Fundsmith 13F: Cuts Qualys (QLYS) Stake by $58M

Fundsmith has significantly reduced its stake in Qualys, Inc. (NasdaqGS: QLYS), cutting its holdings by 65% according to its latest 13F filing with the SEC. The fund sold 421,729 shares, leaving it with 226,077 shares valued at approximately $25.1 million as of the reporting period ending March 31, 2026.

What Changed in Fundsmith's Qualys Position

Fundsmith's decision to cut its stake in Qualys, Inc. involved selling 421,729 shares. This reduction brought its total holdings down to 226,077 shares, a 65% decrease from the previous count of 647,806 shares. The remaining shares are valued at about $25.1 million.

Other Institutional Activity in Qualys

Several other institutional investors also made changes to their positions in Qualys. BlackRock, Inc. trimmed its holdings slightly by 12,500 shares, ending with 5,360,596 shares valued at approximately $470.9 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both made new entries, acquiring 2,537,126 and 1,584,606 shares, valued at $222.9 million and $139.2 million, respectively. State Street Corp increased its stake by 40,627 shares to a total of 1,388,720 shares worth about $122.0 million. Geode Capital Management, LLC and AQR Capital Management LLC also increased their positions, with Geode adding 64,907 shares and AQR adding 405,457 shares.

Qualys, Inc. Stock Down 28.6%

Shares of Qualys, Inc. (NasdaqGS: QLYS) recently traded at $111.24. The company has a market capitalization of approximately $3.92 billion, with a P/E ratio of 20.0 and a forward P/E of 13.5. The stock's 52-week range is between $74.51 and $155.47, and it has a beta of 0.651, indicating lower volatility compared to the broader market. Qualys also maintains a current ratio of 1.43 and a quick ratio of 1.32.

Recent Earnings

Qualys, Inc. reported revenues of $684.9 million, showing a growth of 9.8% year-over-year. The company achieved a net margin of 29.4% and a return on equity of 37.7%. Earnings per share were reported at $5.56. The next earnings report is scheduled for August 4, 2026.

Insider Buying and Selling at Qualys, Inc.

On June 10, 2026, several insiders at Qualys, Inc. purchased shares. Hank Jeffrey, Wendy Pfeiffer, Kristi Marie Rogers, Thomas Berquist, Bradford Brooks, and John Zangardi each acquired 2,628 shares. These transactions were not part of a pre-planned trading program.

Analysts Set New Price Targets

On May 7, 2026, Wedbush maintained its buy rating for Qualys, Inc. with a price target of $125. Canaccord Genuity also reiterated its buy rating with the same target on May 6. JP Morgan maintained a sell rating with a target of $87, while Scotiabank, RBC Capital, and Piper Sandler all held their hold ratings with varying targets.

About Qualys, Inc.

Qualys, Inc. is a technology company based in Foster City, California. It offers a cloud-based platform for IT security and compliance solutions. The company's solutions include cybersecurity asset management, vulnerability management, and cloud security posture management. Qualys serves businesses across various sectors, including education, finance, healthcare, and government.

Bottom Line

Fundsmith's reduction in its Qualys, Inc. stake reflects a significant shift in its investment strategy. Investors often track such changes to gauge market sentiment, but it's important to remember that 13F filings are historical and may not indicate current positions. With a mixed analyst outlook and upcoming earnings, Qualys remains a company to watch in the technology sector.