Vanguard Personalized Indexing Management LLC Has $1.23 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Vanguard Personalized Indexing Management LLC grew its stake in Zscaler, Inc. (NASDAQ:ZS) by 7.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 6,412 shares of the company’s stock after purchasing an additional 472 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Zscaler were worth $1,230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC bought a new stake in Zscaler during the second quarter worth $28,000. Jones Financial Companies Lllp bought a new stake in shares of Zscaler in the 4th quarter valued at about $29,000. Quadrant Capital Group LLC lifted its stake in Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Asset Dedication LLC grew its holdings in Zscaler by 436.8% during the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after purchasing an additional 166 shares during the period. Finally, American Capital Advisory LLC acquired a new position in Zscaler during the second quarter worth approximately $50,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Trading Up 0.1 %

ZS opened at $172.71 on Monday. The company has a market cap of $26.10 billion, a P/E ratio of -338.65 and a beta of 0.82. The company’s 50 day moving average is $181.28 and its 200-day moving average is $182.83. Zscaler, Inc. has a 1-year low of $146.59 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 3rd. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The firm had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) earnings per share. On average, equities analysts forecast that Zscaler, Inc. will post -0.92 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,852 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 $488,490.56. Following the completion of the transaction, the chief executive officer now owns 361,432 shares in the company, valued at approximately $61,906,072.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Michael J. Rich sold 4,813 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the transaction, the insider now directly owns 103,259 shares in the company, valued at $17,686,201.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the completion of the transaction, the chief executive officer now directly owns 361,432 shares in the company, valued at $61,906,072.96. The disclosure for this sale can be found here. Insiders have sold 16,120 shares of company stock worth $2,761,034 in the last 90 days. Insiders own 19.20% of the company’s stock.

Analyst Ratings Changes

ZS has been the subject of a number of recent analyst reports. Cantor Fitzgerald cut their price objective on Zscaler from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Scotiabank dropped their price objective on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, September 4th. Citigroup reduced their target price on shares of Zscaler from $270.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Needham & Company LLC lowered their price target on shares of Zscaler from $290.00 to $235.00 and set a “strong-buy” rating on the stock in a report on Wednesday, September 4th. Finally, UBS Group reduced their price objective on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $218.39.

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.