Dynamic Advisor Solutions LLC Has $1.18 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Dynamic Advisor Solutions LLC grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 36.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,163 shares of the company’s stock after buying an additional 1,646 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Zscaler were worth $1,184,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sierra Summit Advisors LLC bought a new stake in Zscaler in the fourth quarter worth $5,609,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Zscaler by 6.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 103,937 shares of the company’s stock valued at $20,021,000 after purchasing an additional 6,683 shares during the last quarter. Norges Bank bought a new stake in shares of Zscaler during the 4th quarter worth approximately $117,599,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Zscaler by 9.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 116,691 shares of the company’s stock worth $22,478,000 after acquiring an additional 9,689 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in Zscaler by 40.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,438 shares of the company’s stock worth $470,000 after purchasing an additional 696 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Up 2.1 %

Shares of ZS stock traded up $3.68 during trading on Tuesday, hitting $176.23. 68,641 shares of the company were exchanged, compared to its average volume of 2,125,276. Zscaler, Inc. has a twelve month low of $131.59 and a twelve month high of $259.61. The firm has a market capitalization of $26.64 billion, a price-to-earnings ratio of -338.33 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. The business’s 50-day simple moving average is $184.91 and its 200 day simple moving average is $194.34.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.39. The company had revenue of $553.20 million for 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%. As a group, analysts forecast that Zscaler, Inc. will post -0.32 EPS for the current fiscal year.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 4,689 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $180.93, for a total value of $848,380.77. Following the completion of the transaction, the chief financial officer now owns 251,467 shares of the company’s stock, valued at $45,497,924.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 19.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ZS has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Zscaler from $214.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Loop Capital dropped their price objective on Zscaler from $225.00 to $180.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Canaccord Genuity Group lowered their price target on Zscaler from $260.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Susquehanna dropped their target price on Zscaler from $275.00 to $210.00 and set a “positive” rating for the company in a report on Friday, May 31st. Finally, Raymond James initiated coverage on Zscaler in a research note on Tuesday, July 23rd. They issued a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.