Qualys, Inc. (NASDAQ:QLYS) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in Qualys, Inc. (NASDAQ:QLYS) by 208.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 86,187 shares of the software maker’s stock after purchasing an additional 58,252 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Qualys were worth $11,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its holdings in Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after acquiring an additional 168 shares during the period. UMB Bank n.a. raised its position in Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after acquiring an additional 143 shares during the period. Quarry LP purchased a new position in Qualys during the second quarter valued at $40,000. DT Investment Partners LLC purchased a new stake in shares of Qualys during the second quarter worth about $41,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Stock Performance

QLYS opened at $150.18 on Friday. The stock has a market capitalization of $5.50 billion, a PE ratio of 33.08 and a beta of 0.47. Qualys, Inc. has a one year low of $119.17 and a one year high of $206.35. The business’s 50 day moving average price is $130.20 and its 200 day moving average price is $135.04.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.33 by $0.23. The firm 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 business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 EPS. As a group, equities research analysts forecast that Qualys, Inc. will post 4.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QLYS. Canaccord Genuity Group lifted their price objective on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Northland Securities reaffirmed a “market perform” rating and issued a $140.00 price target (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Morgan Stanley increased their price objective on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Wedbush dropped their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson raised their price target on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $152.80.

Insiders Place Their Bets

In other news, Director Jeffrey P. Hank sold 4,000 shares of the 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 sale, the director now directly owns 12,666 shares in the company, valued at approximately $1,853,162.46. This trade represents a 24.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at $6,885,508.40. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,919 shares of company stock worth $2,993,000 over the last three months. Company insiders own 1.00% of the company’s stock.

Qualys 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.