Axxcess Wealth Management LLC Takes $248,000 Position in Zscaler, Inc. (NASDAQ:ZS)

Axxcess Wealth Management LLC bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,121 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in Zscaler by 582.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after acquiring an additional 134 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Zscaler during the fourth quarter valued at approximately $37,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after buying an additional 109 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Zscaler by 41.1% during 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 last quarter. Finally, Allworth Financial LP grew its holdings in shares of Zscaler by 175.4% in the 4th quarter. Allworth Financial LP now owns 380 shares of the company’s stock worth $84,000 after acquiring an additional 242 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Up 0.6 %

Shares of NASDAQ:ZS opened at $171.96 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. The stock has a market cap of $25.78 billion, a price-to-earnings ratio of -181.01 and a beta of 0.85. The company has a 50 day moving average of $187.21 and a 200-day moving average of $203.56. Zscaler, Inc. has a one year low of $111.27 and a one year high of $259.61.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. On average, sell-side analysts forecast that Zscaler, Inc. will post -0.8 earnings per share for the current year.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 7,707 shares of the business’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 transaction, the chief financial officer now owns 255,943 shares in the company, valued at $49,435,390.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Zscaler news, CFO Remo Canessa sold 7,707 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 $1,488,607.05. Following the transaction, the chief financial officer now directly owns 255,943 shares in the company, valued at $49,435,390.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Karen Blasing sold 7,000 shares of the 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 completion of the sale, the director now owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,715 shares of company stock worth $4,212,202. 19.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ZS has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price objective on Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. JPMorgan Chase & Co. lifted their price objective on shares of Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Morgan Stanley raised their target price on Zscaler from $195.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Sanford C. Bernstein reduced their price objective on Zscaler from $311.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Finally, Robert W. Baird raised their price target on Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $230.24.

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.