Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,100 shares of the company's stock after selling 5,500 shares during the quarter. Swiss National Bank owned about 0.19% of Zscaler worth $61,173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ZS. Polar Capital Holdings Plc purchased a new stake in shares of Zscaler in the third quarter valued at $61,681,000. International Assets Investment Management LLC lifted its holdings in shares of Zscaler by 19,012.4% in the fourth quarter. International Assets Investment Management LLC now owns 223,997 shares of the company's stock valued at $49,629,000 after purchasing an additional 222,825 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Zscaler by 370.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 249,310 shares of the company's stock worth $55,660,000 after acquiring an additional 196,296 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Zscaler in the fourth quarter worth $39,246,000. Finally, Vanguard Group Inc. increased its stake in shares of Zscaler by 1.5% in the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company's stock worth $1,343,810,000 after acquiring an additional 129,090 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ZS shares. JPMorgan Chase & Co. upped their price target on shares of Zscaler from $212.00 to $240.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. Citigroup raised their price objective on shares of Zscaler from $235.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. Needham & Company LLC reissued a "strong-buy" rating and issued a $290.00 price target on shares of Zscaler in a report on Friday, March 1st. Macquarie reaffirmed an "outperform" rating and set a $245.00 target price on shares of Zscaler in a report on Tuesday, March 19th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $230.00 target price on shares of Zscaler in a report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $230.24.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the transaction, the chief executive officer now owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Remo Canessa sold 7,707 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the transaction, the chief financial officer now directly owns 255,943 shares of the company's stock, valued at approximately $49,435,390.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The disclosure for this sale can be found here. Insiders have sold 19,715 shares of company stock valued at $4,212,202 over the last ninety days. 19.20% of the stock is owned by insiders.

Zscaler Trading Up 0.6 %

NASDAQ:ZS traded up $1.03 during mid-day trading on Monday, reaching $178.14. 1,303,134 shares of the company's stock traded hands, compared to its average volume of 2,169,000. Zscaler, Inc. has a 12-month low of $103.62 and a 12-month high of $259.61. The firm has a market capitalization of $26.70 billion, a price-to-earnings ratio of -186.43 and a beta of 0.85. The company has a 50 day moving average price of $192.52 and a 200-day moving average price of $203.85. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The business had revenue of $525.00 million for the quarter, compared to analysts' expectations of $507.56 million. On average, sell-side analysts predict that Zscaler, Inc. will post -0.8 earnings per share for the current 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.