Siemens Fonds Invest GmbH Takes Position in Zscaler, Inc. (NASDAQ:ZS)

Siemens Fonds Invest GmbH purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,259 shares of the company's stock, valued at approximately $2,047,000.

A number of other institutional investors have also bought and sold shares of the company. Global X Japan Co. Ltd. boosted its position in shares of Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Zscaler during the 4th quarter worth about $27,000. Colonial Trust Co SC bought a new position in shares of Zscaler during the 4th quarter worth about $28,000. Stonebridge Financial Group LLC bought a new position in shares of Zscaler during the 4th quarter worth about $29,000. Finally, Elequin Capital LP bought a new position in shares of Zscaler during the 4th quarter worth about $30,000. Institutional investors own 46.45% of the company's stock.

Wall Street Analysts Forecast Growth

ZS has been the topic of a number of research analyst reports. Stephens reissued an "overweight" rating and set a $255.00 price objective on shares of Zscaler in a research report on Tuesday. Rosenblatt Securities restated a "buy" rating and issued a $235.00 target price on shares of Zscaler in a report on Tuesday, April 15th. The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the stock a "neutral" rating in a report on Thursday, March 6th. BMO Capital Markets upped their target price on shares of Zscaler from $222.00 to $233.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Finally, Scotiabank restated a "sector outperform" rating and issued a $242.00 target price (up previously from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $240.09.

Zscaler Trading Down 1.0%

Shares of ZS stock traded down $2.54 during trading hours on Thursday, hitting $251.11. 4,191,862 shares of the company were exchanged, compared to its average volume of 2,058,437. The firm has a fifty day simple moving average of $219.46 and a 200 day simple moving average of $205.90. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $269.21. The stock has a market capitalization of $38.85 billion, a price-to-earnings ratio of -1,004.44 and a beta of 1.14.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. During the same quarter last year, the company posted $0.88 earnings per share. The business's revenue for the quarter was up 22.6% on a year-over-year basis. Sell-side analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jagtar Singh Chaudhry sold 2,155 shares of Zscaler stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $429,168.25. Following the completion of the sale, the chief executive officer now directly owns 356,414 shares of the company's stock, valued at approximately $70,979,848.10. The trade was a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ajay Mangal sold 190,480 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the completion of the sale, the insider now directly owns 2,580,210 shares of the company's stock, valued at $517,822,344.90. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,771 shares of company stock valued at $50,165,040. Company insiders own 18.10% of the company's stock.

About Zscaler

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.