Nordea Investment Management AB Has $6.63 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Nordea Investment Management AB grew its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 463.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,803 shares of the company's stock after buying an additional 24,514 shares during the quarter. Nordea Investment Management AB's holdings in Zscaler were worth $6,629,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Marshall Wace LLP lifted its stake in shares of Zscaler by 2,324.4% in the second quarter. Marshall Wace LLP now owns 1,187,102 shares of the company's stock valued at $173,673,000 after purchasing an additional 1,138,138 shares during the period. Holocene Advisors LP acquired a new stake in shares of Zscaler in the second quarter valued at about $127,215,000. Renaissance Technologies LLC acquired a new stake in shares of Zscaler in the first quarter valued at about $168,365,000. Norges Bank acquired a new stake in shares of Zscaler in the fourth quarter valued at about $59,634,000. Finally, Polar Capital Holdings Plc acquired a new stake in shares of Zscaler in the third quarter valued at about $61,681,000. Hedge funds and other institutional investors own 46.45% of the company's stock.

Insider Buying and Selling at Zscaler

In other news, insider Syam Nair sold 2,893 shares of the company's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the transaction, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the sale, the chief executive officer now owns 367,152 shares of the company's stock, valued at $70,915,408.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Syam Nair sold 2,893 shares of the company's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the sale, the insider now directly owns 137,294 shares of the company's stock, valued at approximately $26,518,336.10. The disclosure for this sale can be found here. Insiders sold a total of 40,715 shares of company stock worth $8,909,342 over the last 90 days. Insiders own 19.20% of the company's stock.

Zscaler Stock Down 1.6 %

Shares of NASDAQ:ZS traded down $3.12 during midday trading on Friday, reaching $194.95. The company had a trading volume of 1,633,209 shares, compared to its average volume of 3,324,084. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. The stock's fifty day moving average price is $227.67 and its 200-day moving average price is $198.97. The stock has a market capitalization of $29.22 billion, a P/E ratio of -205.21 and a beta of 0.85. Zscaler, Inc. has a one year low of $84.93 and a one year high of $259.61.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.08. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. The business had revenue of $525.00 million during the quarter, compared to analyst estimates of $507.56 million. Equities research analysts expect that Zscaler, Inc. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Rosenblatt Securities raised their target price on shares of Zscaler from $285.00 to $290.00 and gave the company a "buy" rating in a report on Friday, March 1st. TD Cowen raised their target price on shares of Zscaler from $195.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, November 28th. Oppenheimer raised their target price on shares of Zscaler from $245.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, January 3rd. Evercore ISI raised their target price on shares of Zscaler from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, November 28th. Finally, Stephens raised their target price on shares of Zscaler from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Tuesday, November 28th. Six investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zscaler currently has a consensus rating of "Moderate Buy" and an average target price of $230.55.

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.