Deltec Asset Management LLC Invests $2.68 Million in Zscaler, Inc. (NASDAQ:ZS)

Deltec Asset Management LLC acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,900 shares of the company’s stock, valued at approximately $2,678,000.

Several other institutional investors have also bought and sold shares of the stock. Jones Financial Companies Lllp bought a new stake in shares of Zscaler in the 4th quarter worth $29,000. Parkside Financial Bank & Trust raised its position in Zscaler by 582.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after acquiring an additional 134 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Zscaler in the 4th quarter valued at about $37,000. Quadrant Capital Group LLC boosted its position in shares of Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after purchasing an additional 70 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Zscaler by 109.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Activity at Zscaler

In other news, CFO Remo Canessa sold 4,689 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $180.93, for a total value of $848,380.77. Following the transaction, the chief financial officer now directly owns 251,467 shares of the company’s stock, valued at approximately $45,497,924.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.20% of the stock is currently owned by insiders.

Zscaler Stock Performance

ZS stock traded up $2.99 during midday trading on Friday, hitting $192.19. The stock had a trading volume of 3,002,636 shares, compared to its average volume of 2,750,974. Zscaler, Inc. has a 52 week low of $131.59 and a 52 week high of $259.61. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.04. The stock has a 50-day simple moving average of $176.89 and a 200 day simple moving average of $202.71. The firm has a market capitalization of $29.05 billion, a price-to-earnings ratio of -376.84 and a beta of 0.85.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.39. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. The firm had revenue of $553.20 million during the quarter, compared to analysts’ expectations of $535.55 million. As a group, equities research analysts anticipate that Zscaler, Inc. will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ZS shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $208.00 target price on shares of Zscaler in a research report on Friday, June 14th. Oppenheimer reaffirmed an “outperform” rating and set a $260.00 price objective (down from $290.00) on shares of Zscaler in a research note on Friday, May 31st. BTIG Research dropped their target price on shares of Zscaler from $258.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. KeyCorp upgraded shares of Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price target for the company in a research report on Thursday, April 18th. Finally, Royal Bank of Canada lifted their price objective on shares of Zscaler from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Six analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $225.21.

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.