L & S Advisors Inc Purchases 193 Shares of Zscaler, Inc. (NASDAQ:ZS)

L & S Advisors Inc grew its position in Zscaler, Inc. (NASDAQ:ZS) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,716 shares of the company’s stock after purchasing an additional 193 shares during the period. L & S Advisors Inc’s holdings in Zscaler were worth $1,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC acquired a new position in Zscaler during the second quarter worth $28,000. Jones Financial Companies Lllp bought a new stake in Zscaler during the 4th quarter worth about $29,000. Quadrant Capital Group LLC boosted its stake in shares of Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after buying an additional 70 shares during the last quarter. Asset Dedication LLC grew its holdings in shares of Zscaler by 436.8% in the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after acquiring an additional 166 shares in the last quarter. Finally, American Capital Advisory LLC acquired a new stake in shares of Zscaler in the second quarter valued at about $50,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZS has been the subject of several recent research reports. Cantor Fitzgerald reduced their price target on Zscaler from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Robert W. Baird cut their price objective on Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Stifel Nicolaus reissued a “buy” rating and issued a $220.00 target price on shares of Zscaler in a research note on Wednesday, September 4th. Oppenheimer dropped their price target on shares of Zscaler from $260.00 to $230.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Finally, Barclays cut their price target on shares of Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus target price of $218.39.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $170.32 on Wednesday. Zscaler, Inc. has a one year low of $146.59 and a one year high of $259.61. The company has a market cap of $25.97 billion, a price-to-earnings ratio of -333.96 and a beta of 0.82. The firm has a 50 day simple moving average of $183.45 and a 200 day simple moving average of $183.94.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The company had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. Zscaler’s revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.17) EPS. As a group, analysts expect that Zscaler, Inc. will post -0.92 EPS for the current year.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 7,981 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the completion of the transaction, the chief financial officer now owns 243,486 shares of the company’s stock, valued at $43,148,154.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 19.20% of the company’s stock.

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.