Chicago Capital LLC Invests $409,000 in Zscaler, Inc. (NASDAQ:ZS)

Chicago Capital LLC purchased a new position in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,844 shares of the company’s stock, valued at approximately $409,000.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of Zscaler by 463.5% in the 4th quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock worth $6,629,000 after acquiring an additional 24,514 shares during the period. Vanguard Group Inc. increased its stake in Zscaler by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock valued at $1,343,810,000 after buying an additional 129,090 shares during the period. AQR Capital Management LLC increased its stake in Zscaler by 272.6% during the 3rd quarter. AQR Capital Management LLC now owns 41,894 shares of the company’s stock valued at $6,518,000 after buying an additional 30,650 shares during the period. DNB Asset Management AS increased its stake in Zscaler by 0.5% during the 4th quarter. DNB Asset Management AS now owns 21,180 shares of the company’s stock valued at $4,693,000 after buying an additional 111 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Zscaler by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 293,732 shares of the company’s stock valued at $45,702,000 after buying an additional 7,184 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZS has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Zscaler from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. The Goldman Sachs Group boosted their target price on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Truist Financial reiterated a “buy” rating and issued a $260.00 target price on shares of Zscaler in a report on Monday. Morgan Stanley boosted their target price on shares of Zscaler from $195.00 to $214.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Finally, Citigroup boosted their target price on shares of Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $230.55.

Zscaler Stock Down 0.3 %

Shares of ZS opened at $192.13 on Tuesday. Zscaler, Inc. has a twelve month low of $84.93 and a twelve month 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 company has a 50 day moving average of $223.11 and a 200-day moving average of $200.63.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.08. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. The business had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $507.56 million. On average, sell-side analysts predict that Zscaler, Inc. will post -0.81 EPS for the current year.

Insider Activity at Zscaler

In other Zscaler news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction 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 completion of the transaction, the director now directly owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Zscaler news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction 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 completion of the transaction, the director now directly owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,715 shares of company stock valued at $8,909,342. 19.20% of the stock is 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.