Qualys, Inc. (NASDAQ:QLYS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in Qualys, Inc. (NASDAQ:QLYS) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,246 shares of the software maker’s stock after selling 4,984 shares during the period. Los Angeles Capital Management LLC owned 0.08% of Qualys worth $6,133,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its stake in Qualys by 4.8% during the third quarter. State of Alaska Department of Revenue now owns 4,362 shares of the software maker’s stock worth $665,000 after purchasing an additional 200 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Qualys by 13.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,705 shares of the software maker’s stock valued at $565,000 after acquiring an additional 452 shares during the period. Xponance Inc. grew its position in Qualys by 1.7% in the 3rd quarter. Xponance Inc. now owns 6,266 shares of the software maker’s stock valued at $956,000 after acquiring an additional 103 shares in the last quarter. Dakota Wealth Management acquired a new position in Qualys in the 3rd quarter valued at about $228,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Qualys by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,410 shares of the software maker’s stock worth $4,944,000 after purchasing an additional 802 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qualys

In related news, CFO Joo Mi Kim sold 723 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the sale, the chief financial officer now owns 100,289 shares in the company, valued at approximately $16,523,615.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Joo Mi Kim sold 723 shares of Qualys stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total value of $119,121.48. Following the sale, the chief financial officer now owns 100,289 shares of the company’s stock, valued at $16,523,615.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 1,430 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total transaction of $235,821.30. Following the transaction, the insider now directly owns 63,057 shares of the company’s stock, valued at $10,398,729.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,792 shares of company stock worth $2,455,489. 1.20% of the stock is owned by insiders.

Qualys Trading Down 0.4 %

Shares of NASDAQ:QLYS opened at $165.37 on Friday. The firm has a 50 day simple moving average of $166.86 and a 200-day simple moving average of $175.83. Qualys, Inc. has a twelve month low of $107.00 and a twelve month high of $206.35. The company has a market capitalization of $6.11 billion, a PE ratio of 40.93 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share (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 company had revenue of $144.57 million during the quarter, compared to the consensus estimate of $144.69 million. As a group, equities research analysts predict that Qualys, Inc. will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on QLYS shares. Truist Financial lifted their price objective on shares of Qualys from $145.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. TD Cowen assumed coverage on Qualys in a research note on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price objective on the stock. Stephens reiterated an “equal weight” rating and issued a $190.00 target price on shares of Qualys in a report on Thursday, February 8th. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a report on Sunday, April 21st. Finally, JPMorgan Chase & Co. lifted 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $154.57.

Qualys Company 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.