Nisa Investment Advisors LLC Boosts Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Posted by on Apr 27th, 2023

Nisa Investment Advisors LLC boosted its holdings in Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 2,730.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,615 shares of the company’s stock after buying an additional 10,240 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Zscaler were worth $1,188,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in shares of Zscaler during the first quarter worth about $168,365,000. Marshall Wace LLP grew its holdings in shares of Zscaler by 1,278.9% during the third quarter. Marshall Wace LLP now owns 453,939 shares of the company’s stock worth $74,616,000 after purchasing an additional 421,019 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Zscaler by 55,282.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,895 shares of the company’s stock worth $31,544,000 after purchasing an additional 281,386 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Zscaler by 17.0% during the third quarter. Artisan Partners Limited Partnership now owns 1,865,180 shares of the company’s stock worth $306,580,000 after purchasing an additional 271,360 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Zscaler by 238.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 253,595 shares of the company’s stock worth $41,683,000 after purchasing an additional 178,585 shares during the last quarter. Hedge funds and other institutional investors own 45.33% of the company’s stock.

Analyst Ratings Changes

ZS has been the topic of a number of research reports. Needham & Company LLC reissued a “strong-buy” rating and set a $210.00 price target on shares of Zscaler in a report on Tuesday, April 11th. Wedbush lowered their price target on Zscaler from $180.00 to $150.00 in a report on Friday, March 3rd. Scotiabank initiated coverage on Zscaler in a report on Tuesday, January 17th. They set a “sector outperform” rating and a $115.00 price target on the stock. Capital One Financial initiated coverage on Zscaler in a report on Friday, March 17th. They set an “equal weight” rating and a $125.00 price target on the stock. Finally, Morgan Stanley lowered Zscaler from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $162.00 to $120.00 in a report on Thursday, January 12th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $170.14.

Insider Activity

In related news, CEO Jagtar Singh Chaudhry sold 900 shares of Zscaler stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $96,111.00. Following the transaction, the chief executive officer now owns 322,649 shares in the company, valued at approximately $34,455,686.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 900 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total value of $96,111.00. Following the transaction, the chief executive officer now owns 322,649 shares in the company, valued at approximately $34,455,686.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Dali Rajic sold 5,638 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $106.79, for a total transaction of $602,082.02. Following the completion of the transaction, the chief operating officer now owns 291,182 shares in the company, valued at approximately $31,095,325.78. The disclosure for this sale can be found here. Insiders sold 16,412 shares of company stock valued at $1,752,637 in the last ninety days. Company insiders own 19.80% of the company’s stock.

Zscaler Price Performance

ZS stock opened at $93.07 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.16. Zscaler, Inc. has a one year low of $92.27 and a one year high of $217.40. The company has a 50 day moving average price of $113.01 and a two-hundred day moving average price of $122.94.

Zscaler (NASDAQ:ZS – Get Rating) last released its earnings results on Thursday, March 2nd. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.08. The firm had revenue of $387.60 million during the quarter, compared to analysts’ expectations of $363.80 million. Zscaler had a negative net margin of 24.08% and a negative return on equity of 50.58%. As a group, sell-side analysts forecast that Zscaler, Inc. will post -1.21 EPS for the current fiscal year.

About Zscaler

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Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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