First Hawaiian Bank Acquires 270 Shares of Zscaler, Inc. (NASDAQ:ZS)

First Hawaiian Bank grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,615 shares of the company’s stock after acquiring an additional 270 shares during the period. First Hawaiian Bank’s holdings in Zscaler were worth $695,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ZS. GAMMA Investing LLC raised its position in shares of Zscaler by 21.3% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $73,000 after purchasing an additional 67 shares during the period. Red Spruce Capital LLC raised its position in shares of Zscaler by 3.9% during the 2nd quarter. Red Spruce Capital LLC now owns 15,284 shares of the company’s stock valued at $2,937,000 after purchasing an additional 569 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Zscaler by 2.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 254,627 shares of the company’s stock valued at $48,970,000 after acquiring an additional 5,317 shares during the last quarter. Cambridge Trust Co. increased its holdings in Zscaler by 133.3% in the 1st quarter. Cambridge Trust Co. now owns 700 shares of the company’s stock valued at $135,000 after acquiring an additional 400 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Zscaler in the 1st quarter valued at $3,877,000. 46.45% of the stock is currently owned by institutional investors.

Zscaler Price Performance

NASDAQ:ZS traded down $4.29 during trading hours on Monday, reaching $165.23. 2,144,887 shares of the company were exchanged, compared to its average volume of 2,172,255. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average is $184.51 and its 200-day moving average is $197.20. The firm has a market cap of $24.97 billion, a PE ratio of -332.39 and a beta of 0.85. Zscaler, Inc. has a twelve month low of $131.59 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, May 30th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.39. The company had revenue of $553.20 million during the quarter, compared to analysts’ expectations of $535.55 million. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZS has been the topic of a number of research reports. JMP Securities reiterated a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a report on Monday, June 17th. Morgan Stanley reduced their price target on shares of Zscaler from $214.00 to $202.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Susquehanna dropped their price objective on shares of Zscaler from $275.00 to $210.00 and set a “positive” rating for the company in a research note on Friday, May 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Zscaler in a research note on Friday, June 21st. Finally, Mizuho cut shares of Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price objective for the company. in a research note on Tuesday, July 16th. Eight analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average price target of $225.21.

Insider Activity

In related news, CFO Remo Canessa sold 4,689 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $180.93, for a total transaction of $848,380.77. Following the completion of the sale, the chief financial officer now directly owns 251,467 shares in the company, valued at $45,497,924.31. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 19.20% of the company’s stock.

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.