Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Swedbank AB

Swedbank AB raised its position in Zscaler, Inc. (NASDAQ:ZS) by 25.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,363 shares of the company’s stock after purchasing an additional 2,327 shares during the quarter. Swedbank AB’s holdings in Zscaler were worth $1,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Champlain Investment Partners LLC boosted its holdings in shares of Zscaler by 28.2% in the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after acquiring an additional 283,540 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Zscaler by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 496,047 shares of the company’s stock valued at $95,335,000 after acquiring an additional 25,181 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Zscaler by 18.3% in the second quarter. Federated Hermes Inc. now owns 394,698 shares of the company’s stock valued at $75,857,000 after acquiring an additional 61,037 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Zscaler by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,070 shares of the company’s stock valued at $60,696,000 after acquiring an additional 16,634 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in Zscaler by 14.4% during the second quarter. Ensign Peak Advisors Inc now owns 295,525 shares of the company’s stock worth $56,797,000 after buying an additional 37,137 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 4,947 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $170.22, for a total value of $842,078.34. Following the sale, the insider now directly owns 107,241 shares in the company, valued at $18,254,563.02. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the completion of the sale, the chief executive officer now owns 361,432 shares in the company, valued at $61,906,072.96. This represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 in the last ninety days. Insiders own 19.20% of the company’s stock.

Zscaler Trading Down 2.5 %

NASDAQ:ZS opened at $204.96 on Thursday. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The firm’s fifty day simple moving average is $188.06 and its 200 day simple moving average is $184.21. The firm has a market capitalization of $31.45 billion, a PE ratio of -512.39 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The business had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. During the same period last year, the business posted ($0.17) EPS. Zscaler’s revenue was up 30.3% compared to the same quarter last year. As a group, analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $270.00 target price on shares of Zscaler in a report on Monday, November 4th. Needham & Company LLC reduced their target price on shares of Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a report on Wednesday, September 4th. BMO Capital Markets reduced their target price on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Rosenblatt Securities restated a “neutral” rating and issued a $190.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.29.

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.