Zscaler, Inc. (NASDAQ:ZS) Holdings Increased by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,051 shares of the company’s stock after purchasing an additional 83 shares during the quarter. Zscaler makes up 3.2% of Pursue Wealth Partners LLC’s holdings, making the stock its 10th largest position. Pursue Wealth Partners LLC’s holdings in Zscaler were worth $4,886,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Polar Capital Holdings Plc acquired a new position in shares of Zscaler during the third quarter valued at approximately $61,681,000. International Assets Investment Management LLC raised its holdings in shares of Zscaler by 19,012.4% during the fourth quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock valued at $49,629,000 after acquiring an additional 222,825 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Zscaler by 370.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 249,310 shares of the company’s stock valued at $55,660,000 after acquiring an additional 196,296 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Zscaler in the fourth quarter valued at approximately $39,246,000. Finally, Vanguard Group Inc. increased its holdings in shares of Zscaler by 1.5% in the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock valued at $1,343,810,000 after purchasing an additional 129,090 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ZS. Truist Financial restated a “buy” rating and set a $260.00 price target on shares of Zscaler in a research report on Monday, April 1st. The Goldman Sachs Group lifted their target price on Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Rosenblatt Securities lifted their price target on Zscaler from $285.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $230.00 price target on shares of Zscaler in a report on Wednesday, April 17th. Finally, Macquarie reaffirmed an “outperform” rating and set a $245.00 price target on shares of Zscaler in a report on Tuesday, March 19th. Five research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $230.24.

Insider Transactions at Zscaler

In other news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $236.24, for a total transaction of $1,653,680.00. Following the sale, the director now directly owns 39,539 shares of the company’s stock, valued at $9,340,693.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $236.24, for a total transaction of $1,653,680.00. Following the sale, the director now directly owns 39,539 shares of the company’s stock, valued at $9,340,693.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the transaction, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,715 shares of company stock valued at $5,865,882. 19.20% of the stock is currently owned by insiders.

Zscaler Price Performance

NASDAQ:ZS traded up $2.24 during trading hours on Friday, reaching $177.05. 1,341,755 shares of the company traded hands, compared to its average volume of 1,530,924. The firm’s 50-day moving average is $198.51 and its 200-day moving average is $203.47. The stock has a market cap of $26.54 billion, a P/E ratio of -186.37 and a beta of 0.80. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. Zscaler, Inc. has a 1-year low of $84.93 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The business had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $507.56 million. Equities research analysts expect that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

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.