Peregrine Asset Advisers Inc. Invests $2.53 Million in Zscaler Inc (NASDAQ:ZS)

Peregrine Asset Advisers Inc. bought a new position in Zscaler Inc (NASDAQ:ZS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 33,064 shares of the company’s stock, valued at approximately $2,534,000. Zscaler makes up about 1.3% of Peregrine Asset Advisers Inc.’s holdings, making the stock its 26th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in the company. Tortoise Index Solutions LLC purchased a new stake in Zscaler during the first quarter valued at $25,000. FTB Advisors Inc. purchased a new stake in Zscaler during the first quarter valued at $26,000. Nisa Investment Advisors LLC purchased a new stake in Zscaler during the first quarter valued at $28,000. Wealthcare Advisory Partners LLC raised its stake in Zscaler by 211.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 700 shares of the company’s stock valued at $50,000 after purchasing an additional 475 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in Zscaler during the second quarter valued at $54,000. 33.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ZS traded down $1.26 during midday trading on Friday, hitting $71.28. The stock had a trading volume of 1,726,101 shares, compared to its average volume of 2,303,239. Zscaler Inc has a 1 year low of $30.72 and a 1 year high of $89.54. The firm has a market cap of $9.17 billion, a PE ratio of -229.94 and a beta of 1.12. The stock’s 50 day moving average is $82.28 and its 200 day moving average is $70.48.



Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $79.10 million during the quarter, compared to the consensus estimate of $74.92 million. Zscaler had a negative return on equity of 10.95% and a negative net margin of 11.12%. The company’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.02) earnings per share. As a group, sell-side analysts predict that Zscaler Inc will post -0.17 earnings per share for the current year.

A number of equities research analysts recently issued reports on ZS shares. OTR Global downgraded shares of Zscaler from a “mixed” rating to a “negative” rating in a research note on Monday, August 19th. Robert W. Baird reaffirmed a “buy” rating and set a $80.00 price target (up previously from $65.00) on shares of Zscaler in a research note on Friday, May 31st. UBS Group upped their price target on shares of Zscaler from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. BMO Capital Markets assumed coverage on shares of Zscaler in a research note on Thursday, August 1st. They issued a “market perform” rating and a $100.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Zscaler from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Zscaler currently has an average rating of “Hold” and an average target price of $74.25.

In other news, EVP Amit Sinha sold 4,807 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $72.24, for a total value of $347,257.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Karen Blasing sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $84.87, for a total transaction of $84,870.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 429,713 shares of company stock worth $34,536,225. Company insiders own 27.40% of the company’s stock.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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