Strs Ohio Invests $700,000 in Zscaler, Inc. (NASDAQ:ZS)

Strs Ohio acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,162 shares of the company’s stock, valued at approximately $700,000.

A number of other large investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Zscaler by 1.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock worth $585,000 after purchasing an additional 63 shares during the period. Xponance Inc. raised its holdings in shares of Zscaler by 0.6% during the 3rd quarter. Xponance Inc. now owns 12,411 shares of the company’s stock valued at $1,931,000 after buying an additional 68 shares during the period. CWM LLC raised its holdings in shares of Zscaler by 13.8% during the 3rd quarter. CWM LLC now owns 637 shares of the company’s stock valued at $99,000 after buying an additional 77 shares during the period. M&T Bank Corp raised its holdings in shares of Zscaler by 2.6% during the 3rd quarter. M&T Bank Corp now owns 3,079 shares of the company’s stock valued at $479,000 after buying an additional 79 shares during the period. Finally, Bailard Inc. raised its holdings in shares of Zscaler by 1.5% during the 3rd quarter. Bailard Inc. now owns 6,106 shares of the company’s stock valued at $950,000 after buying an additional 93 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Trading Down 1.5 %

Shares of ZS 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 current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $200.02 and its 200-day simple moving average is $203.19.

Zscaler (NASDAQ:ZS) last issued its 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 firm had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. On average, sell-side analysts expect that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ZS shares. JPMorgan Chase & Co. raised their price objective on Zscaler from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Morgan Stanley boosted their price objective on Zscaler from $195.00 to $214.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Rosenblatt Securities boosted their price objective on Zscaler from $285.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. KeyCorp raised Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 target price on the stock in a research note on Thursday, April 18th. Finally, BMO Capital Markets cut their target price on Zscaler from $268.00 to $255.00 and set an “outperform” rating on the stock in a research note 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $230.24.

Insider Buying and Selling at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the transaction, the chief executive officer now owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Blasing sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the transaction, the director now directly owns 40,372 shares of the company’s stock, valued at approximately $10,129,334.80. The disclosure for this sale can be found here. Insiders have sold 26,715 shares of company stock worth $5,865,882 over the last 90 days. 19.20% of the stock is currently owned by corporate insiders.

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.