Intellectus Partners LLC Invests $201,000 in Zscaler, Inc. (NASDAQ:ZS)

Intellectus Partners LLC acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,011 shares of the company's stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZS. KRS Capital Management LLC lifted its holdings in Zscaler by 5.0% in the 1st quarter. KRS Capital Management LLC now owns 3,425 shares of the company's stock valued at $680,000 after purchasing an additional 164 shares in the last quarter. E. Ohman J or Asset Management AB raised its position in shares of Zscaler by 28.6% in the first quarter. E. Ohman J or Asset Management AB now owns 4,950 shares of the company's stock valued at $982,000 after buying an additional 1,100 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new position in shares of Zscaler in the first quarter valued at approximately $256,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Zscaler by 295.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 158 shares of the company's stock valued at $31,000 after buying an additional 118 shares during the period. Finally, Lmcg Investments LLC boosted its position in Zscaler by 29.2% during the first quarter. Lmcg Investments LLC now owns 19,184 shares of the company's stock worth $3,806,000 after acquiring an additional 4,339 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZS. BMO Capital Markets boosted their price target on Zscaler from $233.00 to $295.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Stifel Nicolaus upped their target price on Zscaler from $270.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, May 30th. FBN Securities raised Zscaler to a "strong-buy" rating in a research note on Friday, May 30th. Stephens restated an "overweight" rating and issued a $255.00 price target on shares of Zscaler in a report on Tuesday, May 27th. Finally, Jefferies Financial Group cut their price objective on shares of Zscaler from $245.00 to $240.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Ten analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $283.85.

Zscaler Trading Up 0.7%

NASDAQ ZS opened at $303.03 on Friday. The stock has a market cap of $46.89 billion, a P/E ratio of -1,212.12 and a beta of 1.14. The company's fifty day simple moving average is $229.85 and its 200-day simple moving average is $209.54. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $306.78.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. The firm had revenue of $678.03 million for the quarter, compared to analyst estimates of $667.13 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm's revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. On average, research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 2,878 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $573,153.70. Following the transaction, the insider now directly owns 107,587 shares in the company, valued at $21,425,951.05. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Ajay Mangal sold 190,480 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the transaction, the insider now directly owns 2,580,210 shares of the company's stock, valued at approximately $517,822,344.90. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 266,722 shares of company stock worth $57,583,648 in the last three months. 18.10% of the stock is owned by insiders.

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.

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