Asset Management One Co. Ltd. Grows Stake in Zscaler, Inc. (NASDAQ:ZS)

Asset Management One Co. Ltd. boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,866 shares of the company’s stock after buying an additional 630 shares during the period. Asset Management One Co. Ltd.’s holdings in Zscaler were worth $13,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Zscaler by 8.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock valued at $149,000 after buying an additional 66 shares in the last quarter. GAMMA Investing LLC lifted its stake in Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after purchasing an additional 67 shares during the last quarter. American Trust boosted its holdings in shares of Zscaler by 6.1% in the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock worth $233,000 after purchasing an additional 70 shares in the last quarter. Swedbank AB increased its position in shares of Zscaler by 0.8% during the 2nd quarter. Swedbank AB now owns 9,036 shares of the company’s stock valued at $1,737,000 after purchasing an additional 76 shares during the last quarter. Finally, Rockline Wealth Management LLC raised its holdings in shares of Zscaler by 5.1% during the 2nd quarter. Rockline Wealth Management LLC now owns 1,798 shares of the company’s stock valued at $345,000 after buying an additional 88 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Rosenblatt Securities reiterated a “neutral” rating and set a $190.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Wedbush reduced their target price on shares of Zscaler from $260.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. BNP Paribas assumed coverage on shares of Zscaler in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price target for the company. Oppenheimer reduced their price objective on Zscaler from $260.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Finally, Raymond James assumed coverage on Zscaler in a research note on Tuesday, July 23rd. They issued a “market perform” rating for the company. Ten research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.73.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now directly owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now directly owns 105,806 shares in the company, valued at approximately $19,224,950.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Rich sold 4,813 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the transaction, the insider now owns 103,259 shares in the company, valued at approximately $17,686,201.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,502 shares of company stock worth $5,256,651. 19.20% of the stock is currently owned by company insiders.

Zscaler Stock Up 3.3 %

Shares of ZS stock opened at $193.03 on Thursday. The business’s fifty day moving average is $179.17 and its 200 day moving average is $181.16. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of -482.56 and a beta of 0.82. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. During the same period in the prior year, the firm earned ($0.17) EPS. The company’s revenue was up 30.3% compared to the same quarter last year. Equities research analysts expect that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.

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.