Valicenti Advisory Services Inc. Boosts Stake in Zscaler, Inc. (NASDAQ:ZS)

Valicenti Advisory Services Inc. lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 18.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,056 shares of the company’s stock after purchasing an additional 2,386 shares during the period. Valicenti Advisory Services Inc.’s holdings in Zscaler were worth $2,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Zscaler by 32.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,135 shares of the company’s stock worth $1,903,000 after buying an additional 2,730 shares in the last quarter. International Assets Investment Management LLC raised its stake in Zscaler by 13,498.6% during the third quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock worth $48,769,000 after purchasing an additional 283,201 shares during the period. Private Advisor Group LLC raised its stake in Zscaler by 2.0% during the third quarter. Private Advisor Group LLC now owns 21,070 shares of the company’s stock worth $3,602,000 after purchasing an additional 415 shares during the period. Eastern Bank purchased a new position in Zscaler during the third quarter worth about $132,000. Finally, Signaturefd LLC raised its stake in Zscaler by 15.0% during the third quarter. Signaturefd LLC now owns 1,028 shares of the company’s stock worth $176,000 after purchasing an additional 134 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares in the company, valued at approximately $19,224,950.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $488,490.56. Following the completion of the transaction, the chief executive officer now owns 361,432 shares in the company, valued at approximately $61,906,072.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock worth $5,256,651 in the last 90 days. Corporate insiders own 19.20% of the company’s stock.

Zscaler Stock Up 1.6 %

NASDAQ ZS opened at $183.93 on Friday. Zscaler, Inc. has a 52 week low of $152.60 and a 52 week high of $259.61. The stock has a market capitalization of $27.80 billion, a PE ratio of -360.65 and a beta of 0.82. The firm has a 50 day moving average of $181.06 and a two-hundred day moving average of $180.75.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter in the previous year, the business posted ($0.17) EPS. The firm’s revenue was up 30.3% on a year-over-year basis. On average, equities research analysts expect that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZS has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of Zscaler in a research note on Wednesday, September 4th. Loop Capital reduced their target price on shares of Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Citigroup reduced their target price on shares of Zscaler from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. BNP Paribas started coverage on shares of Zscaler in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price target on the stock. Finally, Susquehanna reissued a “positive” rating and issued a $210.00 price target on shares of Zscaler in a research note on Thursday, September 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $216.73.

About Zscaler

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.