North Star Asset Management Inc. Acquires 3,459 Shares of Zscaler, Inc. (NASDAQ:ZS)

North Star Asset Management Inc. increased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,067 shares of the company’s stock after purchasing an additional 3,459 shares during the period. North Star Asset Management Inc.’s holdings in Zscaler were worth $6,740,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ZS. Sierra Summit Advisors LLC bought a new stake in Zscaler in the 4th quarter worth approximately $5,609,000. State Board of Administration of Florida Retirement System raised its stake in Zscaler by 6.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 103,937 shares of the company’s stock valued at $20,021,000 after purchasing an additional 6,683 shares in the last quarter. Norges Bank bought a new position in Zscaler during the fourth quarter valued at $117,599,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Zscaler by 9.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 116,691 shares of the company’s stock worth $22,478,000 after buying an additional 9,689 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Zscaler by 40.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,438 shares of the company’s stock worth $470,000 after buying an additional 696 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zscaler

In related news, CFO Remo Canessa sold 7,981 shares of Zscaler stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the transaction, the chief financial officer now owns 243,486 shares in the company, valued at $43,148,154.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 19.20% of the stock is owned by insiders.

Zscaler Trading Down 3.4 %

Shares of ZS stock opened at $156.78 on Friday. Zscaler, Inc. has a 1-year low of $146.59 and a 1-year high of $259.61. The company has a market cap of $23.70 billion, a price-to-earnings ratio of -307.41 and a beta of 0.82. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a 50 day simple moving average of $187.65 and a 200-day simple moving average of $187.65.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.18. Zscaler had a negative return on equity of 3.75% and a negative net margin of 2.66%. The company had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. During the same period in the previous year, the firm posted ($0.17) EPS. Zscaler’s revenue was up 30.3% compared to the same quarter last year. On average, equities research analysts expect that Zscaler, Inc. will post -0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZS. Rosenblatt Securities reiterated a “neutral” rating and set a $190.00 price objective on shares of Zscaler in a research report on Wednesday. Loop Capital cut their price objective on Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday. BMO Capital Markets lowered their target price on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a research note on Wednesday. Robert W. Baird lowered their price objective on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $220.00 target price on shares of Zscaler in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.39.

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.