Bridgewater Associates LP Has $4.99 Million Stock Position in Qualys, Inc. (NASDAQ:QLYS)

Bridgewater Associates LP lessened its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 18.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,834 shares of the software maker’s stock after selling 8,593 shares during the period. Bridgewater Associates LP owned 0.11% of Qualys worth $4,989,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of QLYS. Millennium Management LLC lifted its holdings in Qualys by 100.7% during the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after buying an additional 184,403 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Qualys by 95.7% in the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock worth $40,771,000 after acquiring an additional 139,897 shares during the period. Boston Trust Walden Corp boosted its holdings in Qualys by 14.5% in the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after acquiring an additional 117,079 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in Qualys during the 2nd quarter valued at approximately $10,132,000. Finally, AQR Capital Management LLC raised its holdings in Qualys by 25.6% during the 2nd quarter. AQR Capital Management LLC now owns 315,970 shares of the software maker’s stock worth $44,994,000 after purchasing an additional 64,394 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Qualys Price Performance

NASDAQ QLYS opened at $153.60 on Friday. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $206.35. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 33.83 and a beta of 0.47. The company has a fifty day moving average price of $134.34 and a 200-day moving average price of $135.08.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The firm had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 million. During the same quarter in the prior year, the business posted $1.24 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on QLYS. Morgan Stanley upped their price objective on shares of Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Needham & Company LLC assumed coverage on Qualys in a report on Wednesday, November 6th. They set a “hold” rating for the company. Royal Bank of Canada upped their target price on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Truist Financial lifted their target price on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, TD Cowen lifted their price objective on shares of Qualys from $130.00 to $150.00 and gave the company 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 stock has an average rating of “Hold” and a consensus price target of $152.80.

Insider Buying and Selling

In other Qualys news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. This trade represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,919 shares of company stock valued at $2,993,000. 1.00% of the stock is owned by insiders.

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.