Swiss National Bank Has $55.82 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Key Points

• The Swiss National Bank increased its holdings in Zscaler, Inc. by 8.8% during the first quarter, owning approximately $55.82 million worth of stock.
• Insiders have sold a total of 200,793 shares of Zscaler in the last quarter, reflecting significant decreases in their positions.
• Zscaler recently reported $678.03 million in revenue for the quarter, up 22.6% year-over-year, and beat earnings estimates with an EPS of $0.84.

Swiss National Bank raised its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 8.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281,300 shares of the company's stock after acquiring an additional 22,800 shares during the quarter. Swiss National Bank owned about 0.18% of Zscaler worth $55,816,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its stake in shares of Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after buying an additional 94 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Zscaler in the fourth quarter worth $28,000. Goodman Advisory Group LLC acquired a new stake in shares of Zscaler in the first quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Zscaler in the first quarter worth $29,000. Finally, Elequin Capital LP acquired a new stake in shares of Zscaler in the fourth quarter worth $30,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 4,618 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $300.00, for a total transaction of $1,385,400.00. Following the sale, the insider owned 95,612 shares of the company's stock, valued at $28,683,600. This represents a 4.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew William Fraser Brown sold 20,333 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $296.72, for a total transaction of $6,033,207.76. Following the sale, the director directly owned 27,216 shares in the company, valued at approximately $8,075,531.52. This represents a 42.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 200,793 shares of company stock worth $58,752,794 over the last quarter. Corporate insiders own 18.10% of the company's stock.

Zscaler Stock Performance

Shares of NASDAQ:ZS opened at $269.70 on Monday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $318.46. The company's fifty day moving average is $297.39 and its 200-day moving average is $242.04. The company has a market capitalization of $41.99 billion, a PE ratio of -1,037.31, a P/E/G ratio of 241.80 and a beta of 1.06.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ZS shares. Canaccord Genuity Group set a $305.00 price objective on shares of Zscaler and gave the stock a "buy" rating in a research note on Monday, June 2nd. Robert W. Baird boosted their price objective on shares of Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Needham & Company LLC boosted their price objective on shares of Zscaler from $240.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Scotiabank boosted their target price on shares of Zscaler from $310.00 to $360.00 and gave the stock a "sector outperform" rating in a research report on Friday, June 6th. Finally, Oppenheimer boosted their target price on shares of Zscaler from $290.00 to $345.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Seven analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Zscaler currently has a consensus rating of "Moderate Buy" and a consensus price target of $296.82.

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.

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