JMP Securities restated their market outperform rating on shares of Zscaler (NASDAQ:ZS – Free Report) in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a $270.00 price objective on the stock.
ZS has been the topic of several other research reports. Rosenblatt Securities restated a neutral rating and set a $190.00 price objective on shares of Zscaler in a research report on Tuesday, May 28th. UBS Group reduced their target price on shares of Zscaler from $300.00 to $270.00 and set a buy rating on the stock in a report on Wednesday, May 29th. Macquarie reaffirmed an outperform rating and set a $245.00 target price on shares of Zscaler in a report on Tuesday, March 19th. Cantor Fitzgerald cut their price target on shares of Zscaler from $230.00 to $200.00 and set a neutral rating on the stock in a report on Friday, May 31st. Finally, Wedbush raised their price target on shares of Zscaler from $250.00 to $260.00 and gave the stock an outperform rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $225.21.
Read Our Latest Analysis on ZS
Zscaler Stock Performance
Institutional Trading of Zscaler
Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new stake in Zscaler during the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust grew its position in Zscaler by 582.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after buying an additional 134 shares during the period. GAMMA Investing LLC bought a new stake in Zscaler during the fourth quarter valued at approximately $37,000. Quadrant Capital Group LLC grew its position in Zscaler by 66.7% during the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after buying an additional 70 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 109 shares during the period. 46.45% of the stock is currently owned by institutional investors.
Zscaler Company 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.
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