Lmcg Investments LLC Increases Holdings in Zscaler, Inc. (NASDAQ:ZS)

Lmcg Investments LLC increased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,845 shares of the company’s stock after acquiring an additional 1,616 shares during the period. Lmcg Investments LLC’s holdings in Zscaler were worth $2,678,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Prestige Wealth Management Group LLC acquired a new position in shares of Zscaler during the 3rd quarter worth approximately $31,000. True Wealth Design LLC raised its holdings in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after acquiring an additional 185 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares in the last quarter. Modus Advisors LLC purchased a new stake in Zscaler during the 4th quarter worth about $36,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Zscaler in the 3rd quarter valued at about $38,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a report on Monday, November 18th. JMP Securities reissued a “market outperform” rating and issued a $240.00 price objective (down from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. Susquehanna upped their target price on Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research report on Tuesday, December 3rd. Finally, KeyCorp raised their target price on Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $224.84.

Zscaler Stock Up 0.0 %

ZS stock opened at $187.58 on Tuesday. The company has a 50-day simple moving average of $196.20 and a 200 day simple moving average of $187.91. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. During the same period last year, the firm posted ($0.18) earnings per share. The business’s revenue was up 26.4% on a year-over-year basis. On average, equities research analysts predict that Zscaler, Inc. will post -0.16 EPS for the current year.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares in the company, valued at $28,618,917.12. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,248 shares of company stock valued at $2,052,879. Corporate insiders own 18.10% 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.