Wealthcare Advisory Partners LLC Grows Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Wealthcare Advisory Partners LLC raised its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 88.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,470 shares of the company's stock after buying an additional 2,104 shares during the period. Wealthcare Advisory Partners LLC's holdings in Zscaler were worth $806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Zscaler by 13.2% during the second quarter. Dimensional Fund Advisors LP now owns 160,828 shares of the company's stock worth $30,908,000 after purchasing an additional 18,758 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Zscaler by 7.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,412 shares of the company's stock valued at $1,230,000 after acquiring an additional 472 shares during the period. Intech Investment Management LLC raised its stake in shares of Zscaler by 69.0% during the second quarter. Intech Investment Management LLC now owns 7,910 shares of the company's stock valued at $1,520,000 after acquiring an additional 3,230 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Zscaler by 13.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the company's stock worth $529,000 after purchasing an additional 334 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Zscaler by 57.7% in the second quarter. Canada Pension Plan Investment Board now owns 15,436 shares of the company's stock worth $2,967,000 after purchasing an additional 5,645 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

Zscaler Stock Performance

Shares of Zscaler stock traded up $0.03 on Monday, hitting $187.58. 1,303,200 shares of the company's stock were exchanged, compared to its average volume of 1,444,462. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The company has a 50-day simple moving average of $196.44 and a 200-day simple moving average of $187.99. The stock has a market capitalization of $28.78 billion, a PE ratio of -750.32 and a beta of 0.87.

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

Insider Activity

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now owns 358,569 shares in the company, valued at $71,828,542.08. The trade was a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the insider now directly owns 142,866 shares in the company, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock worth $2,052,879 over the last ninety days. Corporate insiders own 18.10% of the company's stock.

Wall Street Analysts Forecast Growth

ZS has been the subject of several recent analyst reports. BTIG Research increased their price objective on shares of Zscaler from $205.00 to $238.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft upped their target price on Zscaler from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Jefferies Financial Group lifted their target price on Zscaler from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Guggenheim reiterated a "neutral" rating on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, KeyCorp raised their price target on shares of Zscaler from $245.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $224.84.

Zscaler Company 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.