BI Asset Management Fondsmaeglerselskab A S Has $5.66 Million Stake in Zscaler, Inc. (NASDAQ:ZS)

BI Asset Management Fondsmaeglerselskab A S increased its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 60.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,548 shares of the company's stock after buying an additional 9,671 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Zscaler were worth $5,660,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in Zscaler by 582.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company's stock worth $35,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Zscaler in the fourth quarter valued at approximately $37,000. Quadrant Capital Group LLC lifted its stake in shares of Zscaler by 66.7% in the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company's stock worth $39,000 after buying an additional 70 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company's stock worth $46,000 after buying an additional 109 shares during the period. Finally, Lindbrook Capital LLC grew its stake in Zscaler by 41.1% in the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company's stock valued at $53,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Trading Down 0.3 %

NASDAQ ZS traded down $0.45 during trading on Friday, reaching $178.86. 1,466,422 shares of the stock traded hands, compared to its average volume of 1,626,492. Zscaler, Inc. has a fifty-two week low of $118.16 and a fifty-two week high of $259.61. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. The firm has a market cap of $26.81 billion, a price-to-earnings ratio of -188.27 and a beta of 0.85. The stock's 50-day moving average price is $183.68 and its 200 day moving average price is $205.02.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $525.00 million for the quarter, compared to analyst estimates of $507.56 million. Analysts predict that Zscaler, Inc. will post -0.8 EPS for the current year.

Analyst Upgrades and Downgrades

ZS has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on Zscaler from $195.00 to $214.00 and gave the stock an "equal weight" rating in a research report on Monday, February 26th. JMP Securities reissued a "market outperform" rating and issued a $270.00 price target on shares of Zscaler in a report on Tuesday, May 14th. The Goldman Sachs Group raised their price target on shares of Zscaler from $189.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, March 4th. Needham & Company LLC reaffirmed a "strong-buy" rating and set a $290.00 price objective on shares of Zscaler in a research report on Friday, March 1st. Finally, BMO Capital Markets reduced their target price on shares of Zscaler from $268.00 to $255.00 and set an "outperform" rating for the company in a research note on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.29.

Insider Buying and Selling

In related news, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction that occurred 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 sale, the chief financial officer now owns 255,943 shares of the company's stock, valued at approximately $49,435,390.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Zscaler news, CFO Remo Canessa sold 7,707 shares of the business'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 $1,488,607.05. Following the sale, the chief financial officer now directly owns 255,943 shares of the company's stock, valued at approximately $49,435,390.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Syam Nair sold 2,893 shares of the firm'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 $558,782.95. Following the completion of the transaction, the insider now 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. In the last ninety days, insiders sold 12,715 shares of company stock valued at $2,455,902. Company insiders own 19.20% of the company's stock.

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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