Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,290 shares of the company's stock after acquiring an additional 10,406 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.16% of Zscaler worth $51,909,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Zscaler by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company's stock valued at $1,343,810,000 after purchasing an additional 129,090 shares during the last quarter. First Trust Advisors LP increased its holdings in Zscaler by 4.7% in the 1st quarter. First Trust Advisors LP now owns 1,862,369 shares of the company's stock worth $217,581,000 after buying an additional 84,440 shares during the period. Geode Capital Management LLC raised its position in Zscaler by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 1,241,626 shares of the company's stock worth $144,855,000 after buying an additional 42,565 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Zscaler by 40.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,219,700 shares of the company's stock valued at $142,498,000 after acquiring an additional 353,112 shares during the period. Finally, Whale Rock Capital Management LLC boosted its holdings in shares of Zscaler by 71.4% in the 2nd quarter. Whale Rock Capital Management LLC now owns 776,972 shares of the company's stock valued at $113,671,000 after acquiring an additional 323,719 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wedbush raised their target price on Zscaler from $250.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. Robert W. Baird boosted their target price on shares of Zscaler from $255.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. Citigroup raised their price target on shares of Zscaler from $235.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. Truist Financial reiterated a "buy" rating and issued a $260.00 price objective on shares of Zscaler in a research report on Monday, April 1st. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $230.00 target price on shares of Zscaler in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and a consensus price target of $230.24.

Insider Buying and Selling

In related news, Director Karen Blasing sold 7,000 shares of the business's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $236.24, for a total transaction of $1,653,680.00. Following the completion of the transaction, the director now owns 39,539 shares in the company, valued at $9,340,693.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Karen Blasing sold 7,000 shares of the company's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $236.24, for a total value of $1,653,680.00. Following the completion of the transaction, the director now directly owns 39,539 shares of the company's stock, valued at $9,340,693.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Remo Canessa sold 7,707 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the transaction, the chief financial officer now directly owns 255,943 shares in the company, valued at $49,435,390.45. The disclosure for this sale can be found here. Insiders sold 26,715 shares of company stock worth $5,865,882 over the last 90 days. 19.20% of the stock is owned by insiders.

Zscaler Trading Down 2.2 %

Shares of ZS traded down $3.76 during midday trading on Friday, hitting $169.21. 2,284,195 shares of the stock were exchanged, compared to its average volume of 2,270,080. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market cap of $25.36 billion, a P/E ratio of -180.20 and a beta of 0.80. Zscaler, Inc. has a 52-week low of $84.93 and a 52-week high of $259.61. The stock has a fifty day simple moving average of $207.79 and a 200 day simple moving average of $202.60.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate 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 company had revenue of $525.00 million during the quarter, compared to analysts' expectations of $507.56 million. On average, research analysts anticipate that Zscaler, Inc. will post -0.81 EPS 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.