Universal Beteiligungs und Servicegesellschaft mbH Invests $28.80 Million in Zscaler, Inc. (NASDAQ:ZS)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 159,648 shares of the company's stock, valued at approximately $28,802,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Zscaler as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. raised its stake in shares of Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Zscaler during the 4th quarter worth approximately $27,000. Colonial Trust Co SC acquired a new position in Zscaler during the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC acquired a new position in Zscaler during the fourth quarter valued at approximately $29,000. Finally, Elequin Capital LP acquired a new position in Zscaler during the fourth quarter valued at approximately $30,000. 46.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ZS shares. Cantor Fitzgerald boosted their price objective on shares of Zscaler from $250.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday. Morgan Stanley boosted their price objective on shares of Zscaler from $200.00 to $280.00 and gave the company an "equal weight" rating in a report on Friday. Roth Capital restated a "neutral" rating on shares of Zscaler in a report on Wednesday. Citigroup restated a "buy" rating and set a $240.00 price objective (up previously from $235.00) on shares of Zscaler in a report on Wednesday, March 5th. Finally, Needham & Company LLC boosted their price objective on shares of Zscaler from $240.00 to $310.00 and gave the company a "buy" rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $275.12.

Insider Activity at Zscaler

In related news, Director Andrew William Fraser Brown sold 10,000 shares of Zscaler stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the sale, the director now directly owns 27,216 shares in the company, valued at $5,606,496. This trade represents a 26.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of Zscaler stock in a transaction that occurred 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 sale, the insider now owns 2,580,210 shares in the company, valued at approximately $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 three months, insiders have sold 241,771 shares of company stock valued at $50,165,040. 18.10% of the stock is owned by insiders.

Zscaler Trading Up 9.1%

ZS stock traded up $22.92 during mid-day trading on Friday, hitting $274.03. The stock had a trading volume of 9,940,403 shares, compared to its average volume of 2,077,574. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $277.94. The firm has a market capitalization of $42.40 billion, a P/E ratio of -1,096.12 and a beta of 1.14. The firm has a fifty day simple moving average of $220.62 and a 200 day simple moving average of $206.35.

Zscaler (NASDAQ:ZS - Get Free Report) last released 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 1.58% and a negative return on equity of 0.75%. The firm had revenue of $678.03 million for the quarter, compared to analyst estimates of $667.13 million. During the same period last year, the firm earned $0.88 EPS. The business's quarterly revenue was up 22.6% compared to the same quarter last year. As a group, equities analysts expect that Zscaler, Inc. will post -0.1 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.