Zscaler, Inc. (NASDAQ:ZS) Stock Holdings Increased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 11.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,422 shares of the company’s stock after buying an additional 444 shares during the period. Motley Fool Asset Management LLC’s holdings in Zscaler were worth $852,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. purchased a new position in shares of Zscaler in the fourth quarter worth approximately $217,683,000. Norges Bank purchased a new position in Zscaler during the 4th quarter worth approximately $117,599,000. Trivest Advisors Ltd acquired a new stake in Zscaler during the 4th quarter valued at $72,051,000. International Assets Investment Management LLC lifted its holdings in shares of Zscaler by 19,012.4% in the fourth quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock valued at $49,629,000 after purchasing an additional 222,825 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Zscaler by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company’s stock worth $1,959,426,000 after buying an additional 206,908 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Remo Canessa sold 7,981 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 243,486 shares in the company, valued at approximately $43,148,154.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 19.20% of the stock is currently owned by corporate insiders.

Zscaler Stock Down 4.0 %

NASDAQ ZS traded down $8.19 on Wednesday, reaching $194.93. The company had a trading volume of 2,052,855 shares, compared to its average volume of 2,237,077. The company’s fifty day moving average is $182.60 and its 200-day moving average is $200.73. The firm has a market capitalization of $29.46 billion, a price-to-earnings ratio of -381.51 and a beta of 0.85. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75. Zscaler, Inc. has a 1-year low of $131.59 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.39. The firm had revenue of $553.20 million for the quarter, compared to analysts’ expectations of $535.55 million. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. On average, research analysts forecast that Zscaler, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ZS. Barclays boosted their price target on shares of Zscaler from $205.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Macquarie reissued an “outperform” rating and issued a $245.00 target price on shares of Zscaler in a research report on Tuesday, March 19th. Susquehanna cut their price target on shares of Zscaler from $275.00 to $210.00 and set a “positive” rating on the stock in a report on Friday, May 31st. Oppenheimer reiterated an “outperform” rating and issued a $260.00 price objective (down from $290.00) on shares of Zscaler in a report on Friday, May 31st. Finally, Scotiabank cut their target price on Zscaler from $250.00 to $210.00 and set a “sector outperform” rating on the stock in a report on Friday, May 31st. Seven analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.21.

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.