Zscaler, Inc. (NASDAQ:ZS) Position Lifted by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 109.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 209 shares of the company’s stock after buying an additional 109 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Zscaler were worth $46,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Zscaler by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after buying an additional 129,090 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Zscaler by 4.7% in the 1st quarter. First Trust Advisors LP now owns 1,862,369 shares of the company’s stock worth $217,581,000 after buying an additional 84,440 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Zscaler by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 1,241,626 shares of the company’s stock worth $144,855,000 after acquiring an additional 42,565 shares during the period. Renaissance Technologies LLC boosted its stake in Zscaler by 40.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,219,700 shares of the company’s stock valued at $142,498,000 after purchasing an additional 353,112 shares during the period. Finally, Whale Rock Capital Management LLC boosted its stake in Zscaler by 71.4% during the 2nd quarter. Whale Rock Capital Management LLC now owns 776,972 shares of the company’s stock valued at $113,671,000 after purchasing an additional 323,719 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Performance

Zscaler stock opened at $169.21 on Friday. The firm’s 50 day simple moving average is $206.08 and its 200-day simple moving average is $202.66. The company has a market cap of $25.36 billion, a P/E ratio of -178.12 and a beta of 0.80. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. Zscaler, Inc. has a fifty-two week low of $84.93 and a fifty-two week high of $259.61.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.08. The business had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. As a group, equities research analysts predict that Zscaler, Inc. will post -0.81 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on ZS shares. Citigroup boosted their target price on shares of Zscaler from $235.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Needham & Company LLC reissued a “strong-buy” rating and set a $290.00 target price on shares of Zscaler in a research note on Friday, March 1st. Oppenheimer boosted their target price on shares of Zscaler from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Macquarie reissued an “outperform” rating and set a $245.00 target price on shares of Zscaler in a research note on Tuesday, March 19th. Finally, Wedbush boosted their target price on shares of Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.24.

Insider Transactions at Zscaler

In related news, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the transaction, the director now directly owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the transaction, the director now directly owns 40,372 shares in the company, valued at $10,129,334.80. The disclosure for this sale can be found here. Insiders have sold a total of 26,715 shares of company stock valued at $5,865,882 over the last ninety days. Corporate insiders own 19.20% of the company’s stock.

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.