Guggenheim Capital LLC Has $10.91 Million Holdings in Zscaler, Inc. $ZS

Guggenheim Capital LLC reduced its holdings in Zscaler, Inc. (NASDAQ:ZS) by 22.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,969 shares of the company’s stock after selling 15,843 shares during the quarter. Guggenheim Capital LLC’s holdings in Zscaler were worth $10,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Zscaler by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 186,781 shares of the company’s stock worth $33,704,000 after buying an additional 12,108 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Zscaler during the 4th quarter worth $216,000. Susquehanna Fundamental Investments LLC acquired a new position in Zscaler during the 4th quarter worth $783,000. Beacon Pointe Advisors LLC lifted its holdings in Zscaler by 2.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 11,889 shares of the company’s stock worth $2,145,000 after buying an additional 261 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Zscaler by 23.1% during the 4th quarter. Northern Trust Corp now owns 638,042 shares of the company’s stock worth $115,109,000 after buying an additional 119,536 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Trading Up 2.7%

ZS stock opened at $280.42 on Friday. The business’s 50-day moving average price is $289.72 and its two-hundred day moving average price is $248.37. The firm has a market cap of $43.66 billion, a PE ratio of -1,078.54, a P/E/G ratio of 291.28 and a beta of 1.06. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $318.46.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, May 29th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. The firm had revenue of $678.03 million for the quarter, compared to analyst estimates of $667.13 million. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%.The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. On average, analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JMP Securities upped their price objective on Zscaler from $310.00 to $355.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 1st. KeyCorp raised their price target on Zscaler from $290.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. FBN Securities raised Zscaler to a “strong-buy” rating in a research note on Friday, May 30th. Royal Bank Of Canada lifted their price objective on Zscaler from $288.00 to $304.00 and gave the stock an “outperform” rating in a research note on Friday, May 30th. Finally, Rosenblatt Securities lifted their price objective on Zscaler from $235.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.49.

Insider Activity

In other Zscaler news, insider Syam Nair sold 4,064 shares of Zscaler stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $1,234,236.80. Following the transaction, the insider directly owned 106,659 shares in the company, valued at approximately $32,392,338.30. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Schlossman sold 4,618 shares of Zscaler stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $300.00, for a total value of $1,385,400.00. Following the transaction, the insider owned 95,612 shares in the company, valued at approximately $28,683,600. This represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,256 shares of company stock valued at $50,618,544. Company insiders own 18.10% of the company’s stock.

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.