Chicago Equity Partners LLC Acquires New Stake in Zscaler Inc (ZS)

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Chicago Equity Partners LLC acquired a new stake in shares of Zscaler Inc (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,575 shares of the company’s stock, valued at approximately $2,454,000. Chicago Equity Partners LLC owned 0.05% of Zscaler as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mascoma Wealth Management LLC bought a new position in Zscaler during the fourth quarter valued at approximately $39,000. Quantamental Technologies LLC bought a new position in Zscaler during the fourth quarter valued at approximately $39,000. Benjamin F. Edwards & Company Inc. bought a new position in Zscaler during the fourth quarter valued at approximately $51,000. Bank of Montreal Can lifted its position in Zscaler by 2,242.7% during the fourth quarter. Bank of Montreal Can now owns 2,249 shares of the company’s stock valued at $88,000 after purchasing an additional 2,153 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Zscaler during the fourth quarter valued at approximately $121,000. Institutional investors own 24.63% of the company’s stock.

ZS opened at $49.00 on Thursday. Zscaler Inc has a 1-year low of $24.76 and a 1-year high of $50.90. The company has a market capitalization of $6.12 billion and a price-to-earnings ratio of -158.06.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, December 4th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). The business had revenue of $63.30 million for the quarter, compared to analyst estimates of $58.66 million. The business’s quarterly revenue was up 58.6% compared to the same quarter last year. On average, sell-side analysts predict that Zscaler Inc will post -0.27 EPS for the current fiscal year.

ZS has been the topic of a number of research analyst reports. Morgan Stanley downgraded shares of Zscaler from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 15th. Wedbush assumed coverage on shares of Zscaler in a research report on Thursday, October 18th. They set an “outperform” rating and a $48.00 price objective on the stock. Robert W. Baird reiterated an “outperform” rating on shares of Zscaler in a research report on Thursday, October 18th. Guggenheim assumed coverage on shares of Zscaler in a research report on Monday, December 10th. They issued a “neutral” rating and a $40.00 price target on the stock. Finally, Piper Jaffray Companies assumed coverage on shares of Zscaler in a research report on Friday, January 11th. They issued an “overweight” rating and a $50.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $38.57.

In other news, insider Manoj Apte sold 95,544 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $48.14, for a total value of $4,599,488.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 1,562 shares of the stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $61,167.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 239,790 shares of company stock valued at $10,824,824. Corporate insiders own 27.40% of the company’s stock.

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Zscaler Company Profile

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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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