APG Asset Management N.V. Reduces Stock Position in Zscaler, Inc. (NASDAQ:ZS)

APG Asset Management N.V. trimmed its position in Zscaler, Inc. (NASDAQ:ZS) by 7.9% during the second quarter, Holdings Channel.com reports. The firm owned 87,822 shares of the company’s stock after selling 7,485 shares during the period. APG Asset Management N.V.’s holdings in Zscaler were worth $15,749,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ZS. EverSource Wealth Advisors LLC increased its stake in Zscaler by 8.6% in the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock valued at $149,000 after purchasing an additional 66 shares during the last quarter. Kovack Advisors Inc. increased its stake in shares of Zscaler by 3.4% during the 1st quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock valued at $393,000 after acquiring an additional 67 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Zscaler by 21.3% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after acquiring an additional 67 shares during the period. Swedbank AB boosted its position in shares of Zscaler by 0.8% in the second quarter. Swedbank AB now owns 9,036 shares of the company’s stock worth $1,737,000 after acquiring an additional 76 shares during the last quarter. Finally, Rockline Wealth Management LLC grew its holdings in Zscaler by 5.1% in the second quarter. Rockline Wealth Management LLC now owns 1,798 shares of the company’s stock valued at $345,000 after purchasing an additional 88 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In related news, Director Andrew William Fraser Brown sold 8,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the sale, the director now owns 25,907 shares in the company, valued at $4,510,408.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the completion of the transaction, the chief executive officer now owns 361,432 shares of the company’s stock, valued at $61,906,072.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew William Fraser Brown sold 8,000 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the completion of the sale, the director now directly owns 25,907 shares in the company, valued at approximately $4,510,408.70. The disclosure for this sale can be found here. Insiders sold a total of 24,120 shares of company stock worth $4,153,834 over the last 90 days. Insiders own 19.20% of the company’s stock.

Zscaler Stock Performance

NASDAQ:ZS opened at $171.77 on Friday. The company has a market capitalization of $25.96 billion, a price-to-earnings ratio of -336.80 and a beta of 0.82. Zscaler, Inc. has a one year low of $146.71 and a one year high of $259.61. The stock has a 50-day simple moving average of $178.92 and a 200 day simple moving average of $181.98.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $592.90 million during the quarter, compared to analyst estimates of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business’s revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) EPS. On average, equities research analysts forecast that Zscaler, Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

ZS has been the topic of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a report on Wednesday, September 4th. Citigroup lowered their price target on Zscaler from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Robert W. Baird reduced their price objective on Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Barclays dropped their target price on shares of Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Finally, BMO Capital Markets reduced their price target on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.39.

Zscaler Company 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.