MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Qualys, Inc. $QLYS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Qualys, Inc. by 6.2%, owning 449,650 shares valued at $56.6 million following additional purchases in the first quarter.
• Analysts are generally optimistic about Qualys, with Zacks Research upgrading the stock to a "strong-buy" and several firms raising their price targets, with an average target of $141.00.
• Despite insider sales indicating some caution, institutional investors own 99.31% of Qualys stock, reflecting strong confidence in the company's prospects.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Qualys, Inc. (NASDAQ:QLYS - Free Report) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 449,650 shares of the software maker's stock after buying an additional 26,074 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.24% of Qualys worth $56,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its stake in Qualys by 82.7% in the first quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock valued at $46,000 after buying an additional 167 shares during the period. Manchester Capital Management LLC lifted its stake in Qualys by 52.4% in the first quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock valued at $55,000 after buying an additional 150 shares during the period. Fifth Third Bancorp increased its holdings in shares of Qualys by 27.9% in the first quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock worth $63,000 after acquiring an additional 109 shares in the last quarter. Quarry LP raised its position in shares of Qualys by 154.9% during the first quarter. Quarry LP now owns 576 shares of the software maker's stock worth $73,000 after purchasing an additional 350 shares during the period. Finally, Signaturefd LLC raised its position in shares of Qualys by 96.4% during the first quarter. Signaturefd LLC now owns 601 shares of the software maker's stock worth $76,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 99.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on QLYS shares. Scotiabank raised their price target on Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. DA Davidson upped their price target on Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Zacks Research raised Qualys to a "strong-buy" rating in a research note on Monday, August 11th. Morgan Stanley increased their price objective on Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Finally, Jefferies Financial Group raised their price target on Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $141.00.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 8,500 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $129.95, for a total transaction of $1,104,575.00. Following the sale, the chief executive officer directly owned 207,920 shares of the company's stock, valued at $27,019,204. This represents a 3.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kristi Marie Rogers sold 1,700 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $134.70, for a total transaction of $228,990.00. Following the sale, the director directly owned 8,596 shares in the company, valued at approximately $1,157,881.20. The trade was a 16.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,222 shares of company stock worth $7,252,957. 0.88% of the stock is currently owned by company insiders.

Qualys Price Performance

NASDAQ:QLYS traded up $2.32 during mid-day trading on Thursday, hitting $133.85. The company's stock had a trading volume of 86,169 shares, compared to its average volume of 333,113. Qualys, Inc. has a 1 year low of $112.61 and a 1 year high of $170.00. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 26.73 and a beta of 0.65. The business's fifty day moving average is $135.84 and its two-hundred day moving average is $132.92.

Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, beating the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. During the same quarter last year, the business earned $1.52 earnings per share. The firm's revenue was up 10.3% on a year-over-year basis. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. Analysts anticipate that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

About Qualys

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.