Mirae Asset Global Investments Co. Ltd. Buys 933 Shares of Qualys, Inc. (NASDAQ:QLYS)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Qualys, Inc. (NASDAQ:QLYS) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,833 shares of the software maker’s stock after purchasing an additional 933 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Qualys were worth $1,095,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Qualys by 80.8% during the third quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after buying an additional 193 shares in the last quarter. Fifth Third Bancorp grew its position in Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after acquiring an additional 99 shares during the last quarter. Quarry LP increased its holdings in Qualys by 56.2% during the 3rd quarter. Quarry LP now owns 439 shares of the software maker’s stock valued at $56,000 after purchasing an additional 158 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after purchasing an additional 223 shares during the last quarter. Finally, Mendota Financial Group LLC acquired a new position in Qualys during the 4th quarter worth about $91,000. 99.31% of the stock is owned by institutional investors.

Insider Transactions at Qualys

In other news, CFO Joo Mi Kim sold 4,487 shares of Qualys stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $140.00, for a total value of $628,180.00. Following the completion of the sale, the chief financial officer now directly owns 112,757 shares in the company, valued at approximately $15,785,980. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce K. Posey sold 8,555 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total value of $1,322,774.10. Following the sale, the insider now directly owns 64,032 shares in the company, valued at $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 35,746 shares of company stock valued at $5,206,333. 1.00% of the stock is currently owned by corporate insiders.

Qualys Stock Performance

Shares of QLYS opened at $137.32 on Wednesday. The firm has a market cap of $5.02 billion, a P/E ratio of 29.53 and a beta of 0.56. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $174.31. The firm’s 50-day simple moving average is $142.69 and its 200 day simple moving average is $135.49.

Qualys (NASDAQ:QLYS) last posted its earnings results on Thursday, February 6th. The software maker reported $1.19 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 39.64%. As a group, equities analysts forecast that Qualys, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

QLYS has been the topic of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a report on Monday. Loop Capital dropped their price objective on Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. DA Davidson upped their price target on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Jefferies Financial Group increased their price objective on Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, Westpark Capital reissued a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $146.57.

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.