Robert W. Baird Increases Zscaler (NASDAQ:ZS) Price Target to $265.00

Zscaler (NASDAQ:ZSFree Report) had its price target increased by Robert W. Baird from $255.00 to $265.00 in a research report sent to investors on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

ZS has been the subject of several other research reports. KeyCorp began coverage on shares of Zscaler in a research note on Wednesday, January 17th. They issued a sector weight rating for the company. BTIG Research lifted their target price on shares of Zscaler from $191.00 to $229.00 and gave the stock a buy rating in a report on Wednesday, November 22nd. Royal Bank of Canada reiterated an outperform rating and issued a $220.00 target price on shares of Zscaler in a report on Tuesday, November 28th. Needham & Company LLC reiterated a strong-buy rating and issued a $290.00 target price on shares of Zscaler in a report on Friday. Finally, Susquehanna started coverage on shares of Zscaler in a report on Friday, December 15th. They issued a positive rating and a $275.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zscaler has an average rating of Moderate Buy and a consensus target price of $225.26.

Read Our Latest Research Report on Zscaler

Zscaler Stock Performance

ZS stock opened at $214.22 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.40. Zscaler has a 1 year low of $84.93 and a 1 year high of $259.61. The company has a fifty day simple moving average of $233.72 and a 200 day simple moving average of $194.25.

Zscaler (NASDAQ:ZSGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.08. Zscaler had a negative net margin of 7.32% and a negative return on equity of 15.87%. The business had revenue of $525.00 million during the quarter, compared to analyst estimates of $507.56 million. As a group, research analysts expect that Zscaler will post -0.94 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Karen Blasing sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the sale, the director now owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Zscaler news, Director Karen Blasing sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the sale, the director now owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Syam Nair sold 6,675 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $221.34, for a total value of $1,477,444.50. Following the completion of the sale, the insider now directly owns 140,187 shares of the company’s stock, valued at approximately $31,028,990.58. The disclosure for this sale can be found here. Insiders have sold a total of 87,972 shares of company stock worth $19,342,443 over the last quarter. Company insiders own 19.20% of the company’s stock.

Institutional Investors Weigh In On Zscaler

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Zscaler by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company’s stock worth $1,959,426,000 after purchasing an additional 206,908 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Zscaler by 4.7% in the first quarter. First Trust Advisors LP now owns 1,862,369 shares of the company’s stock worth $217,581,000 after purchasing an additional 84,440 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of Zscaler by 15.7% in the second quarter. Champlain Investment Partners LLC now owns 1,787,005 shares of the company’s stock worth $261,439,000 after purchasing an additional 242,435 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Zscaler by 0.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,450,145 shares of the company’s stock worth $321,295,000 after purchasing an additional 5,796 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Zscaler by 5.3% in the second quarter. Geode Capital Management LLC now owns 1,307,077 shares of the company’s stock worth $190,918,000 after purchasing an additional 65,451 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations 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.