Harel Insurance Investments & Financial Services Ltd. Has $515,000 Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 612.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,716 shares of the company’s stock after purchasing an additional 2,335 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Zscaler were worth $515,000 at the end of the most recent reporting period.

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

Zscaler Stock Up 1.7 %

ZS traded up $3.37 during trading on Tuesday, hitting $198.87. 569,684 shares of the company traded hands, compared to its average volume of 2,110,943. Zscaler, Inc. has a one year low of $139.20 and a one year high of $259.61. The stock’s fifty day moving average is $185.98 and its 200 day moving average is $192.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75.

Zscaler (NASDAQ:ZS) last posted 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 company had revenue of $553.20 million for the quarter, compared to analysts’ expectations of $535.55 million. Sell-side analysts predict that Zscaler, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZS shares. Barclays lifted their target price on shares of Zscaler from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Sanford C. Bernstein decreased their price objective on Zscaler from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Loop Capital lowered their target price on Zscaler from $225.00 to $180.00 and set a “hold” rating for the company in a research report on Friday, May 31st. JPMorgan Chase & Co. upgraded Zscaler from a “neutral” rating to an “overweight” rating and upped their price target for the company from $205.00 to $230.00 in a research report on Friday, June 14th. Finally, Raymond James initiated coverage on Zscaler in a research report on Tuesday, July 23rd. They set a “market perform” rating for the company. Eight investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $225.21.

Zscaler Company 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.