Is Qualys Inc (QLYS) a Good Stock to Buy?

As one would reasonably expect, key money managers were breaking ground themselves. York Capital Management, led by James Dinan, initiated the largest position in Qualys Inc (NASDAQ:QLYS). York Capital Management had $5.5 million invested in the company at the end of the quarter. Daniel S. Och’s OZ Management also initiated a $2.5 million position during the quarter. The other funds with new positions in the stock are George McCabe’s Portolan Capital Management, Ken Griffin’s Citadel Investment Group, and Peter Muller’s PDT Partners.

Let’s now review hedge fund activity in other stocks similar to Qualys Inc (NASDAQ:QLYS). These stocks are OneBeacon Insurance Group, Ltd. (NYSE:OB), Cvent Inc (NYSE:CVT), Knight Capital Group Inc. (NYSE:KCG), and Mobile Mini Inc (NASDAQ:MINI). This group of stocks’ market valuations are closest to QLYS’s market valuation.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $64 million, compared to $182 million in QLYS’s case. Cvent Inc (NYSE:CVT) is the most popular stock in this table. On the other hand Mobile Mini Inc (NASDAQ:MINI) is the least popular one with only eight bullish hedge fund positions. Qualys Inc (NASDAQ:QLYS) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Cvent Inc (NYSE:CVT) might be a better candidate to consider taking a long position in.

Disclosure: none