Mirae Asset Global Investments Co. Ltd. Makes New $3.43 Million Investment in Qualys, Inc. $QLYS

Key Points

• Mirae Asset Global Investments acquired 18,312 Qualys shares worth about $3.43 million, representing roughly 0.05% of the company.
• Institutional investors own 99.31% of Qualys. Insiders sold 11,672 shares worth about $2.19 million during the last quarter.
• Qualys shares fell 4.6% to $190.41; analysts’ consensus rating is “Hold,” with an average price target of $185.87. Its latest reported quarterly results beat EPS and revenue estimates, while revenue grew 11.1% year over year.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,312 shares of the software maker's stock, valued at approximately $3,428,000. Mirae Asset Global Investments Co. Ltd. owned about 0.05% of Qualys as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in QLYS. BlackRock Inc. purchased a new position in shares of Qualys during the second quarter worth approximately $792,316,000. Legal & General Group Plc bought a new position in shares of Qualys during the 2nd quarter valued at $197,624,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Qualys by 127.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 832,796 shares of the software maker's stock valued at $73,161,000 after purchasing an additional 465,952 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Qualys by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 763,099 shares of the software maker's stock valued at $67,041,000 after purchasing an additional 45,718 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Qualys by 3.6% in the 1st quarter. Renaissance Technologies LLC now owns 497,600 shares of the software maker's stock worth $43,714,000 after purchasing an additional 17,300 shares during the period. Institutional investors own 99.31% of the company's stock.

Insiders Place Their Bets

In related news, insider Bruce Posey sold 881 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $189.52, for a total value of $166,967.12. Following the completion of the transaction, the insider directly owned 57,807 shares in the company, valued at $10,955,582.64. This trade represents a 1.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sumedh S. Thakar sold 3,200 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $170.05, for a total transaction of $544,160.00. Following the completion of the transaction, the chief executive officer owned 180,338 shares in the company, valued at approximately $30,666,476.90. The trade was a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 11,672 shares of company stock worth $2,192,747. Company insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on QLYS. Morgan Stanley set a $200.00 price objective on Qualys in a report on Tuesday, October 13th. Yorkville Ives began coverage on Qualys in a report on Monday, October 5th. They set an "outperform" rating and a $230.00 target price for the company. Wall Street Zen lowered Qualys from a "buy" rating to a "hold" rating in a research report on Monday, November 2nd. Robert W. Baird set a $160.00 price target on Qualys in a research note on Wednesday, August 5th. Finally, Truist Financial boosted their price objective on Qualys from $160.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Qualys has an average rating of "Hold" and a consensus price target of $185.87.

Qualys Stock Down 4.6%

Shares of NASDAQ:QLYS traded down $9.22 during midday trading on Friday, hitting $190.41. 1,110,081 shares of the stock traded hands, compared to its average volume of 782,528. The business's 50 day moving average is $190.76 and its two-hundred day moving average is $136.71. The stock has a market capitalization of $6.59 billion, a PE ratio of 32.94 and a beta of 0.54. Qualys, Inc. has a one year low of $74.51 and a one year high of $235.54.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. The business had revenue of $182.18 million during the quarter, compared to analyst estimates of $178.57 million. Qualys had a return on equity of 37.52% and a net margin of 29.38%. Qualys's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 EPS. As a group, sell-side analysts forecast that Qualys, Inc. will post 5.84 earnings per share for the current year.

Qualys Company Profile

Qualys, Inc is a cloud-based cybersecurity company that helps organizations identify, assess and manage security risks across information technology environments. Its platform is designed to provide visibility into assets, vulnerabilities, configurations and compliance requirements across on-premises infrastructure, endpoints, networks, applications and cloud environments.

The company's offerings include vulnerability management, detection and response, policy compliance, asset inventory, web application security, endpoint security and cloud security capabilities.

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