Bridgewater Associates LP Sells 8,593 Shares of Qualys, Inc. (NASDAQ:QLYS)

Bridgewater Associates LP trimmed its position in Qualys, Inc. (NASDAQ:QLYS) by 18.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 38,834 shares of the software maker’s stock after selling 8,593 shares during the period. Bridgewater Associates LP’s holdings in Qualys were worth $4,989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Trust Walden Corp grew its stake in shares of Qualys by 14.5% in the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after purchasing an additional 117,079 shares during the last quarter. CDAM UK Ltd increased its stake in shares of Qualys by 8.3% during the third quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock valued at $64,604,000 after buying an additional 38,509 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Qualys by 15.3% during the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock valued at $67,607,000 after acquiring an additional 63,000 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Qualys by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after acquiring an additional 3,357 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in Qualys by 8.3% in the third quarter. Penserra Capital Management LLC now owns 373,995 shares of the software maker’s stock valued at $48,043,000 after acquiring an additional 28,802 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Scotiabank reduced their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Piper Sandler decreased their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC assumed coverage on Qualys in a report on Wednesday, November 6th. They issued a “hold” rating for the company. Finally, TD Cowen boosted their target price on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $152.80.

Qualys Stock Down 0.7 %

Shares of QLYS opened at $153.60 on Friday. The business’s 50 day moving average price is $134.34 and its 200-day moving average price is $135.08. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35. The stock has a market cap of $5.62 billion, a P/E ratio of 33.83 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data 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. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The company had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 million. During the same period in the previous year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current year.

Insider Buying and Selling

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. The trade was a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the sale, the insider now owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,919 shares of company stock worth $2,993,000 in the last three months. Insiders own 1.00% of the company’s stock.

Qualys Company 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.