Los Angeles Capital Management LLC Lowers Position in Qualys, Inc. (NASDAQ:QLYS)

Los Angeles Capital Management LLC trimmed its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,246 shares of the software maker's stock after selling 4,984 shares during the period. Los Angeles Capital Management LLC owned approximately 0.08% of Qualys worth $6,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QLYS. California Public Employees Retirement System increased its holdings in shares of Qualys by 172.3% during the 4th quarter. California Public Employees Retirement System now owns 193,056 shares of the software maker's stock worth $37,893,000 after purchasing an additional 122,168 shares during the period. International Assets Investment Management LLC increased its stake in Qualys by 201,932.8% during the fourth quarter. International Assets Investment Management LLC now owns 117,179 shares of the software maker's stock valued at $23,000,000 after acquiring an additional 117,121 shares during the period. Invesco Ltd. raised its holdings in Qualys by 46.9% in the 3rd quarter. Invesco Ltd. now owns 250,661 shares of the software maker's stock valued at $38,238,000 after acquiring an additional 80,079 shares in the last quarter. Cullinan Associates Inc. bought a new stake in shares of Qualys in the 4th quarter worth approximately $11,400,000. Finally, Congress Asset Management Co. MA grew its holdings in shares of Qualys by 5.0% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,137,107 shares of the software maker's stock worth $173,466,000 after purchasing an additional 54,219 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on QLYS shares. StockNews.com lowered Qualys from a "buy" rating to a "hold" rating in a research note on Sunday, April 21st. Truist Financial lifted their target price on shares of Qualys from $145.00 to $175.00 and gave the company a "hold" rating in a research report on Tuesday, January 16th. Wedbush dropped their price target on shares of Qualys from $230.00 to $210.00 and set an "outperform" rating for the company in a research report on Thursday, February 8th. Scotiabank assumed coverage on Qualys in a report on Friday, April 26th. They set a "sector perform" rating and a $172.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Qualys from $146.00 to $152.00 and gave the company an "underweight" rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $154.57.

Qualys Stock Down 0.4 %

NASDAQ:QLYS traded down $0.63 during mid-day trading on Friday, reaching $165.37. 357,412 shares of the company were exchanged, compared to its average volume of 370,375. The stock has a market cap of $6.11 billion, a PE ratio of 40.93 and a beta of 0.51. Qualys, Inc. has a 12 month low of $107.00 and a 12 month high of $206.35. The company has a fifty day moving average of $166.86 and a 200 day moving average of $175.92.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, beating the consensus estimate of $0.82 by $0.26. Qualys had a net margin of 27.34% and a return on equity of 49.06%. The business had revenue of $144.57 million for the quarter, compared to analysts' expectations of $144.69 million. On average, equities research analysts anticipate that Qualys, Inc. will post 3.35 EPS for the current fiscal year.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 1,443 shares of the business's stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $167.33, for a total transaction of $241,457.19. Following the completion of the sale, the insider now directly owns 62,614 shares of the company's stock, valued at $10,477,200.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Bruce K. Posey sold 1,443 shares of the firm's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $167.33, for a total value of $241,457.19. Following the transaction, the insider now directly owns 62,614 shares in the company, valued at approximately $10,477,200.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 1,130 shares of the company's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $169.49, for a total value of $191,523.70. Following the completion of the sale, the chief financial officer now owns 96,734 shares of the company's stock, valued at approximately $16,395,445.66. The disclosure for this sale can be found here. Insiders have sold a total of 14,792 shares of company stock worth $2,455,489 over the last 90 days. Insiders own 1.20% of the company's stock.

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.