software maker’s stock valued at $73,161,000 after purchasing an additional 465,952 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Qualys by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 763,099 shares of the software maker’s stock valued at $67,041,000 after purchasing an additional 45,718 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Qualys by 3.6% during the 1st quarter. Renaissance Technologies LLC now owns 497,600 shares of the software maker’s stock valued at $43,714,000 after purchasing an additional 17,300 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on QLYS shares. Weiss Ratings raised Qualys from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Piper Sandler raised their price target on Qualys from $100.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Zacks Research upgraded Qualys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Truist Financial upped their price objective on shares of Qualys from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley set a $200.00 price objective on shares of Qualys in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus target price of $185.87.

Insider Activity

In related news, insider Bruce Posey sold 881 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $189.52, for a total transaction of $166,967.12. Following the transaction, the insider directly owned 57,807 shares in the company, valued at approximately $10,955,582.64. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sumedh S. Thakar sold 3,200 shares of the business’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $190.36, for a total transaction of $609,152.00. Following the transaction, the chief executive officer owned 177,138 shares in the company, valued at $33,719,989.68. The trade was a 1.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,672 shares of company stock worth $2,192,747 over the last three months. Insiders own 0.72% of the company’s stock.

Qualys Stock Performance

Shares of QLYS stock opened at $190.41 on Friday. The stock’s fifty day moving average is $190.76 and its two-hundred day moving average is $136.71. The firm has a market capitalization of $6.59 billion, a P/E ratio of 32.94 and a beta of 0.54. Qualys, Inc. has a fifty-two week low of $74.51 and a fifty-two week high of $235.54.

Qualys Profile

Qualys, Inc is a cloud-based cybersecurity company that helps organizations identify, assess and manage security risks across information technology environments. Its platform is designed to provide visibility into assets, vulnerabilities, configurations and compliance requirements across on-premises infrastructure, endpoints, networks, applications and cloud environments.

The company’s offerings include vulnerability management, detection and response, policy compliance, asset inventory, web application security, endpoint security and cloud security capabilities.