Zscaler, Inc. (NASDAQ:ZS) Stake Raised by National Bank of Canada FI

National Bank of Canada FI grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 130.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,694 shares of the company’s stock after purchasing an additional 39,440 shares during the period. National Bank of Canada FI’s holdings in Zscaler were worth $11,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Fred Alger Management LLC lifted its holdings in shares of Zscaler by 1,151.0% during the third quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock valued at $1,773,000 after purchasing an additional 9,542 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Zscaler by 7.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock valued at $37,495,000 after buying an additional 14,701 shares in the last quarter. Creative Planning boosted its holdings in shares of Zscaler by 7.6% in the third quarter. Creative Planning now owns 148,534 shares of the company’s stock worth $25,390,000 after buying an additional 10,551 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Zscaler in the second quarter worth approximately $25,287,000. Finally, Strategic Advisors LLC raised its holdings in shares of Zscaler by 470.0% during the third quarter. Strategic Advisors LLC now owns 8,140 shares of the company’s stock valued at $1,391,000 after acquiring an additional 6,712 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In related news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now owns 105,806 shares of the company’s stock, valued at $19,224,950.20. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the transaction, the chief executive officer now owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock valued at $5,256,651 in the last quarter. Corporate insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ZS shares. Loop Capital cut their target price on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Robert W. Baird lowered their target price on Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Oppenheimer increased their price target on shares of Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, BTIG Research boosted their price objective on shares of Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and an average price target of $224.84.

Zscaler Trading Down 2.3 %

ZS opened at $201.39 on Wednesday. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61. The business has a 50 day moving average of $194.86 and a 200-day moving average of $186.25. The stock has a market capitalization of $30.90 billion, a price-to-earnings ratio of -805.56 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the business posted ($0.18) EPS. Equities analysts predict that Zscaler, Inc. will post -0.31 EPS for the current year.

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.