Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 150.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 61,961 shares of the company's stock after buying an additional 37,254 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Zscaler were worth $12,294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Zscaler by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company's stock valued at $298,710,000 after purchasing an additional 32,545 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Zscaler by 25.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock valued at $291,935,000 after purchasing an additional 332,307 shares during the last quarter. AQR Capital Management LLC lifted its position in Zscaler by 120.1% in the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock valued at $173,921,000 after purchasing an additional 525,956 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Zscaler by 30.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company's stock valued at $156,739,000 after buying an additional 204,996 shares during the period. Finally, DnB Asset Management AS increased its stake in Zscaler by 66.8% during the 4th quarter. DnB Asset Management AS now owns 667,383 shares of the company's stock valued at $120,403,000 after buying an additional 267,162 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,849 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $865,241.30. Following the completion of the sale, the chief executive officer now owns 353,565 shares in the company, valued at approximately $107,377,690.50. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Syam Nair sold 28,947 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $250.00, for a total value of $7,236,750.00. Following the sale, the insider now owns 110,566 shares of the company's stock, valued at $27,641,500. This trade represents a 20.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 210,793 shares of company stock worth $60,812,794. Insiders own 18.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BNP Paribas upgraded shares of Zscaler from a "neutral" rating to an "outperform" rating and set a $260.00 price target for the company in a report on Monday, April 28th. Wall Street Zen upgraded shares of Zscaler from a "hold" rating to a "buy" rating in a report on Sunday, June 8th. Evercore ISI lifted their target price on shares of Zscaler from $245.00 to $290.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Stifel Nicolaus lifted their price target on shares of Zscaler from $270.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Stephens reissued an "overweight" rating and issued a $255.00 price target on shares of Zscaler in a research report on Tuesday, May 27th. Eight investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Zscaler presently has an average rating of "Moderate Buy" and an average price target of $295.50.

Zscaler Trading Up 0.5%

NASDAQ:ZS opened at $315.32 on Monday. The firm has a fifty day simple moving average of $263.30 and a 200 day simple moving average of $220.00. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $317.26. The stock has a market capitalization of $49.10 billion, a PE ratio of -1,212.77 and a beta of 1.09.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.84 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $678.03 million for the quarter, compared to analysts' expectations of $667.13 million. During the same quarter last year, the business earned $0.88 earnings per share. Zscaler's revenue was up 22.6% on a year-over-year basis. On average, equities analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.

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