Public Employees Retirement Association of Colorado Decreases Holdings in Zscaler, Inc. (NASDAQ:ZS)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 0.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,923 shares of the company’s stock after selling 279 shares during the period. Public Employees Retirement Association of Colorado owned 0.06% of Zscaler worth $17,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Spire Wealth Management increased its position in shares of Zscaler by 24.5% during the fourth quarter. Spire Wealth Management now owns 249 shares of the company’s stock worth $58,000 after purchasing an additional 49 shares in the last quarter. US Bancorp DE increased its position in shares of Zscaler by 0.3% during the fourth quarter. US Bancorp DE now owns 22,944 shares of the company’s stock worth $5,083,000 after purchasing an additional 59 shares in the last quarter. Kovack Advisors Inc. increased its position in shares of Zscaler by 3.4% during the first quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock worth $393,000 after purchasing an additional 67 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Zscaler by 41.1% during the fourth quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after purchasing an additional 69 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Zscaler by 66.7% during the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Trading Down 0.1 %

Shares of ZS stock traded down $0.18 on Monday, reaching $181.18. 564,188 shares of the stock were exchanged, compared to its average volume of 2,190,930. The stock has a market cap of $27.39 billion, a P/E ratio of -354.90 and a beta of 0.84. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average of $184.39 and a two-hundred day moving average of $199.08. Zscaler, Inc. has a 1-year low of $131.59 and a 1-year high of $259.61.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZS. Morgan Stanley lowered their price objective on Zscaler from $214.00 to $202.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Raymond James started coverage on Zscaler in a research note on Tuesday, July 23rd. They set a “market perform” rating on the stock. Wells Fargo & Company reissued an “equal weight” rating and set a $182.00 price target (down previously from $275.00) on shares of Zscaler in a research note on Tuesday, May 28th. Royal Bank of Canada boosted their price target on Zscaler from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Finally, Citigroup decreased their price target on Zscaler from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.21.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 7,981 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total value of $1,414,313.01. Following the completion of the sale, the chief financial officer now directly owns 243,486 shares in the company, valued at approximately $43,148,154.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 19.20% of the stock is owned by insiders.

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.