Los Angeles Capital Management LLC Trims Holdings in Qualys, Inc. (NASDAQ:QLYS)

Los Angeles Capital Management LLC reduced its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,803 shares of the software maker’s stock after selling 100 shares during the period. Los Angeles Capital Management LLC’s holdings in Qualys were worth $3,828,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Financial Enhancement Group LLC grew its holdings in shares of Qualys by 1.5% during the third quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock worth $784,000 after buying an additional 91 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Qualys by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after purchasing an additional 107 shares during the last quarter. Legacy Advisors LLC increased its holdings in shares of Qualys by 1.4% in the second quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock valued at $1,180,000 after purchasing an additional 113 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Qualys by 8.1% during the first quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker’s stock worth $281,000 after purchasing an additional 126 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Qualys by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock worth $6,622,000 after purchasing an additional 127 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Trading Down 0.4 %

NASDAQ:QLYS opened at $154.56 on Wednesday. The company has a market capitalization of $5.66 billion, a P/E ratio of 34.04 and a beta of 0.47. The firm has a 50-day moving average price of $127.35 and a two-hundred day moving average price of $135.64. Qualys, Inc. has a twelve month low of $119.17 and a twelve month high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. During the same period last year, the company posted $1.24 EPS. The company’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that Qualys, Inc. will post 0.89 earnings per share for the current year.

Insider Activity

In related news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now owns 86,576 shares in the company, valued at approximately $10,695,599.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the sale, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,919 shares of company stock worth $1,360,140 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on QLYS shares. Northland Securities reissued 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. UBS Group boosted their price target on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Morgan Stanley increased their target price on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Needham & Company LLC initiated coverage on Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Qualys has an average rating of “Hold” and a consensus price target of $152.80.

About Qualys

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.