China Universal Asset Management Co. Ltd. Purchases 580 Shares of Zscaler, Inc. (NASDAQ:ZS)

China Universal Asset Management Co. Ltd. grew its position in Zscaler, Inc. (NASDAQ:ZS) by 30.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,497 shares of the company’s stock after purchasing an additional 580 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Zscaler were worth $450,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fred Alger Management LLC lifted its stake in Zscaler by 1,151.0% in the third quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock valued at $1,773,000 after buying an additional 9,542 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Zscaler by 7.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock valued at $37,495,000 after acquiring an additional 14,701 shares in the last quarter. Creative Planning lifted its position in shares of Zscaler by 7.6% during the 3rd quarter. Creative Planning now owns 148,534 shares of the company’s stock valued at $25,390,000 after acquiring an additional 10,551 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Zscaler by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after acquiring an additional 37,801 shares in the last quarter. Finally, Zweig DiMenna Associates LLC grew its holdings in Zscaler by 29.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock worth $14,061,000 after purchasing an additional 17,900 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the transaction, the chief financial officer now directly owns 220,635 shares in the company, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This represents a 0.79 % 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 worth $2,052,879 over the last 90 days. Corporate insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

Shares of Zscaler stock opened at $202.59 on Monday. The stock has a market capitalization of $31.09 billion, a P/E ratio of -810.36 and a beta of 0.87. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $259.61. The stock’s 50-day simple moving average is $194.58 and its 200 day simple moving average is $187.74.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. Zscaler’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.18) EPS. Equities research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ZS shares. Susquehanna increased their price objective on shares of Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research report on Tuesday, December 3rd. JMP Securities reissued a “market outperform” rating and issued a $240.00 price objective (down previously from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Scotiabank upped their target price on Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Citigroup boosted their price target on shares of Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group raised their price objective on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $225.47.

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.