Shepherd Financial Partners LLC Decreases Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Shepherd Financial Partners LLC cut its stake in Zscaler, Inc. (NASDAQ:ZS) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,012 shares of the company’s stock after selling 1,023 shares during the period. Shepherd Financial Partners LLC’s holdings in Zscaler were worth $724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Champlain Investment Partners LLC increased its position in Zscaler by 28.2% during the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock worth $220,401,000 after buying an additional 283,540 shares in the last quarter. International Assets Investment Management LLC raised its stake in Zscaler by 13,498.6% in the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock valued at $48,769,000 after purchasing an additional 283,201 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Zscaler by 33.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after purchasing an additional 100,814 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Zscaler by 59.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock worth $34,421,000 after purchasing an additional 71,297 shares during the last quarter. Finally, Thematics Asset Management grew its holdings in shares of Zscaler by 88.5% during the third quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock worth $25,128,000 after buying an additional 69,000 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the sale, the chief financial officer now owns 220,635 shares of the company’s stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the transaction, the insider now owns 142,866 shares in the company, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZS. Needham & Company LLC restated a “buy” rating and set a $240.00 target price on shares of Zscaler in a research report on Friday, January 10th. JMP Securities restated a “market outperform” rating and set a $240.00 price objective (down previously from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Canaccord Genuity Group upped their target price on Zscaler from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price target on Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Finally, Jefferies Financial Group increased their price objective on shares of Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.47.

Zscaler Trading Up 0.6 %

NASDAQ:ZS opened at $205.53 on Friday. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61. The stock has a 50-day simple moving average of $194.20 and a 200 day simple moving average of $188.27.

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

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.