Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in Qualys, Inc. (NASDAQ:QLYS)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 332,554 shares of the software maker's stock after selling 96,244 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.90% of Qualys worth $65,274,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Qualys during the fourth quarter worth $30,000. Dark Forest Capital Management LP grew its holdings in Qualys by 58.2% in the 1st quarter. Dark Forest Capital Management LP now owns 242 shares of the software maker's stock valued at $31,000 after buying an additional 89 shares during the period. Blue Trust Inc. increased its stake in shares of Qualys by 218.2% during the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker's stock valued at $41,000 after acquiring an additional 144 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Qualys by 54.1% during the 3rd quarter. Fifth Third Bancorp now owns 282 shares of the software maker's stock worth $43,000 after acquiring an additional 99 shares during the period. Finally, Fortis Capital Advisors LLC boosted its position in shares of Qualys by 3,000.0% in the first quarter. Fortis Capital Advisors LLC now owns 341 shares of the software maker's stock worth $44,000 after acquiring an additional 330 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Qualys

In other news, insider Bruce K. Posey sold 1,430 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total value of $235,821.30. Following the completion of the transaction, the insider now directly owns 63,057 shares in the company, valued at $10,398,729.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Qualys news, CFO Joo Mi Kim sold 723 shares of the business's 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 sale, the chief financial officer now directly owns 100,289 shares of the company's stock, valued at approximately $16,523,615.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bruce K. Posey sold 1,430 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 in the company, valued at $10,398,729.87. The disclosure for this sale can be found here. Insiders have sold a total of 13,408 shares of company stock worth $2,396,051 in the last three months. 1.20% of the stock is owned by company insiders.

Qualys Stock Up 0.6 %

Shares of QLYS traded up $0.97 during midday trading on Friday, hitting $164.84. The company had a trading volume of 315,392 shares, compared to its average volume of 416,651. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 40.80 and a beta of 0.51. Qualys, Inc. has a 52 week low of $107.00 and a 52 week high of $206.35. The company's 50 day moving average price is $169.80 and its 200 day moving average price is $174.42.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its earnings results on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.26. Qualys had a return on equity of 49.06% and a net margin of 27.34%. The company had revenue of $144.57 million during the quarter, compared to the consensus estimate of $144.69 million. Equities analysts anticipate that Qualys, Inc. will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on QLYS shares. TD Cowen started coverage on shares of Qualys in a research report on Tuesday, March 26th. They set a "market perform" rating and a $170.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Qualys from $146.00 to $152.00 and gave the stock an "underweight" rating in a report on Thursday, February 8th. Truist Financial raised their price target on shares of Qualys from $145.00 to $175.00 and gave the company a "hold" rating in a report on Tuesday, January 16th. StockNews.com lowered shares of Qualys from a "buy" rating to a "hold" rating in a report on Friday. Finally, Stephens reaffirmed an "equal weight" rating and issued a $190.00 target price on shares of Qualys in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $153.23.

Qualys 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.