Zscaler (NASDAQ:ZS) Given Strong-Buy Rating at Needham & Company LLC

Needham & Company LLC restated their strong-buy rating on shares of Zscaler (NASDAQ:ZSFree Report) in a research note published on Friday morning, Benzinga reports. The brokerage currently has a $290.00 price objective on the stock.

ZS has been the topic of several other reports. Robert W. Baird lowered their price target on Zscaler from $265.00 to $260.00 and set an outperform rating on the stock in a research report on Friday, May 24th. Wells Fargo & Company reaffirmed an equal weight rating and set a $182.00 target price (down from $275.00) on shares of Zscaler in a report on Tuesday, May 28th. BTIG Research cut their price target on shares of Zscaler from $258.00 to $220.00 and set a buy rating for the company in a report on Friday, May 31st. Citigroup lowered their price objective on shares of Zscaler from $270.00 to $240.00 and set a buy rating on the stock in a research note on Wednesday, June 5th. Finally, Loop Capital cut their target price on shares of Zscaler from $225.00 to $180.00 and set a hold rating for the company in a research note on Friday, May 31st. Six 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 stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $225.21.

View Our Latest Analysis on ZS

Zscaler Trading Up 0.1 %

Shares of ZS stock opened at $184.38 on Friday. Zscaler has a 1 year low of $131.59 and a 1 year high of $259.61. The firm has a market capitalization of $27.87 billion, a PE ratio of -359.45 and a beta of 0.85. The stock has a fifty day moving average of $176.12 and a two-hundred day moving average of $204.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new stake in Zscaler in the fourth quarter worth $29,000. Parkside Financial Bank & Trust increased its holdings in shares of Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after acquiring an additional 134 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Zscaler in the 4th quarter valued at approximately $37,000. Quadrant Capital Group LLC lifted its holdings in Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Zscaler by 109.0% during 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. Institutional investors and hedge funds own 46.45% of the company’s stock.

About Zscaler

(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.

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Analyst Recommendations for Zscaler (NASDAQ:ZS)

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