Zscaler, Inc. (NASDAQ:ZS) Shares Purchased by Signaturefd LLC

Signaturefd LLC grew its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028 shares of the company’s stock after acquiring an additional 134 shares during the period. Signaturefd LLC’s holdings in Zscaler were worth $176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Zscaler by 1.3% during the first quarter. Vanguard Group Inc. now owns 8,961,774 shares of the company’s stock worth $1,726,307,000 after purchasing an additional 118,002 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Zscaler by 19.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 619,293 shares of the company’s stock valued at $119,294,000 after buying an additional 102,616 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Zscaler by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 496,047 shares of the company’s stock worth $95,335,000 after buying an additional 25,181 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Zscaler by 18.3% in the 2nd quarter. Federated Hermes Inc. now owns 394,698 shares of the company’s stock worth $75,857,000 after acquiring an additional 61,037 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Zscaler by 0.9% in the 1st quarter. Acadian Asset Management LLC now owns 336,197 shares of the company’s stock valued at $64,744,000 after acquiring an additional 2,937 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ZS. Piper Sandler decreased their price objective on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a report on Wednesday, September 4th. Mizuho lowered shares of Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price target for the company. in a report on Tuesday, July 16th. Bank of America lowered shares of Zscaler from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $265.00 to $195.00 in a research note on Wednesday, September 4th. Loop Capital decreased their target price on Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. dropped their price target on Zscaler from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $216.73.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 4,947 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $170.22, for a total value of $842,078.34. Following the completion of the sale, the insider now owns 107,241 shares in the company, valued at approximately $18,254,563.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Robert Schlossman sold 4,947 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $170.22, for a total transaction of $842,078.34. Following the transaction, the insider now directly owns 107,241 shares of the company’s stock, valued at approximately $18,254,563.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Rich sold 4,813 shares of Zscaler stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $824,370.64. Following the transaction, the insider now directly owns 103,259 shares in the company, valued at approximately $17,686,201.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $5,256,651 over the last ninety days. 19.20% of the stock is currently owned by company insiders.

Zscaler Stock Performance

NASDAQ ZS opened at $184.96 on Monday. The stock has a market capitalization of $27.96 billion, a P/E ratio of -362.67 and a beta of 0.82. The business’s fifty day moving average is $180.90 and its two-hundred day moving average is $180.68. Zscaler, Inc. has a 1 year low of $152.60 and a 1 year high of $259.61.

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