Louisiana State Employees Retirement System Takes $2.61 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Louisiana State Employees Retirement System acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,800 shares of the company's stock, valued at approximately $2,614,000.

Other large investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its holdings in Zscaler by 1.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company's stock valued at $585,000 after buying an additional 63 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Zscaler by 2.7% in the 1st quarter. International Assets Investment Management LLC now owns 2,558 shares of the company's stock valued at $617,000 after purchasing an additional 67 shares in the last quarter. Xponance Inc. raised its holdings in Zscaler by 0.6% in the 3rd quarter. Xponance Inc. now owns 12,411 shares of the company's stock worth $1,931,000 after purchasing an additional 68 shares during the period. CWM LLC boosted its position in Zscaler by 13.8% during the third quarter. CWM LLC now owns 637 shares of the company's stock worth $99,000 after purchasing an additional 77 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in Zscaler by 2.6% in the third quarter. M&T Bank Corp now owns 3,079 shares of the company's stock valued at $479,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.

Zscaler Stock Down 0.3 %

Zscaler stock traded down $0.53 during mid-day trading on Tuesday, reaching $174.32. The company's stock had a trading volume of 1,498,350 shares, compared to its average volume of 2,291,587. Zscaler, Inc. has a 12 month low of $84.93 and a 12 month high of $259.61. The company has a market capitalization of $26.12 billion, a price-to-earnings ratio of -184.05 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The business's 50 day simple moving average is $211.96 and its 200 day simple moving average is $202.89.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $507.56 million. As a group, research analysts anticipate that Zscaler, Inc. will post -0.81 earnings per share for the current year.

Insider Activity

In other news, Director Karen Blasing sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $224.47, for a total value of $1,571,290.00. Following the transaction, the director now owns 35,706 shares in the company, valued at approximately $8,014,925.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the sale, the insider now directly owns 137,294 shares in the company, valued at $26,518,336.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen Blasing sold 7,000 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $224.47, for a total value of $1,571,290.00. Following the transaction, the director now directly owns 35,706 shares of the company's stock, valued at $8,014,925.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,715 shares of company stock worth $7,437,172. Insiders own 19.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ZS. Rosenblatt Securities boosted their target price on Zscaler from $285.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Barclays lowered their price objective on Zscaler from $259.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, March 1st. Cantor Fitzgerald reiterated a "neutral" rating and set a $230.00 price target on shares of Zscaler in a report on Wednesday, March 27th. Macquarie reiterated an "outperform" rating and set a $245.00 price target on shares of Zscaler in a research report on Tuesday, March 19th. Finally, Oppenheimer increased their price objective on shares of Zscaler from $245.00 to $290.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 3rd. Six analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $230.55.

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.