Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Natixis Investment Managers International

Natixis Investment Managers International reduced its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 18.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505 shares of the company’s stock after selling 118 shares during the period. Natixis Investment Managers International’s holdings in Zscaler were worth $97,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in Zscaler in the 4th quarter worth about $29,000. Parkside Financial Bank & Trust boosted its position in Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after acquiring an additional 134 shares during the period. GAMMA Investing LLC acquired a new stake in Zscaler during the 4th quarter worth about $37,000. Quadrant Capital Group LLC boosted its position in Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after acquiring an additional 70 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after acquiring an additional 109 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Performance

Shares of NASDAQ ZS traded up $0.18 during trading hours on Thursday, reaching $182.00. The stock had a trading volume of 1,776,634 shares, compared to its average volume of 2,210,726. The business’s fifty day moving average is $184.34 and its two-hundred day moving average is $199.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $27.51 billion, a price-to-earnings ratio of -356.86 and a beta of 0.85. Zscaler, Inc. has a twelve month low of $131.59 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.39. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. The business had revenue of $553.20 million during the quarter, compared to analyst estimates of $535.55 million. As a group, research analysts expect that Zscaler, Inc. will post -0.34 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on ZS shares. JPMorgan Chase & Co. upgraded Zscaler from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $205.00 to $230.00 in a research report on Friday, June 14th. BTIG Research decreased their price objective on Zscaler from $258.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, May 31st. UBS Group decreased their price objective on Zscaler from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Scotiabank decreased their price objective on Zscaler from $250.00 to $210.00 and set a “sector outperform” rating for the company in a research report on Friday, May 31st. Finally, Canaccord Genuity Group reduced their price target on Zscaler from $260.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and a consensus target price of $225.21.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 7,981 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the completion of the transaction, the chief financial officer now directly owns 243,486 shares in the company, valued at $43,148,154.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 19.20% of the company’s stock.

Zscaler 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.