OLD National Bancorp IN Takes $333,000 Position in Zscaler, Inc. (NASDAQ:ZS)

OLD National Bancorp IN acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,501 shares of the company’s stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BluePath Capital Management LLC purchased a new stake in shares of Zscaler during the 3rd quarter valued at $32,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Zscaler by 109.0% in 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. Lindbrook Capital LLC increased its position in shares of Zscaler by 41.1% in 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. Allworth Financial LP increased its position in shares of Zscaler by 175.4% in the 4th quarter. Allworth Financial LP now owns 380 shares of the company’s stock valued at $84,000 after acquiring an additional 242 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its position in shares of Zscaler by 231.7% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 544 shares of the company’s stock valued at $85,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 1.5 %

Zscaler stock opened at $174.81 on Friday. Zscaler, Inc. has a 1-year low of $84.93 and a 1-year high of $259.61. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market cap of $26.20 billion, a PE ratio of -184.01 and a beta of 0.80. The stock’s fifty day moving average is $200.02 and its two-hundred day moving average is $203.19.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share 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 for the quarter, compared to analysts’ expectations of $507.56 million. On average, sell-side analysts expect that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In other 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 sale, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 sale, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $250.90, for a total value of $1,756,300.00. Following the sale, the director now owns 40,372 shares in the company, valued at approximately $10,129,334.80. The disclosure for this sale can be found here. Insiders have sold a total of 26,715 shares of company stock worth $5,865,882 over the last ninety days. Corporate insiders own 19.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZS. Citigroup upped their target price on Zscaler from $235.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Rosenblatt Securities increased their price target on Zscaler from $285.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. The Goldman Sachs Group increased their price target on Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. KeyCorp raised Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price target on the stock in a research report on Thursday, April 18th. Finally, Wedbush increased their price target on Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Five 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.