Los Angeles Capital Management & Equity Research Inc. Invests $222,000 in Qualys, Inc. (QLYS)

Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Qualys, Inc. (NASDAQ:QLYS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,286 shares of the software maker’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in QLYS. SG Americas Securities LLC acquired a new position in Qualys during the second quarter worth about $103,000. Ameritas Investment Partners Inc. raised its position in Qualys by 17.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after acquiring an additional 408 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Qualys by 1,100.0% during the third quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock worth $155,000 after acquiring an additional 2,750 shares during the last quarter. Pinebridge Investments L.P. raised its position in Qualys by 2.9% during the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock worth $161,000 after acquiring an additional 110 shares during the last quarter. Finally, US Bancorp DE raised its position in Qualys by 18.6% during the second quarter. US Bancorp DE now owns 4,440 shares of the software maker’s stock worth $181,000 after acquiring an additional 697 shares during the last quarter. Hedge funds and other institutional investors own 75.37% of the company’s stock.

In related news, Director Donald R. Dixon sold 91,479 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $59.89, for a total value of $5,478,677.31. Following the completion of the sale, the director now directly owns 114,064 shares in the company, valued at $6,831,292.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Philippe F. Courtot sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $60.97, for a total transaction of $2,438,800.00. Following the completion of the sale, the chairman now owns 5,564,435 shares of the company’s stock, valued at $339,263,601.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 575,916 shares of company stock valued at $33,474,446. 20.90% of the stock is owned by insiders.

A number of equities analysts have issued reports on the stock. Imperial Capital restated an “outperform” rating and set a $50.00 target price (up previously from $46.00) on shares of Qualys in a research report on Wednesday, August 9th. Northland Securities set a $48.00 price objective on shares of Qualys and gave the company a “buy” rating in a research report on Wednesday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Qualys in a research report on Wednesday, November 1st. Wells Fargo & Company set a $52.00 price objective on shares of Qualys and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Qualys in a research report on Friday, October 27th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Qualys currently has a consensus rating of “Hold” and an average target price of $54.36.

Qualys, Inc. (NASDAQ:QLYS) opened at $56.45 on Tuesday. The firm has a market cap of $2,227.77, a P/E ratio of 53.41, a PEG ratio of 5.29 and a beta of 0.87. Qualys, Inc. has a 52-week low of $30.60 and a 52-week high of $62.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The business had revenue of $59.49 million during the quarter, compared to analyst estimates of $58.59 million. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. research analysts anticipate that Qualys, Inc. will post 0.65 earnings per share for the current fiscal year.

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Qualys Profile

Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.

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Institutional Ownership by Quarter for Qualys (NASDAQ:QLYS)

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