Alphasimplex Group LLC Lowers Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Alphasimplex Group LLC lessened its holdings in shares of Zscaler, Inc. (NASDAQ:ZSGet Rating) by 42.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 672 shares of the company’s stock after selling 492 shares during the quarter. Alphasimplex Group LLC’s holdings in Zscaler were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Capital Research Global Investors raised its stake in Zscaler by 21.1% during the 3rd quarter. Capital Research Global Investors now owns 2,626,623 shares of the company’s stock valued at $688,753,000 after purchasing an additional 457,984 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Zscaler by 20.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,773,065 shares of the company’s stock valued at $464,933,000 after purchasing an additional 300,446 shares during the period. First Trust Advisors LP increased its stake in Zscaler by 27.4% in the 4th quarter. First Trust Advisors LP now owns 1,293,179 shares of the company’s stock worth $415,537,000 after acquiring an additional 278,180 shares during the last quarter. Franklin Resources Inc. increased its stake in Zscaler by 13.2% in the 3rd quarter. Franklin Resources Inc. now owns 570,295 shares of the company’s stock worth $149,544,000 after acquiring an additional 66,383 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Zscaler by 3.5% in the 4th quarter. Northern Trust Corp now owns 543,939 shares of the company’s stock worth $174,784,000 after acquiring an additional 18,498 shares during the last quarter. 43.41% of the stock is currently owned by institutional investors.

In other news, Director Karen Blasing sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the transaction, the director now owns 2,381 shares in the company, valued at $595,250. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Amit Sinha sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $250.89, for a total value of $1,505,340.00. Following the completion of the transaction, the president now owns 275,860 shares in the company, valued at approximately $69,210,515.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,779 shares of company stock worth $7,896,977. Company insiders own 20.30% of the company’s stock.

ZS stock traded up $15.60 during mid-day trading on Friday, reaching $153.23. 3,010,993 shares of the company’s stock were exchanged, compared to its average volume of 1,989,762. The stock’s 50 day moving average is $212.30 and its 200 day moving average is $264.45. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.38 and a current ratio of 2.38. Zscaler, Inc. has a 12-month low of $127.62 and a 12-month high of $376.11.

Zscaler (NASDAQ:ZSGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.03). The business had revenue of $255.56 million for the quarter, compared to analysts’ expectations of $241.87 million. Zscaler had a negative return on equity of 51.11% and a negative net margin of 38.47%. The business’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.39) EPS. Analysts expect that Zscaler, Inc. will post -2.34 EPS for the current fiscal year.

A number of analysts have issued reports on ZS shares. Daiwa Capital Markets raised Zscaler from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $286.00 to $296.00 in a research note on Tuesday, March 1st. BMO Capital Markets reduced their price objective on Zscaler from $415.00 to $270.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. Stifel Nicolaus reduced their price objective on Zscaler from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, March 21st. Zacks Investment Research reaffirmed a “hold” rating on shares of Zscaler in a research note on Thursday, March 3rd. Finally, UBS Group cut their target price on Zscaler from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, February 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, Zscaler currently has an average rating of “Buy” and an average price target of $315.38.

Zscaler Company Profile (Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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