Thematics Asset Management Has $27.81 Million Stock Holdings in Zscaler, Inc. $ZS

Key Points

• Thematics Asset Management reduced its holdings in Zscaler, Inc. by 13.5%, owning 140,153 shares worth approximately $27.81 million, making Zscaler its 19th largest holding.
• Multiple institutional investors, including Dimensional Fund Advisors and Coppell Advisory Solutions, increased their stakes in Zscaler, highlighting a trend of growing interest from hedge funds.
• Analysts have raised their price targets for Zscaler, with ratings ranging from buy to outperform and a consensus price target set at $296.82.

Thematics Asset Management decreased its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 13.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,153 shares of the company's stock after selling 21,847 shares during the quarter. Zscaler accounts for approximately 1.4% of Thematics Asset Management's holdings, making the stock its 19th biggest holding. Thematics Asset Management owned 0.09% of Zscaler worth $27,809,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Zscaler by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 186,781 shares of the company's stock worth $33,704,000 after purchasing an additional 12,108 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Zscaler by 9.2% in the 4th quarter. Stifel Financial Corp now owns 112,665 shares of the company's stock worth $20,326,000 after purchasing an additional 9,464 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of Zscaler by 64.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 356 shares of the company's stock worth $65,000 after purchasing an additional 139 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Zscaler by 327.6% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,044 shares of the company's stock worth $1,836,000 after purchasing an additional 7,695 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Zscaler in the 4th quarter worth about $216,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Insider Buying and Selling

In other news, insider Syam Nair sold 4,064 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $1,234,236.80. Following the transaction, the insider owned 106,659 shares of the company's stock, valued at approximately $32,392,338.30. This trade represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew William Fraser Brown sold 20,333 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $296.72, for a total transaction of $6,033,207.76. Following the completion of the transaction, the director directly owned 27,216 shares in the company, valued at $8,075,531.52. This trade represents a 42.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 168,256 shares of company stock worth $50,618,544. 18.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ZS has been the topic of several analyst reports. Rosenblatt Securities upped their target price on shares of Zscaler from $235.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Piper Sandler reaffirmed a "neutral" rating and issued a $260.00 target price (up previously from $235.00) on shares of Zscaler in a report on Friday, May 30th. UBS Group upped their target price on shares of Zscaler from $315.00 to $365.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Susquehanna upped their target price on shares of Zscaler from $245.00 to $320.00 and gave the stock a "positive" rating in a report on Friday, May 30th. Finally, BMO Capital Markets upped their target price on shares of Zscaler from $233.00 to $295.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $296.82.

Zscaler Trading Up 0.8%

Shares of NASDAQ ZS opened at $272.52 on Friday. The firm has a market capitalization of $42.43 billion, a PE ratio of -1,048.15, a price-to-earnings-growth ratio of 290.68 and a beta of 1.06. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $318.46. The firm's 50-day moving average is $292.37 and its 200-day moving average is $246.84.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $678.03 million for the quarter, compared to analyst estimates of $667.13 million. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The company's revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.