Vestor Capital LLC Acquires 25,165 Shares of Zscaler, Inc. (NASDAQ:ZS)

Vestor Capital LLC increased its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 60.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,060 shares of the company's stock after acquiring an additional 25,165 shares during the period. Zscaler makes up approximately 1.4% of Vestor Capital LLC's investment portfolio, making the stock its 23rd biggest position. Vestor Capital LLC's holdings in Zscaler were worth $14,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZS. GAMMA Investing LLC bought a new position in shares of Zscaler in the 4th quarter worth $37,000. Parkside Financial Bank & Trust boosted its position in shares of Zscaler by 582.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company's stock worth $35,000 after buying an additional 134 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of Zscaler in the third quarter valued at approximately $32,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company's stock valued at $46,000 after acquiring an additional 109 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its position in Zscaler by 41.1% during the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company's stock worth $53,000 after purchasing an additional 69 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Trading Up 1.5 %

Shares of Zscaler stock traded up $2.66 during trading on Friday, reaching $174.62. The company's stock had a trading volume of 1,405,423 shares, compared to its average volume of 2,168,524. The company has a market cap of $26.18 billion, a price-to-earnings ratio of -183.81 and a beta of 0.85. The firm's 50-day moving average is $187.21 and its two-hundred day moving average is $203.56. Zscaler, Inc. has a 52-week low of $113.16 and a 52-week high of $259.61. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its earnings results 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 net margin of 7.32% and a negative return on equity of 14.60%. The firm had revenue of $525.00 million for the quarter, compared to analysts' expectations of $507.56 million. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZS has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Zscaler from $189.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, March 4th. BMO Capital Markets decreased their target price on Zscaler from $268.00 to $255.00 and set an "outperform" rating for the company in a research report on Friday, March 1st. KeyCorp raised Zscaler from a "sector weight" rating to an "overweight" rating and set a $220.00 price target on the stock in a research report on Thursday, April 18th. Morgan Stanley raised their price objective on Zscaler from $195.00 to $214.00 and gave the stock an "equal weight" rating in a research report on Monday, February 26th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $270.00 target price on shares of Zscaler in a report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Zscaler presently has an average rating of "Moderate Buy" and a consensus price target of $230.24.

Insider Activity

In other news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the sale, the director now directly owns 40,372 shares in the company, valued at $10,129,334.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zscaler news, insider Syam Nair sold 2,893 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were 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 directly owns 137,294 shares in the company, valued at $26,518,336.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Karen Blasing sold 7,000 shares of the firm's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the sale, the director now owns 40,372 shares in the company, valued at $10,129,334.80. The disclosure for this sale can be found here. Insiders have sold a total of 19,715 shares of company stock valued at $4,212,202 over the last ninety days. 19.20% of the stock is currently owned by corporate 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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