Lindbrook Capital LLC Raises Position in Zscaler, Inc. (NASDAQ:ZS)

Lindbrook Capital LLC lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 41.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237 shares of the company’s stock after acquiring an additional 69 shares during the period. Lindbrook Capital LLC’s holdings in Zscaler were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ZS. CWM LLC grew its position in Zscaler by 13.8% in the 3rd quarter. CWM LLC now owns 637 shares of the company’s stock worth $99,000 after purchasing an additional 77 shares during the period. Handelsbanken Fonder AB lifted its position in Zscaler by 4.2% during the third quarter. Handelsbanken Fonder AB now owns 22,115 shares of the company’s stock valued at $3,441,000 after purchasing an additional 890 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new stake in Zscaler during the third quarter valued at about $904,000. Harbor Capital Advisors Inc. increased its position in Zscaler by 95.9% in the third quarter. Harbor Capital Advisors Inc. now owns 4,000 shares of the company’s stock worth $622,000 after buying an additional 1,958 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Zscaler by 17.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 39,070 shares of the company’s stock worth $6,079,000 after acquiring an additional 5,679 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In related 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 directly owns 137,294 shares of the company’s stock, valued at approximately $26,518,336.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the sale, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the sale, the director now owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The disclosure for this sale can be found here. Insiders sold 26,715 shares of company stock worth $5,865,882 in the last three months. Corporate insiders own 19.20% of the company’s stock.

Zscaler Stock Performance

Shares of ZS opened at $174.81 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. The firm has a market cap of $26.20 billion, a PE ratio of -184.01 and a beta of 0.80. Zscaler, Inc. has a 12 month low of $84.93 and a 12 month high of $259.61. The stock has a fifty day moving average price of $200.02 and a 200-day moving average price of $203.19.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $507.56 million. Equities research analysts predict that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZS. Citigroup boosted their price target on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. boosted their price target on shares of Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Robert W. Baird lifted their target price on Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Morgan Stanley increased their price target on Zscaler from $195.00 to $214.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Finally, Rosenblatt Securities lifted their price objective on Zscaler from $285.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $230.24.

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.