Hudson Value Partners LLC Has $446,000 Stake in Zscaler, Inc. (NASDAQ:ZS)

Hudson Value Partners LLC lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,612 shares of the company’s stock after buying an additional 125 shares during the quarter. Hudson Value Partners LLC’s holdings in Zscaler were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Zscaler by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 8,961,774 shares of the company’s stock worth $1,726,307,000 after buying an additional 118,002 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Zscaler by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 496,047 shares of the company’s stock worth $95,335,000 after acquiring an additional 25,181 shares in the last quarter. Federated Hermes Inc. grew its holdings in Zscaler by 18.3% in the second quarter. Federated Hermes Inc. now owns 394,698 shares of the company’s stock worth $75,857,000 after purchasing an additional 61,037 shares during the period. Acadian Asset Management LLC increased its stake in Zscaler by 0.9% in the first quarter. Acadian Asset Management LLC now owns 336,197 shares of the company’s stock valued at $64,744,000 after purchasing an additional 2,937 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of Zscaler by 14.4% during the second quarter. Ensign Peak Advisors Inc now owns 295,525 shares of the company’s stock valued at $56,797,000 after purchasing an additional 37,137 shares during the period. Institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America cut Zscaler from a “buy” rating to a “neutral” rating and cut their target price for the stock from $265.00 to $195.00 in a report on Wednesday, September 4th. Barclays decreased their target price on shares of Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Cantor Fitzgerald dropped their price target on shares of Zscaler from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Stifel Nicolaus reissued a “buy” rating and set a $220.00 price objective on shares of Zscaler in a report on Wednesday, September 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.73.

Zscaler Stock Up 1.9 %

ZS opened at $196.71 on Friday. The business’s fifty day simple moving average is $179.14 and its 200 day simple moving average is $181.35. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The stock has a market cap of $30.00 billion, a PE ratio of -491.76 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The business had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. During the same period last year, the business earned ($0.17) earnings per share. The business’s quarterly revenue was up 30.3% on a year-over-year basis. As a group, equities analysts anticipate that Zscaler, Inc. will post -0.95 earnings per share for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now owns 105,806 shares of the company’s stock, valued at $19,224,950.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $488,490.56. Following the completion of the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now owns 105,806 shares of the company’s stock, valued at $19,224,950.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,502 shares of company stock worth $5,256,651. 19.20% of the stock is currently owned by insiders.

Zscaler 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.