Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd raised its stake in Zscaler, Inc. (NASDAQ:ZS) by 1,176.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,365 shares of the company’s stock after acquiring an additional 4,023 shares during the quarter. Plato Investment Management Ltd’s holdings in Zscaler were worth $841,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Zscaler in the fourth quarter valued at $29,000. Parkside Financial Bank & Trust increased its stake in Zscaler by 582.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC acquired a new position in Zscaler in the fourth quarter valued at $37,000. Quadrant Capital Group LLC increased its stake in Zscaler by 66.7% in the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after purchasing an additional 109 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 7,981 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the completion of the sale, the chief financial officer now owns 243,486 shares in the company, valued at approximately $43,148,154.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 19.20% of the stock is currently owned by corporate insiders.

Zscaler Stock Down 3.1 %

Shares of ZS stock traded down $5.42 on Friday, reaching $169.02. 1,179,235 shares of the company’s stock traded hands, compared to its average volume of 2,165,772. Zscaler, Inc. has a 12-month low of $131.59 and a 12-month high of $259.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $25.55 billion, a P/E ratio of -330.20 and a beta of 0.85. The business’s 50 day moving average price is $184.55 and its two-hundred day moving average price is $198.06.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Zscaler in a research note on Friday, June 21st. Rosenblatt Securities restated a “neutral” rating and set a $190.00 price target on shares of Zscaler in a research note on Tuesday, May 28th. Royal Bank of Canada upped their target price on Zscaler from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Susquehanna decreased their target price on Zscaler from $275.00 to $210.00 and set a “positive” rating for the company in a research report on Friday, May 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $260.00 target price (down previously from $290.00) on shares of Zscaler in a research report on Friday, May 31st. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $225.21.

About Zscaler

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.