Bokf Na Acquires 1,598 Shares of Zscaler, Inc. (NASDAQ:ZS)

Bokf Na raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 2,159.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,672 shares of the company’s stock after buying an additional 1,598 shares during the period. Bokf Na’s holdings in Zscaler were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. 1832 Asset Management L.P. bought a new stake in shares of Zscaler during the 4th quarter worth $217,683,000. Norges Bank bought a new stake in Zscaler during the fourth quarter valued at about $117,599,000. Quadrature Capital Ltd acquired a new stake in shares of Zscaler in the first quarter valued at about $47,217,000. Vanguard Group Inc. increased its stake in shares of Zscaler by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company’s stock worth $1,959,426,000 after purchasing an additional 206,908 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Zscaler during the 1st quarter worth about $27,954,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ZS. UBS Group dropped their price target on Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley upped their target price on shares of Zscaler from $202.00 to $215.00 and gave the company an “equal weight” rating in a research note on Monday, August 26th. Citigroup decreased their price target on shares of Zscaler from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. BMO Capital Markets cut their price objective on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $220.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.39.

Zscaler Trading Up 1.0 %

Shares of NASDAQ ZS opened at $171.78 on Tuesday. Zscaler, Inc. has a 1-year low of $146.59 and a 1-year high of $259.61. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average of $183.45 and a two-hundred day moving average of $183.94. The company has a market cap of $25.96 billion, a PE ratio of -336.82 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.18. The firm had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative return on equity of 3.75% and a negative net margin of 2.66%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.17) EPS. As a group, equities analysts expect that Zscaler, Inc. will post -0.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Zscaler

In related news, CFO Remo Canessa sold 7,981 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $177.21, for a total value of $1,414,313.01. Following the transaction, the chief financial officer now directly owns 243,486 shares in the company, valued at $43,148,154.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 19.20% of the company’s stock.

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.