Wealth Enhancement Advisory Services LLC Has $1.99 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,666 shares of the company’s stock after acquiring an additional 151 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Zscaler were worth $1,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZS. Quest Partners LLC bought a new stake in Zscaler in the second quarter valued at approximately $28,000. Choreo LLC acquired a new position in shares of Zscaler in the 2nd quarter worth approximately $414,000. BOKF NA increased its position in shares of Zscaler by 2,159.5% during the second quarter. BOKF NA now owns 1,672 shares of the company’s stock worth $321,000 after buying an additional 1,598 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of Zscaler during the second quarter worth $227,000. Finally, Rathbones Group PLC raised its stake in Zscaler by 9.8% during the second quarter. Rathbones Group PLC now owns 3,131 shares of the company’s stock worth $602,000 after buying an additional 280 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zscaler news, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now directly owns 142,866 shares of the company’s stock, valued at $28,618,917.12. The trade was a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the completion of the transaction, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is currently owned by corporate insiders.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $184.69 on Wednesday. The company has a market cap of $28.34 billion, a price-to-earnings ratio of -738.76 and a beta of 0.87. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61. The firm has a fifty day moving average price of $196.90 and a two-hundred day moving average price of $188.24.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. Zscaler’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. Equities research analysts expect that Zscaler, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZS has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of Zscaler from $197.00 to $222.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Barclays raised their price objective on Zscaler from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Stifel Nicolaus increased their target price on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Morgan Stanley decreased their price target on shares of Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.84.

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.