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

Bridgewater Associates LP decreased its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 18.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 0.11% of Qualys worth $4,989,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in shares of Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker's stock worth $32,000 after purchasing an additional 168 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker's stock worth $34,000 after purchasing an additional 143 shares in the last quarter. Quarry LP acquired a new stake in shares of Qualys during the 2nd quarter worth $40,000. DT Investment Partners LLC acquired a new stake in shares of Qualys during the 2nd quarter worth $41,000. Finally, Exchange Traded Concepts LLC grew its holdings 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 in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the business's stock in a transaction that occurred 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 approximately $6,885,508.40. The trade was a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total value of $1,047,620.00. Following the completion of the transaction, the chief executive officer now directly owns 225,453 shares in the company, valued at approximately $33,741,295.98. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,919 shares of company stock valued at $2,993,000 over the last ninety days. 1.00% of the stock is owned by company insiders.

Qualys Price Performance

Shares of Qualys stock traded down $1.08 during midday trading on Friday, reaching $153.60. The company had a trading volume of 145,776 shares, compared to its average volume of 442,254. The stock has a fifty day moving average price of $134.34 and a 200 day moving average price of $134.98. The firm has a market cap of $5.62 billion, a PE ratio of 33.83 and a beta of 0.47. Qualys, Inc. has a fifty-two week low of $119.17 and a fifty-two week high of $206.35.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.23. The company had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. As a group, sell-side analysts forecast that Qualys, Inc. will post 4.34 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Qualys from $150.00 to $162.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. Truist Financial raised their price objective on Qualys from $120.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Northland Securities reaffirmed a "market perform" rating and issued a $140.00 price objective (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Scotiabank reduced their price objective on Qualys from $167.00 to $150.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. Finally, Wedbush reduced their price objective on Qualys from $190.00 to $160.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $152.80.

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.