Swedbank AB Raises Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Swedbank AB boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 25.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,363 shares of the company’s stock after acquiring an additional 2,327 shares during the quarter. Swedbank AB’s holdings in Zscaler were worth $1,942,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ZS. EverSource Wealth Advisors LLC increased its position in shares of Zscaler by 8.6% during the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock worth $149,000 after acquiring an additional 66 shares during the period. Kovack Advisors Inc. grew its stake in Zscaler by 3.4% in the first quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock worth $393,000 after purchasing an additional 67 shares in the last quarter. GAMMA Investing LLC increased its holdings in Zscaler by 21.3% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after purchasing an additional 67 shares during the period. American Trust raised its position in Zscaler by 6.1% during the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock valued at $233,000 after purchasing an additional 70 shares in the last quarter. Finally, Rockline Wealth Management LLC lifted its holdings in shares of Zscaler by 5.1% in the 2nd quarter. Rockline Wealth Management LLC now owns 1,798 shares of the company’s stock worth $345,000 after buying an additional 88 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other news, insider Michael J. Rich sold 4,813 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $824,370.64. Following the sale, the insider now owns 103,259 shares of the company’s stock, valued at $17,686,201.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Rich sold 4,813 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $824,370.64. Following the completion of the sale, the insider now directly owns 103,259 shares in the company, valued at approximately $17,686,201.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 over the last quarter. 19.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ZS shares. BMO Capital Markets decreased their price objective on Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Scotiabank reduced their price target on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. dropped their price objective on shares of Zscaler from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 4th. JMP Securities reissued a “market outperform” rating and issued a $270.00 price objective on shares of Zscaler in a research note on Wednesday, September 4th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $190.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.97.

Zscaler Trading Up 0.7 %

Shares of NASDAQ ZS opened at $190.01 on Friday. The company has a 50 day simple moving average of $180.78 and a two-hundred day simple moving average of $180.76. The stock has a market cap of $28.72 billion, a price-to-earnings ratio of -372.57 and a beta of 0.82. Zscaler, Inc. has a 12 month low of $152.60 and a 12 month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.17) earnings per share. Analysts forecast that Zscaler, Inc. will post -0.95 EPS 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.