Zscaler, Inc. (NASDAQ:ZS) Shares Purchased by Tlwm

Tlwm lifted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 62.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,412 shares of the company’s stock after acquiring an additional 1,702 shares during the quarter. Tlwm’s holdings in Zscaler were worth $850,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Sierra Summit Advisors LLC bought a new stake in shares of Zscaler in the 4th quarter worth about $5,609,000. Sequoia Financial Advisors LLC bought a new stake in shares of Zscaler in the 4th quarter valued at approximately $9,674,000. Nordea Investment Management AB raised its position in shares of Zscaler by 463.5% during the 4th quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock valued at $6,629,000 after acquiring an additional 24,514 shares in the last quarter. Norges Bank bought a new position in Zscaler during the fourth quarter worth $117,599,000. Finally, Vanguard Group Inc. lifted its stake in Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after purchasing an additional 129,090 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Zscaler from $265.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Citigroup decreased their price objective on Zscaler from $270.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Barclays increased their price target on Zscaler from $205.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. The Goldman Sachs Group upped their price target on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Finally, Macquarie reissued an “outperform” rating and set a $245.00 target price on shares of Zscaler in a report on Tuesday, March 19th. Six research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $225.21.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 7,981 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the transaction, the chief financial officer now owns 243,486 shares in the company, valued at $43,148,154.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 19.20% of the company’s stock.

Zscaler Stock Up 5.7 %

Shares of NASDAQ ZS traded up $10.28 during trading hours on Thursday, hitting $189.20. The stock had a trading volume of 3,163,224 shares, compared to its average volume of 2,259,849. The firm’s 50-day moving average price is $176.10 and its two-hundred day moving average price is $202.96. Zscaler, Inc. has a 52 week low of $131.59 and a 52 week high of $259.61. The company has a market capitalization of $28.60 billion, a P/E ratio of -369.63 and a beta of 0.85. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.24) by $0.39. The company had revenue of $553.20 million during the quarter, compared to the consensus estimate of $535.55 million. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. Analysts anticipate that Zscaler, Inc. will post -0.34 EPS for the current fiscal year.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.