Bridgewater Associates LP Has $2.59 Million Holdings in Qualys, Inc. (NASDAQ:QLYS)

Bridgewater Associates LP lessened its stake in Qualys, Inc. (NASDAQ:QLYS) by 52.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,485 shares of the software maker’s stock after selling 20,349 shares during the quarter. Bridgewater Associates LP’s holdings in Qualys were worth $2,592,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in shares of Qualys by 0.5% during the 4th quarter. Amalgamated Bank now owns 16,640 shares of the software maker’s stock worth $2,333,000 after buying an additional 77 shares during the last quarter. HighTower Advisors LLC lifted its stake in Qualys by 1.4% in the fourth quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker’s stock valued at $806,000 after acquiring an additional 80 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after acquiring an additional 99 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Qualys by 12.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker’s stock worth $153,000 after purchasing an additional 123 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Qualys by 15.6% in the 4th quarter. Huntington National Bank now owns 932 shares of the software maker’s stock valued at $131,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on QLYS shares. Morgan Stanley reduced their price target on Qualys from $120.00 to $90.00 and set an “underweight” rating for the company in a report on Wednesday. Loop Capital decreased their target price on Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, February 7th. Scotiabank reduced their target price on shares of Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Finally, Canaccord Genuity Group dropped their price target on Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $142.21.

Insider Activity

In other Qualys news, CFO Joo Mi Kim sold 4,542 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $140.08, for a total transaction of $636,243.36. Following the completion of the transaction, the chief financial officer now owns 108,215 shares in the company, valued at $15,158,757.20. This trade represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce K. Posey sold 882 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the sale, the insider now directly owns 62,295 shares in the company, valued at $8,700,119.70. The trade was a 1.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,480 shares of company stock valued at $3,579,506 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Qualys Stock Down 0.6 %

Shares of QLYS opened at $120.62 on Friday. The stock has a market cap of $4.40 billion, a P/E ratio of 25.94 and a beta of 0.71. The business’s fifty day moving average is $128.89 and its 200 day moving average is $135.88. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $174.20.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. On average, analysts expect that Qualys, Inc. will post 3.85 EPS for the current year.

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.