Allworth Financial LP Has $84,000 Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Allworth Financial LP lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 175.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380 shares of the company’s stock after acquiring an additional 242 shares during the quarter. Allworth Financial LP’s holdings in Zscaler were worth $84,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB boosted 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 in the last quarter. Vanguard Group Inc. raised its position in Zscaler by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after purchasing an additional 129,090 shares during the last quarter. AQR Capital Management LLC raised its position in Zscaler by 272.6% in the 3rd quarter. AQR Capital Management LLC now owns 41,894 shares of the company’s stock worth $6,518,000 after purchasing an additional 30,650 shares during the last quarter. International Assets Investment Management LLC raised its position in Zscaler by 19,012.4% in the 4th quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock worth $49,629,000 after purchasing an additional 222,825 shares during the last quarter. Finally, DNB Asset Management AS raised its position in Zscaler by 0.5% in the 4th quarter. DNB Asset Management AS now owns 21,180 shares of the company’s stock worth $4,693,000 after purchasing an additional 111 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the sale, the chief financial officer now owns 255,943 shares in the company, valued at approximately $49,435,390.45. The disclosure for this sale can be found here. Insiders have sold 33,715 shares of company stock valued at $7,437,172 over the last three months. 19.20% of the stock is owned by insiders.

Zscaler Price Performance

Zscaler stock opened at $181.41 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. Zscaler, Inc. has a twelve month low of $84.93 and a twelve month high of $259.61. The company’s 50-day moving average price is $213.11 and its two-hundred day moving average price is $201.96.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping 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 company had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $507.56 million. On average, equities research analysts predict that Zscaler, Inc. will post -0.81 EPS for the current year.

Analysts Set New Price Targets

ZS has been the subject of several recent research reports. Oppenheimer upped their target price on shares of Zscaler from $245.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, January 3rd. Macquarie restated an “outperform” rating and issued a $245.00 price objective on shares of Zscaler in a research report on Tuesday, March 19th. JPMorgan Chase & Co. upped their price objective on shares of Zscaler from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Robert W. Baird upped their price objective on shares of Zscaler from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Morgan Stanley upped their price objective on shares of Zscaler from $195.00 to $214.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Six research 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. Based on data from MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus target price of $230.55.

Zscaler 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.