China Universal Asset Management Co. Ltd. Grows Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

China Universal Asset Management Co. Ltd. boosted its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 51.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,790 shares of the company's stock after purchasing an additional 1,293 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Zscaler were worth $752,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. ORG Partners LLC boosted its position in shares of Zscaler by 284.8% during the first quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Zscaler during the first quarter valued at approximately $29,000. Summit Securities Group LLC bought a new stake in shares of Zscaler during the fourth quarter valued at approximately $27,000. CVA Family Office LLC boosted its position in shares of Zscaler by 120.3% during the first quarter. CVA Family Office LLC now owns 152 shares of the company's stock valued at $30,000 after purchasing an additional 83 shares in the last quarter. Finally, Colonial Trust Co SC bought a new stake in shares of Zscaler during the fourth quarter valued at approximately $28,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Trading Down 4.2%

Shares of ZS traded down $13.32 during trading hours on Thursday, hitting $303.18. The company had a trading volume of 1,244,006 shares, compared to its average volume of 2,063,964. The company has a market capitalization of $47.20 billion, a PE ratio of -1,162.88 and a beta of 1.11. Zscaler, Inc. has a one year low of $153.45 and a one year high of $318.46. The company's fifty day moving average price is $279.66 and its two-hundred day moving average price is $226.24.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%. The firm had revenue of $678.03 million during the quarter, compared to analyst estimates of $667.13 million. During the same period in the previous year, the company posted $0.88 EPS. The business's revenue for the quarter was up 22.6% compared to the same quarter last year. Analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ZS. BNP Paribas upgraded Zscaler from a "neutral" rating to an "outperform" rating and set a $260.00 price objective for the company in a research note on Monday, April 28th. Jefferies Financial Group reduced their price target on Zscaler from $245.00 to $240.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Oppenheimer upped their price target on Zscaler from $290.00 to $345.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Barclays upped their price objective on Zscaler from $275.00 to $290.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, Stifel Nicolaus upped their price objective on Zscaler from $270.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Eight research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $296.82.

Insider Buying and Selling at Zscaler

In other news, EVP Raj Judge sold 2,957 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $898,040.90. Following the sale, the executive vice president owned 76,289 shares in the company, valued at $23,168,969.30. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 3,174 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $305.07, for a total value of $968,292.18. Following the completion of the transaction, the insider directly owned 88,970 shares of the company's stock, valued at $27,142,077.90. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,793 shares of company stock worth $58,752,794. 18.10% of the stock is owned by corporate insiders.

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.