Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 809 Zscaler, Inc. (NASDAQ:ZS)

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 809 shares of the company’s stock, valued at approximately $138,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ZS. V Square Quantitative Management LLC increased its stake in Zscaler by 68.5% during the 4th quarter. V Square Quantitative Management LLC now owns 972 shares of the company’s stock valued at $215,000 after purchasing an additional 395 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Zscaler by 3.0% during the 4th quarter. American International Group Inc. now owns 11,805 shares of the company’s stock valued at $2,616,000 after acquiring an additional 348 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Zscaler by 5.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,657 shares of the company’s stock valued at $3,247,000 after acquiring an additional 737 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Zscaler by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company’s stock valued at $1,959,426,000 after acquiring an additional 206,908 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Zscaler by 3.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,398 shares of the company’s stock valued at $1,639,000 after acquiring an additional 251 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Down 0.8 %

Zscaler stock opened at $195.16 on Wednesday. The company has a market cap of $29.50 billion, a price-to-earnings ratio of -382.67 and a beta of 0.82. The firm’s fifty day moving average is $179.62 and its 200 day moving average is $180.64. Zscaler, Inc. has a 52-week low of $152.60 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly 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 for 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%. Zscaler’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. On average, equities research analysts anticipate that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ZS shares. Piper Sandler dropped 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. Raymond James started coverage on shares of Zscaler in a report on Tuesday, July 23rd. They set a “market perform” rating on the stock. Scotiabank dropped their price target on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating on the stock in a report on Wednesday, September 4th. Barclays dropped their price objective on shares of Zscaler from $230.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. Finally, BTIG Research dropped their price objective on shares of Zscaler from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Ten investment 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $216.97.

Insider Activity

In other news, insider Michael J. Rich sold 4,813 shares of the stock in a transaction 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 sale, the insider now owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Michael J. Rich sold 4,813 shares of the company’s 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares in the company, valued at approximately $19,224,950.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is currently owned by company insiders.

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.