First Hawaiian Bank Has $695,000 Position in Zscaler, Inc. (NASDAQ:ZS)

First Hawaiian Bank boosted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 8.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,615 shares of the company’s stock after acquiring an additional 270 shares during the quarter. First Hawaiian Bank’s holdings in Zscaler were worth $695,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Jones Financial Companies Lllp bought a new stake in shares of Zscaler during the 4th quarter worth $29,000. Parkside Financial Bank & Trust raised its stake in shares of Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares during the period. GAMMA Investing LLC bought a new stake in shares of Zscaler during the 4th quarter worth $37,000. Quadrant Capital Group LLC raised its stake in shares of Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Activity

In related news, CFO Remo Canessa sold 4,689 shares of Zscaler stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $180.93, for a total value of $848,380.77. Following the completion of the sale, the chief financial officer now directly owns 251,467 shares in the company, valued at approximately $45,497,924.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 19.20% of the company’s stock.

Zscaler Stock Down 2.5 %

ZS traded down $4.29 during trading on Monday, reaching $165.23. The stock had a trading volume of 2,144,887 shares, compared to its average volume of 2,172,255. The stock’s 50 day moving average is $184.51 and its two-hundred day moving average is $197.20. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $24.97 billion, a price-to-earnings ratio of -332.39 and a beta of 0.85. Zscaler, Inc. has a one year low of $131.59 and a one year high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, May 30th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $553.20 million during the quarter, compared to the consensus estimate of $535.55 million. As a group, analysts expect that Zscaler, Inc. will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective on Zscaler from $205.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Citigroup lowered their price objective on Zscaler from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Wells Fargo & Company restated an “equal weight” rating and issued a $182.00 price objective (down from $275.00) on shares of Zscaler in a research note on Tuesday, May 28th. BMO Capital Markets reaffirmed an “outperform” rating and set a $208.00 target price on shares of Zscaler in a report on Friday, June 14th. Finally, Mizuho lowered Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 target price for the company. in a report on Tuesday, July 16th. Eight analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zscaler presently 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.