Geneos Wealth Management Inc. Has $518,000 Position in Zscaler, Inc. (NASDAQ:ZS)

Posted by on Jul 13th, 2023

Geneos Wealth Management Inc. cut its holdings in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,431 shares of the company’s stock after selling 153 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Zscaler were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. D.A. Davidson & CO. grew its holdings in Zscaler by 3.8% in the 1st quarter. D.A. Davidson & CO. now owns 2,986 shares of the company’s stock valued at $349,000 after buying an additional 110 shares in the last quarter. Bank Hapoalim BM grew its holdings in Zscaler by 22.8% in the 1st quarter. Bank Hapoalim BM now owns 21,334 shares of the company’s stock valued at $2,492,000 after buying an additional 3,967 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Zscaler by 16.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 86,986 shares of the company’s stock valued at $10,163,000 after buying an additional 12,005 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Zscaler by 1.9% during the 1st quarter. Mackenzie Financial Corp now owns 10,458 shares of the company’s stock valued at $1,222,000 after acquiring an additional 196 shares during the period. Finally, DB Fitzpatrick & Co Inc lifted its position in shares of Zscaler by 153.5% during the 1st quarter. DB Fitzpatrick & Co Inc now owns 4,941 shares of the company’s stock valued at $577,000 after acquiring an additional 2,992 shares during the period. 45.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZS has been the subject of a number of recent analyst reports. Barclays upped their target price on Zscaler from $127.00 to $145.00 in a research report on Friday, June 2nd. Stifel Nicolaus upped their price objective on Zscaler from $150.00 to $180.00 in a research report on Friday, June 16th. UBS Group upped their price objective on Zscaler from $170.00 to $175.00 in a research report on Friday, June 2nd. Rosenblatt Securities initiated coverage on Zscaler in a research report on Monday, May 1st. They set a “buy” rating and a $135.00 price objective for the company. Finally, Needham & Company LLC restated a “strong-buy” rating and set a $210.00 price objective on shares of Zscaler in a research report on Tuesday, April 11th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.38.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 12,500 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $145.53, for a total value of $1,819,125.00. Following the completion of the sale, the chief financial officer now directly owns 297,565 shares of the company’s stock, valued at $43,304,634.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Dali Rajic sold 22,000 shares of Zscaler stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $141.50, for a total value of $3,113,000.00. Following the completion of the transaction, the chief operating officer now directly owns 306,406 shares in the company, valued at $43,356,449. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Remo Canessa sold 12,500 shares of Zscaler stock in a transaction on Monday, July 10th. The shares were sold at an average price of $145.53, for a total value of $1,819,125.00. Following the completion of the transaction, the chief financial officer now owns 297,565 shares of the company’s stock, valued at $43,304,634.45. The disclosure for this sale can be found here. Insiders sold 67,611 shares of company stock valued at $10,063,461 over the last ninety days. 19.80% of the stock is currently owned by insiders.

Zscaler Stock Performance

Shares of Zscaler stock opened at $137.68 on Thursday. The business’s fifty day simple moving average is $136.29 and its 200 day simple moving average is $122.10. The firm has a market capitalization of $20.09 billion, a P/E ratio of -72.85 and a beta of 0.85. Zscaler, Inc. has a 12 month low of $84.93 and a 12 month high of $194.21. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.90.

Zscaler (NASDAQ:ZS – Get Free Report) last released its earnings results on Thursday, June 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Zscaler had a negative return on equity of 39.82% and a negative net margin of 18.20%. The business had revenue of $418.80 million during the quarter, compared to the consensus estimate of $411.55 million. During the same period last year, the business posted ($0.61) earnings per share. The business’s revenue for the quarter was up 46.0% on a year-over-year basis. As a group, analysts anticipate that Zscaler, Inc. will post -1.14 EPS for the current year.

Zscaler Company Profile

(Free Report)

Zscaler, Inc operates as a cloud security company worldwide. It 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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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