Advisory Services Network LLC Has $3.42 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Advisory Services Network LLC lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZSFree Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,448 shares of the company’s stock after buying an additional 658 shares during the quarter. Advisory Services Network LLC’s holdings in Zscaler were worth $3,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in Zscaler by 3.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 6,782 shares of the company’s stock valued at $1,055,000 after purchasing an additional 199 shares during the period. M&T Bank Corp grew its position in Zscaler by 2.6% during the third quarter. M&T Bank Corp now owns 3,079 shares of the company’s stock worth $479,000 after buying an additional 79 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Zscaler by 24.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 765 shares of the company’s stock worth $119,000 after acquiring an additional 150 shares during the period. Principal Financial Group Inc. raised its holdings in Zscaler by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 10,790 shares of the company’s stock valued at $1,679,000 after acquiring an additional 363 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Zscaler during the 3rd quarter valued at $229,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In other news, CFO Remo Canessa sold 7,707 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the transaction, the chief financial officer now owns 255,943 shares in the company, valued at approximately $49,435,390.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the sale, the chief financial officer now directly owns 255,943 shares in the company, valued at approximately $49,435,390.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,715 shares of company stock worth $2,455,902. 19.20% of the stock is owned by insiders.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $171.64 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average price of $181.26 and a 200-day moving average price of $205.32. Zscaler, Inc. has a 1 year low of $125.25 and a 1 year high of $259.61.

Zscaler (NASDAQ:ZSGet Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The business had revenue of $525.00 million during the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.8 EPS for the current year.

Analyst Upgrades and Downgrades

ZS has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Barclays lowered their target price on Zscaler from $240.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Macquarie reiterated an “outperform” rating and issued a $245.00 target price on shares of Zscaler in a research report on Tuesday, March 19th. Robert W. Baird reduced their price target on Zscaler from $265.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Sanford C. Bernstein dropped their price objective on shares of Zscaler from $311.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Five research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $230.76.

Read Our Latest Research Report on Zscaler

Zscaler Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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