First Washington CORP Has $1.64 Million Holdings in Zscaler, Inc. (NASDAQ:ZS)

First Washington CORP decreased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 43.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,514 shares of the company’s stock after selling 6,518 shares during the period. First Washington CORP’s holdings in Zscaler were worth $1,636,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Zscaler by 1.3% in the first quarter. Vanguard Group Inc. now owns 8,961,774 shares of the company’s stock valued at $1,726,307,000 after purchasing an additional 118,002 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in shares of Zscaler in the 4th quarter valued at approximately $217,683,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Zscaler by 19.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 619,293 shares of the company’s stock worth $119,294,000 after buying an additional 102,616 shares during the last quarter. Norges Bank bought a new position in Zscaler during the fourth quarter valued at approximately $117,599,000. Finally, Bank of New York Mellon Corp grew its position in Zscaler by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 496,047 shares of the company’s stock worth $95,335,000 after acquiring an additional 25,181 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZS. Mizuho cut shares of Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price objective for the company. in a report on Tuesday, July 16th. Susquehanna reissued a “positive” rating and set a $210.00 price objective on shares of Zscaler in a report on Thursday, September 5th. Cantor Fitzgerald reduced their target price on Zscaler from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Stifel Nicolaus reissued a “buy” rating and issued a $220.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Finally, Oppenheimer decreased their price objective on shares of Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $218.39.

Zscaler Trading Down 0.8 %

NASDAQ:ZS opened at $170.32 on Wednesday. Zscaler, Inc. has a 1-year low of $146.59 and a 1-year high of $259.61. The firm has a market capitalization of $25.97 billion, a price-to-earnings ratio of -333.96 and a beta of 0.82. The business’s 50-day moving average price is $183.45 and its two-hundred day moving average price is $183.94.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter in the previous year, the company earned ($0.17) earnings per share. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. Sell-side analysts predict that Zscaler, Inc. will post -0.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Remo Canessa sold 7,981 shares of the stock in a transaction that occurred on 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 directly owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 19.20% of the company’s stock.

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.