Zscaler (NASDAQ:ZS) Rating Reiterated by Cantor Fitzgerald

Zscaler (NASDAQ:ZS)‘s stock had its “neutral” rating reissued by analysts at Cantor Fitzgerald in a note issued to investors on Friday, Benzinga reports. They currently have a $200.00 price target on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 11.39% from the company’s previous close.

ZS has been the topic of several other reports. Stifel Nicolaus cut their price objective on shares of Zscaler from $270.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Susquehanna cut their price objective on shares of Zscaler from $275.00 to $210.00 and set a “positive” rating on the stock in a research report on Friday, May 31st. Mizuho cut their price objective on shares of Zscaler from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Rosenblatt Securities restated a “neutral” rating and set a $190.00 price target on shares of Zscaler in a research report on Tuesday, May 28th. Finally, UBS Group dropped their price target on shares of Zscaler from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Six investment 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $225.21.

Zscaler Trading Up 0.5 %

Zscaler stock opened at $179.55 on Friday. The firm’s 50-day moving average is $175.69 and its 200-day moving average is $203.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75. Zscaler has a 1 year low of $131.59 and a 1 year high of $259.61. The company has a market cap of $27.14 billion, a P/E ratio of -352.06 and a beta of 0.85.

Institutional Trading of Zscaler

A number of institutional investors and hedge funds have recently modified their holdings of ZS. Jones Financial Companies Lllp acquired a new position in Zscaler during the 4th quarter valued at $29,000. Parkside Financial Bank & Trust raised its stake in 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 purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC acquired a new position in Zscaler during the 4th quarter valued at $37,000. Quadrant Capital Group LLC raised its stake in Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after purchasing an additional 109 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

About Zscaler

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.