Los Angeles Capital Management LLC Boosts Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Los Angeles Capital Management LLC raised its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 30.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,172 shares of the company’s stock after buying an additional 20,000 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Zscaler were worth $18,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Polar Capital Holdings Plc acquired a new position in Zscaler during the 3rd quarter valued at about $61,681,000. International Assets Investment Management LLC raised its position in shares of Zscaler by 19,012.4% in the 4th quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock valued at $49,629,000 after purchasing an additional 222,825 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Zscaler by 370.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 249,310 shares of the company’s stock worth $55,660,000 after purchasing an additional 196,296 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Zscaler during the 4th quarter worth approximately $39,246,000. Finally, Vanguard Group Inc. raised its holdings in shares of Zscaler by 1.5% in the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after buying an additional 129,090 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Activity

In other news, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the transaction, the insider now owns 137,294 shares of the company’s stock, valued at approximately $26,518,336.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the sale, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Syam Nair sold 2,893 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the transaction, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The disclosure for this sale can be found here. Insiders sold a total of 19,715 shares of company stock valued at $4,212,202 in the last 90 days. Company insiders own 19.20% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ:ZS traded up $0.74 during midday trading on Friday, hitting $177.11. The company had a trading volume of 2,492,869 shares, compared to its average volume of 1,497,322. The business’s 50-day simple moving average is $192.52 and its 200-day simple moving average is $203.40. The stock has a market cap of $26.55 billion, a price-to-earnings ratio of -186.43 and a beta of 0.85. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. Zscaler, Inc. has a twelve month low of $86.93 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The business had revenue of $525.00 million for the quarter, compared to analyst estimates of $507.56 million. On average, research analysts predict that Zscaler, Inc. will post -0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ZS shares. Wedbush raised their target price on Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Rosenblatt Securities upped their price objective on shares of Zscaler from $285.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. Sanford C. Bernstein reduced their target price on shares of Zscaler from $311.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, March 1st. BMO Capital Markets lowered their price target on shares of Zscaler from $268.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, Macquarie reiterated an “outperform” rating and set a $245.00 price objective on shares of Zscaler in a research note on Tuesday, March 19th. Five analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average target price of $230.24.

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.