Robeco Institutional Asset Management B.V. Has $4.61 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Robeco Institutional Asset Management B.V. decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 67.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,794 shares of the company's stock after selling 42,645 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Zscaler were worth $4,607,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on ZS shares. Wedbush increased their price target on Zscaler from $250.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. Morgan Stanley raised their price objective on Zscaler from $195.00 to $214.00 and gave the company an "equal weight" rating in a research report on Monday, February 26th. Macquarie reiterated an "outperform" rating and issued a $245.00 price target on shares of Zscaler in a research report on Tuesday, March 19th. Needham & Company LLC reiterated a "strong-buy" rating and issued a $290.00 price target on shares of Zscaler in a research report on Friday, March 1st. Finally, Truist Financial reiterated a "buy" rating and issued a $260.00 price target on shares of Zscaler in a research report on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $231.26.

Zscaler Stock Down 2.0 %

NASDAQ ZS traded down $3.62 on Tuesday, reaching $176.98. 1,788,021 shares of the company's stock traded hands, compared to its average volume of 2,115,014. The stock has a 50 day moving average price of $183.28 and a 200-day moving average price of $205.17. Zscaler, Inc. has a fifty-two week low of $123.21 and a fifty-two week high of $259.61. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19.

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

Insider Buying and Selling

In other Zscaler news, CFO Remo Canessa sold 7,707 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the completion of the sale, the chief financial officer now owns 255,943 shares in the company, valued at approximately $49,435,390.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the sale, the chief executive officer now owns 367,152 shares in the company, valued at approximately $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Remo Canessa sold 7,707 shares of the firm'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 $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 disclosure for this sale can be found here. Insiders sold a total of 12,715 shares of company stock worth $2,455,902 in the last 90 days. Insiders own 19.20% of the company's stock.

Zscaler 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.