LPL Financial LLC Has $3.07 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

LPL Financial LLC lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,435 shares of the company’s stock after purchasing an additional 1,724 shares during the period. LPL Financial LLC’s holdings in Zscaler were worth $3,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ZS. Renaissance Technologies LLC acquired a new position in Zscaler in the 1st quarter valued at about $168,365,000. Marshall Wace LLP grew its stake in Zscaler by 1,278.9% in the 3rd quarter. Marshall Wace LLP now owns 453,939 shares of the company’s stock valued at $74,616,000 after buying an additional 421,019 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Zscaler by 55,282.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,895 shares of the company’s stock valued at $31,544,000 after purchasing an additional 281,386 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Zscaler by 17.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,865,180 shares of the company’s stock valued at $306,580,000 after purchasing an additional 271,360 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Zscaler by 238.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,595 shares of the company’s stock valued at $41,683,000 after purchasing an additional 178,585 shares during the period. Institutional investors and hedge funds own 45.33% of the company’s stock.

Insider Transactions at Zscaler

In related news, CFO Remo Canessa sold 6,229 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $665,194.91. Following the transaction, the chief financial officer now directly owns 295,863 shares of the company’s stock, valued at $31,595,209.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jagtar Singh Chaudhry sold 900 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $96,111.00. Following the transaction, the chief executive officer now directly owns 322,649 shares of the company’s stock, valued at $34,455,686.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Remo Canessa sold 6,229 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $665,194.91. Following the completion of the transaction, the chief financial officer now directly owns 295,863 shares in the company, valued at $31,595,209.77. The disclosure for this sale can be found here. Insiders sold a total of 16,412 shares of company stock worth $1,752,637 over the last three months. 19.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ZS. Mizuho cut their price objective on shares of Zscaler from $160.00 to $150.00 in a report on Friday, March 3rd. BMO Capital Markets boosted their price objective on shares of Zscaler from $115.00 to $120.00 in a report on Tuesday, May 9th. Credit Suisse Group cut their price objective on shares of Zscaler from $275.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, March 15th. Stephens cut their price objective on shares of Zscaler from $175.00 to $165.00 in a report on Friday, March 3rd. Finally, Rosenblatt Securities initiated coverage on shares of Zscaler in a report on Monday, May 1st. They issued a “buy” rating and a $135.00 price objective for the company. Fourteen analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.68.

Zscaler Trading Up 1.1 %

ZS opened at $125.27 on Friday. Zscaler, Inc. has a twelve month low of $84.93 and a twelve month high of $194.21. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.16. The company has a fifty day moving average of $106.21 and a 200-day moving average of $117.91. The stock has a market cap of $18.18 billion, a PE ratio of -54.70 and a beta of 0.85.

Zscaler (NASDAQ:ZS – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.08. Zscaler had a negative net margin of 24.08% and a negative return on equity of 50.58%. The company had revenue of $387.60 million during the quarter, compared to analysts’ expectations of $363.80 million. On average, sell-side analysts predict that Zscaler, Inc. will post -1.19 EPS for the current year.

Zscaler Company Profile

(Get Rating)

Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.