First Hawaiian Bank Has $503,000 Holdings in Zscaler, Inc. (NASDAQ:ZS)

First Hawaiian Bank lowered its stake in Zscaler, Inc. (NASDAQ:ZS) by 50.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,790 shares of the company’s stock after selling 2,815 shares during the period. First Hawaiian Bank’s holdings in Zscaler were worth $503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Everence Capital Management Inc. acquired a new stake in shares of Zscaler in the fourth quarter worth about $565,000. Modus Advisors LLC acquired a new position in shares of Zscaler during the 4th quarter worth about $36,000. GAMMA Investing LLC lifted its position in shares of Zscaler by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after purchasing an additional 70 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Zscaler by 278.9% during the 3rd quarter. Tidal Investments LLC now owns 34,098 shares of the company’s stock worth $5,829,000 after purchasing an additional 25,099 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZS. Citigroup boosted their price objective on Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group boosted their price target on Zscaler from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Cantor Fitzgerald upgraded Zscaler to a “hold” rating in a research note on Monday, November 18th. Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of Zscaler in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price target on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $224.84.

Insider Activity

In related news, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the sale, the insider now directly owns 142,866 shares in the company, valued at $28,618,917.12. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock valued at $2,052,879 in the last 90 days. 18.10% of the stock is owned by company insiders.

Zscaler Stock Performance

NASDAQ:ZS opened at $189.98 on Friday. The stock’s fifty day moving average price is $196.72 and its two-hundred day moving average price is $188.10. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $259.61. The company has a market cap of $29.15 billion, a price-to-earnings ratio of -759.92 and a beta of 0.87.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) EPS. On average, equities analysts predict that Zscaler, Inc. will post -0.24 EPS for the current fiscal year.

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.