Bayesian Capital Management LP Makes New $838,000 Investment in Qualys, Inc. (NASDAQ:QLYS)

Bayesian Capital Management LP acquired a new stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,974 shares of the software maker's stock, valued at approximately $838,000.

A number of other hedge funds have also made changes to their positions in QLYS. Assenagon Asset Management S.A. boosted its stake in Qualys by 1,386.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker's stock valued at $49,876,000 after purchasing an additional 331,766 shares in the last quarter. Vanguard Group Inc. grew its holdings in Qualys by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock worth $604,721,000 after acquiring an additional 131,339 shares during the period. Boston Trust Walden Corp raised its position in Qualys by 13.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker's stock worth $147,178,000 after acquiring an additional 123,530 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Qualys in the 4th quarter valued at about $15,937,000. Finally, CDAM UK Ltd boosted its position in shares of Qualys by 21.6% during the 4th quarter. CDAM UK Ltd now owns 611,793 shares of the software maker's stock valued at $85,786,000 after purchasing an additional 108,880 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company's stock.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 540 shares of Qualys stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $117.86, for a total value of $63,644.40. Following the transaction, the insider now directly owns 64,513 shares of the company's stock, valued at $7,603,502.18. The trade was a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $142.17, for a total transaction of $995,190.00. Following the transaction, the chief executive officer now owns 246,144 shares of the company's stock, valued at approximately $34,994,292.48. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,138 shares of company stock valued at $3,519,970 over the last three months. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on QLYS shares. Needham & Company LLC reissued a "hold" rating on shares of Qualys in a research note on Monday, February 10th. Jefferies Financial Group reduced their price objective on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Canaccord Genuity Group cut their target price on Qualys from $170.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Scotiabank decreased their price target on Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. cut their price objective on Qualys from $122.00 to $117.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Qualys has an average rating of "Hold" and an average price target of $140.53.

Qualys Price Performance

QLYS opened at $128.16 on Tuesday. The company has a market capitalization of $4.66 billion, a PE ratio of 27.56 and a beta of 0.61. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $171.00. The business has a 50-day moving average of $125.75 and a 200-day moving average of $135.99.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its 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, equities research analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

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.

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