Andra AP fonden Purchases 7,500 Shares of Zscaler, Inc. (NASDAQ:ZS)

Andra AP fonden boosted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 500.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Andra AP fonden’s holdings in Zscaler were worth $1,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC increased its holdings in Zscaler by 42.8% during the 4th quarter. Private Advisor Group LLC now owns 2,101 shares of the company’s stock worth $465,000 after purchasing an additional 630 shares in the last quarter. Principal Securities Inc. purchased a new stake in Zscaler in the 4th quarter valued at $82,000. Dimensional Fund Advisors LP lifted its stake in Zscaler by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 145,455 shares of the company’s stock valued at $32,230,000 after acquiring an additional 4,257 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Zscaler by 721.1% during the 4th quarter. Principal Financial Group Inc. now owns 88,592 shares of the company’s stock worth $19,628,000 after acquiring an additional 77,802 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Zscaler by 16.6% in the 4th quarter. Ieq Capital LLC now owns 2,175 shares of the company’s stock worth $482,000 after acquiring an additional 309 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

NASDAQ:ZS opened at $166.71 on Friday. Zscaler, Inc. has a 52-week low of $146.59 and a 52-week high of $259.61. The stock has a fifty day moving average of $184.68 and a 200 day moving average of $185.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $25.20 billion, a price-to-earnings ratio of -326.88 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.70 by $0.18. Zscaler had a negative return on equity of 3.75% and a negative net margin of 2.66%. The company had revenue of $592.90 million during the quarter, compared to analyst estimates of $567.46 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. Zscaler’s revenue was up 30.3% on a year-over-year basis. On average, research analysts expect that Zscaler, Inc. will post -0.92 EPS for the current fiscal year.

Insider Transactions at Zscaler

In related news, CFO Remo Canessa sold 7,981 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the transaction, the chief financial officer now directly owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 19.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ZS has been the topic of several analyst reports. Piper Sandler cut their price target on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. UBS Group reduced their target price on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. BMO Capital Markets dropped their price target on Zscaler from $208.00 to $197.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Needham & Company LLC reduced their price objective on Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a research note on Wednesday, September 4th. Finally, Barclays lowered their target price on Zscaler from $230.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.39.

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.