Motley Fool Asset Management LLC Has $881,000 Holdings in Zscaler, Inc. (NASDAQ:ZS)

Motley Fool Asset Management LLC lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,978 shares of the company’s stock after buying an additional 261 shares during the period. Motley Fool Asset Management LLC’s holdings in Zscaler were worth $881,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock valued at $1,343,810,000 after acquiring an additional 129,090 shares during the last quarter. Northern Trust Corp boosted its position in shares of Zscaler by 5.6% during the 3rd quarter. Northern Trust Corp now owns 556,446 shares of the company’s stock worth $86,577,000 after purchasing an additional 29,405 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Zscaler by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 512,094 shares of the company’s stock worth $79,677,000 after purchasing an additional 6,821 shares in the last quarter. Polar Capital Holdings Plc bought a new position in shares of Zscaler during the 3rd quarter worth about $61,681,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Zscaler by 10.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 302,326 shares of the company’s stock worth $66,984,000 after purchasing an additional 27,947 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Price Performance

Shares of ZS traded up $2.24 during mid-day trading on Friday, reaching $177.05. 1,341,653 shares of the stock traded hands, compared to its average volume of 2,219,893. The firm has a fifty day moving average price of $198.51 and a 200 day moving average price of $203.25. The company has a market cap of $26.54 billion, a price-to-earnings ratio of -186.37 and a beta of 0.80. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler, Inc. has a 1 year low of $84.93 and a 1 year high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. The firm had revenue of $525.00 million during the quarter, compared to analyst estimates of $507.56 million. As a group, equities research analysts predict that Zscaler, Inc. will post -0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZS. The Goldman Sachs Group upped their target price on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. JPMorgan Chase & Co. upped their target price on shares of Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Macquarie restated an “outperform” rating and issued a $245.00 target price on shares of Zscaler in a report on Tuesday, March 19th. KeyCorp raised shares of Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 target price on the stock in a research report on Thursday, April 18th. Finally, JMP Securities reissued a “market outperform” rating and set a $270.00 target price on shares of Zscaler in a research report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $230.24.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the sale, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zscaler news, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the sale, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Remo Canessa sold 7,707 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the sale, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,715 shares of company stock valued at $5,865,882. 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.