Lmcg Investments LLC reduced its position in Zscaler, Inc. (NASDAQ:ZS – Free Report) by 28.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 41,001 shares of the company’s stock after selling 16,453 shares during the quarter. Lmcg Investments LLC’s holdings in Zscaler were worth $8,176,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of ZS. BlackRock Inc. acquired a new position in shares of Zscaler in the 2nd quarter valued at $1,396,028,000. First Trust Advisors LP grew its position in Zscaler by 36.2% during the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after purchasing an additional 935,781 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Zscaler by 52.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock worth $269,285,000 after purchasing an additional 661,413 shares during the last quarter. Amundi grew its position in Zscaler by 12.8% during the 2nd quarter. Amundi now owns 1,137,837 shares of the company’s stock worth $160,606,000 after purchasing an additional 129,563 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Zscaler by 23.5% in the second quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock valued at $155,718,000 after purchasing an additional 209,711 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.
Zscaler Stock Performance
NASDAQ ZS opened at $231.33 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $194.52 and its two-hundred day moving average is $161.88. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The stock has a market capitalization of $37.72 billion, a price-to-earnings ratio of -593.15, a PEG ratio of 20.61 and a beta of 0.94.
Zscaler (NASDAQ:ZS – Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. The business had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Research analysts expect that Zscaler, Inc. will post 0.69 EPS for the current year.
Insiders Place Their Bets
In related news, insider Robert Schlossman sold 5,394 shares of the company’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the transaction, the insider owned 61,525 shares of the company’s stock, valued at $12,305,000. This represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 23,958 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $225.43, for a total value of $5,400,851.94. Following the completion of the transaction, the insider owned 38,308 shares of the company’s stock, valued at $8,635,772.44. The trade was a 38.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 54,053 shares of company stock worth $11,256,876. Insiders own 17.20% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on ZS shares. Scotiabank upped their target price on shares of Zscaler from $240.00 to $255.00 and gave the company a “sector outperform” rating in a report on Wednesday, October 7th. Needham & Company LLC raised their price target on Zscaler from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Jefferies Financial Group raised their price target on Zscaler from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Wedbush increased their price objective on Zscaler from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 7th. Finally, Sanford C. Bernstein lifted their price objective on shares of Zscaler from $224.00 to $298.00 and gave the company an “outperform” rating in a research report on Thursday, September 17th. Thirty-six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.44.
Check Out Our Latest Report on Zscaler
Zscaler Company Profile
Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.
The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.
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