Tag Archive for: HOLDINGS

SG Americas Securities LLC Reduces Holdings in Zscaler as the Company Outperforms Expectations in Recent Earnings Report

/in


On September 19, 2023, investment firm SG Americas Securities LLC revealed a significant decrease in its holdings of Zscaler, Inc. (NASDAQ:ZS) shares during the second quarter. According to the company’s latest Form 13F filing with the Securities & Exchange Commission, SG Americas Securities LLC’s holdings in Zscaler saw a reduction of 64.1%, equivalent to selling 49,646 shares. As a result, the fund now possesses 27,800 shares of the company’s stock. The total value of these remaining shares at the time of filing was estimated to be $4,067,000.

This decrease in SG Americas Securities LLC’s stake in Zscaler demonstrates a significant shift in their investment strategy within the technology sector. Typically, such moves speak volumes about an investor’s outlook on a particular company or industry.

Earlier this month, Zscaler released its quarterly earnings results for the period ending September 5th. The company exceeded analysts’ expectations by reporting earnings per share (EPS) of $0.64 compared to consensus estimates of $0.49 EPS, representing an increase of $0.15 EPS.

During this quarter, Zscaler generated revenue totaling $455 million, surpassing analysts’ projected revenue of $430.38 million. This marks a substantial growth rate of 43% compared to the same quarter last year when considering revenue figures alone.

Moreover, it is worth noting that Zscaler struggled with negative financial performance indicators such as negative return on equity and negative net margin during this reporting period. These factors reveal potential concerns about profitability and operational efficiency within the organization.

Despite these challenges, research analysts anticipate that Zscaler will post -1.13 earnings per share for the current fiscal year when considering all quarters combined.

Zscaler holds significant importance within the technology sector due to its specialization in cloud-based security services and solutions aimed at safeguarding enterprise networks and data. As the reliance on cloud computing and remote work continues to expand, companies like Zscaler are well-positioned to capitalize on this growing market.

Investors closely monitor the financial…

Source…

Ransomware attack on Prospect Medical Holdings takes down hospital systems in 4 states

/in


A ransomware attack late last week on Los Angeles-based Prospect Medical Holdings spread to hospitals in at least four other states before the healthcare group took its systems offline to prevent any further spread.

The attack hit hospitals and medical facilities at Prospect Medical Holdings affiliates in Connecticut, Pennsylvania, Rhode Island and Texas.

Officials with Prospect Medical affiliate Crozer Health Network in Pennsylvania said impacted hospitals included Crozer-Chester Medical Center, Taylor Hospital, Delaware County Memorial Hospital and Springfield Hospital.

CBS News reported that officials at the hospital in Springfield said the hospital had reverted to a paper system because most of the computers are offline and are not expected to come back online until later this week. CBS also reported that two hospitals in Rhode Island — Roger Williams Medical Center and Our Lady of Fatima — were also hit. 

In a Facebook post, Waterbury Health in Waterbury, Conn., said it had experienced a data security incident that disrupted its operations. Upon learning of the incident, all systems were taken offline to protect them and an investigation was launched with the help of cybersecurity specialists.

“Waterbury Health network continues to serve patients at all its locations using downtime procedures, but a few of its outpatient services have been affected, including outpatient blood draw and diagnostic imaging services which were not available Friday and Saturday,” said Waterbury Health.

Industry analysts said this latest attack mirrored the attack last fall on CommonSpirit Health in which the corporate entity was attacked in an attempt to infiltrate the corporate network and spread to affiliates. In both cases, cybersecurity officials took the networks offline to prevent any further spread — a common tactic among cyber defenders.

“Shutting off systems and networks helps prevent spread of the attack,” said Will Long, chief security officer at First Health Advisory. “However, it does not limit the other impacts on the healthcare community.”

Long said when a healthcare system or facility is impacted in a community, patients are diverted to other facilities. The neighboring…

Source…

Intech Investment Management LLC Has $761,000 Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

/in


Intech Investment Management LLC lowered its stake in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 43.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,805 shares of the company’s stock after selling 5,144 shares during the period. Intech Investment Management LLC’s holdings in Zscaler were worth $761,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Zscaler by 14.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 557,345 shares of the company’s stock worth $134,476,000 after buying an additional 68,982 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of Zscaler during the 1st quarter worth approximately $244,000. D.A. Davidson & CO. lifted its position in shares of Zscaler by 41.6% during the 1st quarter. D.A. Davidson & CO. now owns 1,130 shares of the company’s stock worth $273,000 after buying an additional 332 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Zscaler during the 1st quarter worth approximately $1,232,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Zscaler by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 121,598 shares of the company’s stock worth $29,338,000 after purchasing an additional 2,153 shares during the period. Institutional investors and hedge funds own 45.33% of the company’s stock.

Zscaler Stock Performance

ZS opened at $125.27 on Monday. The firm has a 50-day simple moving average of $106.21 and a two-hundred day simple moving average of $117.54. Zscaler, Inc. has a 52 week low of $84.93 and a 52 week high of $194.21. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.01 and a quick ratio of 2.01.

Zscaler (NASDAQ:ZS – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.08. The firm had revenue of $387.60 million for the quarter, compared to…

Source…

Tenable Holdings, Inc. is sold by DekaBank Deutsche Girozentrale for 11,000 shares (NASDAQ:TENB)

/in


According to the most recent Form 13F filing made with the Securities and Exchange Commission by DekaBank Deutsche Girozentrale, the financial institution’s holdings in Tenable Holdings, Inc. (NASDAQ: TENB) were reduced by 34.5% during the third quarter. Following the transaction during that period involving the sale of 11,000 shares of company stock, the corporation ended up with a total of 20,850 shares in its possession.

Mhe most recent valuation of Tenable that DekaBank Deutsche Girozentrale provided was $714,000, and it was reached at the end of the most recent fiscal quarter.

Recent transactions have resulted in several additional institutional investors and hedge funds modifying the amount of TENB stock they currently hold in their portfolios. Fairfield Bush & Co.

Made a new investment in Tenable that was approximately $237,000 in value during the first three months of the year.

Mhe percentage of Tenable stock that JPMorgan Chase & Co. owned grew by 73.7% during the first three months of 2018, thanks to the investment firm’s continued buying. Following the acquisition of an additional 59,482 shares during the period, JPMorgan Chase & Co. now holds a total of 140,170 shares of the company’s stock, which has a value of $8,101,00. Raymond James & Associates increased the amount of Tenable stock owned by 61.7% during the year’s first three months.

At the moment, Raymond James & Associates possesses 10,208 shares of the corporation’s stock, which have a combined value of $590.000.

Mhis objective was accomplished by purchasing an additional 3,896 shares of the company’s stock during the relevant period in question. Raymond James Financial Services Advisors Inc.

Invested approximately 207,000 dollars in acquiring a new stake in Tenable during the first three months of the year.
Last but not least, during the first quarter, MetLife Investment Management LLC made a 55.4% increase in the amount of Tenable stock it owns, making it the largest single increase.

MetLife Investment Management LLC currently holds 50,071 shares, estimated at $2,890,000.

As a result, the total number of shares held by the company increased by 17,830 during the most recent fiscal quarter.

At this…

Source…