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

Los Angeles Capital Management LLC lifted its holdings in shares of Qualys, Inc. (NASDAQ:QLYS) by 41.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 42,031 shares of the software maker’s stock after acquiring an additional 12,228 shares during the period. Los Angeles Capital Management LLC’s holdings in Qualys were worth $5,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of QLYS. Creative Planning increased its position in shares of Qualys by 60.9% during the 3rd quarter. Creative Planning now owns 6,580 shares of the software maker’s stock valued at $845,000 after purchasing an additional 2,491 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Qualys by 11.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,438 shares of the software maker’s stock valued at $955,000 after buying an additional 738 shares during the period. International Assets Investment Management LLC increased its holdings in Qualys by 12,750.0% during the third quarter. International Assets Investment Management LLC now owns 1,542 shares of the software maker’s stock worth $198,000 after buying an additional 1,530 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Qualys by 3.1% in the third quarter. Assenagon Asset Management S.A. now owns 23,933 shares of the software maker’s stock worth $3,074,000 after acquiring an additional 716 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in Qualys by 38.1% in the third quarter. Arkadios Wealth Advisors now owns 4,259 shares of the software maker’s stock valued at $547,000 after acquiring an additional 1,176 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $133.26 on Thursday. The firm has a fifty day moving average price of $139.66 and a two-hundred day moving average price of $135.64. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 28.66 and a beta of 0.56. Qualys, Inc. has a one year low of $119.17 and a one year high of $174.31.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. Equities research analysts expect that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

Insider Transactions at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the completion of the sale, the chief executive officer now directly owns 225,453 shares in the company, valued at $30,321,173.97. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce K. Posey sold 8,555 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the completion of the transaction, the insider now directly owns 64,032 shares of the company’s stock, valued at approximately $9,900,627.84. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,813 shares of company stock valued at $5,278,133. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QLYS has been the subject of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. TD Cowen raised their target price on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Scotiabank cut their price target on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Qualys currently has an average rating of “Hold” and an average price target of $146.57.

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.