Perpetual Ltd Takes $814,000 Position in Zscaler, Inc. (NASDAQ:ZS)

Perpetual Ltd purchased a new position in Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,512 shares of the company’s stock, valued at approximately $814,000.

Several other large investors also recently added to or reduced their stakes in the stock. Lmcg Investments LLC lifted its position in shares of Zscaler by 12.2% in the 4th quarter. Lmcg Investments LLC now owns 14,845 shares of the company’s stock worth $2,678,000 after purchasing an additional 1,616 shares during the period. LaFleur & Godfrey LLC lifted its holdings in Zscaler by 0.6% during the fourth quarter. LaFleur & Godfrey LLC now owns 61,985 shares of the company’s stock worth $11,183,000 after buying an additional 399 shares during the period. Diversify Advisory Services LLC boosted its position in Zscaler by 18.6% during the 4th quarter. Diversify Advisory Services LLC now owns 16,321 shares of the company’s stock valued at $3,101,000 after acquiring an additional 2,563 shares in the last quarter. Kera Capital Partners Inc. purchased a new position in shares of Zscaler in the 4th quarter valued at $1,869,000. Finally, KRS Capital Management LLC raised its position in shares of Zscaler by 1.9% in the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after acquiring an additional 60 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Performance

ZS opened at $192.93 on Thursday. The company has a fifty day moving average of $195.52 and a two-hundred day moving average of $187.88. The stock has a market capitalization of $29.60 billion, a price-to-earnings ratio of -771.72 and a beta of 0.87. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. Zscaler’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.18) EPS. On average, equities research analysts forecast that Zscaler, Inc. will post -0.16 earnings per share for the current year.

Insider Transactions at Zscaler

In other news, insider Syam Nair sold 3,682 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares in the company, valued at $28,618,917.12. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares in the company, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock valued at $2,052,879 in the last three months. 18.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ZS has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $240.00 price objective (down previously from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. Citigroup boosted their price objective on shares of Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Scotiabank raised their target price on shares of Zscaler from $205.00 to $225.00 and gave the company a “sector outperform” rating in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of Zscaler in a research report on Friday, January 10th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $225.47.

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.