Mitchell Capital Management Co. Has $3.54 Million Holdings in Zscaler, Inc. (NASDAQ:ZS)

Mitchell Capital Management Co. lessened its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,627 shares of the company’s stock after selling 1,161 shares during the quarter. Mitchell Capital Management Co.’s holdings in Zscaler were worth $3,541,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ZS. Fred Alger Management LLC grew its position in shares of Zscaler by 1,151.0% in the third quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock valued at $1,773,000 after purchasing an additional 9,542 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Zscaler by 11.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after purchasing an additional 37,801 shares during the last quarter. Zweig DiMenna Associates LLC grew its position in shares of Zscaler by 29.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock valued at $14,061,000 after purchasing an additional 17,900 shares during the last quarter. Baader Bank Aktiengesellschaft grew its position in shares of Zscaler by 30.3% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock valued at $1,515,000 after purchasing an additional 1,952 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Zscaler by 1,786.5% in the third quarter. Van ECK Associates Corp now owns 15,073 shares of the company’s stock valued at $2,728,000 after purchasing an additional 14,274 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Up 2.2 %

NASDAQ ZS opened at $196.23 on Friday. The company has a market capitalization of $30.11 billion, a price-to-earnings ratio of -784.92 and a beta of 0.89. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $243.94. The stock has a fifty day simple moving average of $195.64 and a 200 day simple moving average of $191.49.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. Zscaler’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share. Research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Remo Canessa sold 3,703 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the sale, the chief financial officer now owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock worth $2,052,879 over the last three months. Company insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

ZS has been the topic of several research reports. Susquehanna upped their target price on Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Morgan Stanley reduced their price target on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 3rd. BMO Capital Markets increased their price target on Zscaler from $197.00 to $222.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Scotiabank increased their price target on Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $226.56.

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.