Zscaler, Inc. (NASDAQ:ZS) Stock Holdings Increased by KRS Capital Management LLC

KRS Capital Management LLC increased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 45.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,151 shares of the company’s stock after purchasing an additional 981 shares during the quarter. KRS Capital Management LLC’s holdings in Zscaler were worth $607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Sierra Summit Advisors LLC acquired a new stake in shares of Zscaler during the fourth quarter valued at approximately $5,609,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Zscaler during the fourth quarter valued at approximately $9,674,000. Nordea Investment Management AB grew its position in Zscaler by 463.5% during the fourth quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock valued at $6,629,000 after purchasing an additional 24,514 shares in the last quarter. Norges Bank acquired a new position in Zscaler in the 4th quarter valued at approximately $117,599,000. Finally, Vanguard Group Inc. lifted 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 buying an additional 129,090 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Up 1.6 %

Shares of NASDAQ:ZS traded up $2.99 during midday trading on Friday, reaching $192.19. 3,002,636 shares of the company were exchanged, compared to its average volume of 2,750,974. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.04. Zscaler, Inc. has a fifty-two week low of $131.59 and a fifty-two week high of $259.61. The stock has a fifty day simple moving average of $176.89 and a two-hundred day simple moving average of $202.77. The firm has a market cap of $29.05 billion, a PE ratio of -376.84 and a beta of 0.85.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, May 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.39. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. The firm had revenue of $553.20 million for the quarter, compared to analyst estimates of $535.55 million. As a group, sell-side analysts forecast that Zscaler, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZS. JMP Securities reaffirmed a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a research note on Monday, June 17th. Wedbush upped their price target on shares of Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Morgan Stanley decreased their price objective on shares of Zscaler from $214.00 to $202.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $208.00 price objective on shares of Zscaler in a report on Friday, June 14th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $182.00 price objective (down from $275.00) on shares of Zscaler in a report on Tuesday, May 28th. Six 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 company. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average target price of $225.21.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 7,981 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the transaction, the chief financial officer now directly owns 243,486 shares in the company, valued at approximately $43,148,154.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.20% of the stock is owned by company 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.