Aigen Investment Management LP Grows Stake in Zscaler, Inc. (NASDAQ:ZS)

Aigen Investment Management LP raised its stake in Zscaler, Inc. (NASDAQ:ZS) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,869 shares of the company’s stock after purchasing an additional 258 shares during the quarter. Aigen Investment Management LP’s holdings in Zscaler were worth $636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of Zscaler during the fourth quarter worth about $9,674,000. Nordea Investment Management AB increased its holdings in Zscaler by 463.5% in the fourth quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock valued at $6,629,000 after buying an additional 24,514 shares during the last quarter. Vanguard Group Inc. increased its holdings in Zscaler by 1.5% in the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock valued at $1,343,810,000 after buying an additional 129,090 shares during the last quarter. AQR Capital Management LLC increased its holdings in Zscaler by 272.6% in the third quarter. AQR Capital Management LLC now owns 41,894 shares of the company’s stock valued at $6,518,000 after buying an additional 30,650 shares during the last quarter. Finally, Beacon Pointe Advisors LLC increased its holdings in Zscaler by 41.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 9,170 shares of the company’s stock valued at $2,032,000 after buying an additional 2,677 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZS. JPMorgan Chase & Co. lifted their target price on Zscaler from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Macquarie restated an “outperform” rating and issued a $245.00 target price on shares of Zscaler in a research note on Tuesday, March 19th. Truist Financial restated a “buy” rating and issued a $260.00 target price on shares of Zscaler in a research note on Monday, April 1st. KeyCorp upgraded Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price objective for the company in a research report on Thursday, April 18th. Finally, The Goldman Sachs Group boosted their price objective on Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Five investment 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 stock. Based on data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $231.26.

Zscaler Stock Up 0.5 %

Shares of ZS stock opened at $174.99 on Thursday. Zscaler, Inc. has a 52-week low of $123.21 and a 52-week high of $259.61. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. The firm’s 50 day moving average price is $182.25 and its two-hundred day moving average price is $205.04.

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

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $408,512.25. Following the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at approximately $70,915,408.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the transaction, the insider now directly owns 137,294 shares of the company’s stock, valued at approximately $26,518,336.10. The disclosure for this sale can be found here. Insiders have sold a total of 12,715 shares of company stock worth $2,455,902 over the last ninety days. Company insiders own 19.20% of the company’s stock.

About Zscaler

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.