Bayesian Capital Management LP Takes $277,000 Position in Qualys, Inc. (NASDAQ:QLYS)

Bayesian Capital Management LP acquired a new stake in shares of Qualys, Inc. (NASDAQ:QLYS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,659 shares of the software maker’s stock, valued at approximately $277,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Qualys by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after purchasing an additional 83,504 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Qualys by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 739,205 shares of the software maker’s stock worth $145,095,000 after purchasing an additional 21,439 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Qualys by 50.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock worth $83,743,000 after purchasing an additional 169,293 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Qualys by 121.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 360,294 shares of the software maker’s stock worth $70,719,000 after purchasing an additional 197,911 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its holdings in Qualys by 169.7% during the first quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock worth $40,970,000 after purchasing an additional 154,492 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Robert W. Baird lowered their price objective on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Truist Financial lowered their price objective on shares of Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Scotiabank assumed coverage on shares of Qualys in a research report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Qualys presently has an average rating of “Hold” and an average target price of $164.50.

Insider Buying and Selling

In related news, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the sale, the insider now owns 58,947 shares of the company’s stock, valued at approximately $8,450,052.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the sale, the insider now owns 58,947 shares of the company’s stock, valued at approximately $8,450,052.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the sale, the insider now directly owns 59,616 shares in the company, valued at approximately $8,658,627.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,027 shares of company stock valued at $4,216,326. Company insiders own 1.00% of the company’s stock.

Qualys Stock Up 0.3 %

NASDAQ QLYS opened at $149.14 on Thursday. The company’s 50 day moving average is $141.18 and its 200-day moving average is $159.49. Qualys, Inc. has a 12-month low of $131.07 and a 12-month high of $206.35. The firm has a market cap of $5.51 billion, a P/E ratio of 34.52 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $145.81 million for the quarter, compared to analyst estimates of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. Equities analysts expect that Qualys, Inc. will post 3.42 EPS for the current 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.