PNC Financial Services Group Inc. raised its position in Zscaler, Inc. (NASDAQ:ZS – Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,398 shares of the company’s stock after purchasing an additional 251 shares during the period. PNC Financial Services Group Inc.’s holdings in Zscaler were worth $1,639,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ZS. Parkside Financial Bank & Trust lifted its position in shares of Zscaler by 582.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares during the period. GAMMA Investing LLC acquired a new position in shares of Zscaler during the 4th quarter valued at $37,000. Quadrant Capital Group LLC lifted 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 acquiring an additional 70 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after acquiring an additional 109 shares during the period. Finally, Lindbrook Capital LLC lifted its position in shares of Zscaler by 41.1% during the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock valued at $53,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Zscaler from $214.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Friday. Stifel Nicolaus decreased their price target on shares of Zscaler from $270.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Cantor Fitzgerald restated a “neutral” rating and set a $230.00 price target on shares of Zscaler in a research note on Wednesday, April 17th. Mizuho decreased their price target on shares of Zscaler from $310.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Finally, Robert W. Baird decreased their price target on shares of Zscaler from $265.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.76.
View Our Latest Stock Report on Zscaler
Zscaler Price Performance
NASDAQ ZS opened at $171.64 on Tuesday. Zscaler, Inc. has a 52 week low of $125.25 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 simple moving average is $180.78 and its two-hundred day simple moving average is $205.33.
Zscaler (NASDAQ:ZS – Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. The business had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. Research analysts predict that Zscaler, Inc. will post -0.8 EPS for the current year.
Insider Transactions at Zscaler
In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction dated 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 of the company’s stock, valued at $70,915,408.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Syam Nair sold 2,893 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the sale, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,715 shares of company stock valued at $2,455,902. 19.20% of the stock is currently owned by corporate insiders.
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.
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Source: defenseworld.net
