12,000 Shares in Zscaler Inc (ZS) Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. acquired a new position in shares of Zscaler Inc (NASDAQ:ZS) in the 3rd quarter, HoldingsChannel reports. The fund acquired 12,000 shares of the company’s stock, valued at approximately $489,000.

Several other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Zscaler by 305.1% in the 2nd quarter. FMR LLC now owns 5,260,146 shares of the company’s stock valued at $188,050,000 after purchasing an additional 3,961,759 shares during the period. BlackRock Inc. boosted its position in shares of Zscaler by 23,211.1% in the 2nd quarter. BlackRock Inc. now owns 948,061 shares of the company’s stock valued at $33,893,000 after purchasing an additional 943,994 shares during the period. Waddell & Reed Financial Inc. boosted its position in shares of Zscaler by 602.0% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 410,809 shares of the company’s stock valued at $14,686,000 after purchasing an additional 352,289 shares during the period. Sandler Capital Management acquired a new stake in shares of Zscaler in the 2nd quarter valued at about $10,142,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Zscaler by 16.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,649,765 shares of the company’s stock valued at $67,277,000 after purchasing an additional 231,351 shares during the period. 26.42% of the stock is owned by institutional investors and hedge funds.

ZS opened at $33.85 on Friday. Zscaler Inc has a 52 week low of $24.76 and a 52 week high of $48.24.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Wednesday, September 5th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The company had revenue of $56.20 million for the quarter, compared to analysts’ expectations of $50.72 million. The firm’s revenue was up 53.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share. On average, sell-side analysts anticipate that Zscaler Inc will post -0.33 earnings per share for the current fiscal year.

A number of analysts recently issued reports on ZS shares. Morgan Stanley upped their target price on Zscaler from $31.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, September 6th. Robert W. Baird reissued an “outperform” rating on shares of Zscaler in a research report on Thursday, October 18th. BTIG Research cut Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research report on Monday, September 10th. They noted that the move was a valuation call. Wedbush started coverage on Zscaler in a research report on Thursday, October 18th. They issued an “outperform” rating and a $48.00 target price for the company. Finally, Credit Suisse Group upped their target price on Zscaler from $38.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $37.58.

In other Zscaler news, EVP Amit Sinha sold 4,807 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $34.90, for a total transaction of $167,764.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Manoj Apte sold 107,544 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $41.88, for a total value of $4,503,942.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,614 shares of company stock valued at $11,192,127. 27.40% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “12,000 Shares in Zscaler Inc (ZS) Acquired by Prescott Group Capital Management L.L.C.” was published by WKRB News and is the property of of WKRB News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.wkrb13.com/2018/11/24/12000-shares-in-zscaler-inc-zs-acquired-by-prescott-group-capital-management-l-l-c.html.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

See Also: Intrinsic Value

Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zscaler Inc (NASDAQ:ZS).

Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply