Gulf International Bank UK Ltd Cuts Stake in Zscaler, Inc. (NASDAQ:ZS)

Gulf International Bank UK Ltd reduced its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,857 shares of the company’s stock after selling 67 shares during the period. Gulf International Bank UK Ltd’s holdings in Zscaler were worth $1,237,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC increased its position in shares of Zscaler by 28.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after purchasing an additional 283,540 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of Zscaler by 33.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after purchasing an additional 100,814 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Zscaler by 59.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock valued at $34,421,000 after purchasing an additional 71,297 shares during the last quarter. Thematics Asset Management increased its position in shares of Zscaler by 88.5% in the 3rd quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock valued at $25,128,000 after purchasing an additional 69,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Zscaler by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock valued at $277,327,000 after purchasing an additional 60,414 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Up 2.2 %

Shares of NASDAQ:ZS opened at $196.23 on Friday. The company has a market cap of $30.11 billion, a price-to-earnings ratio of -784.92 and a beta of 0.89. The firm’s 50-day simple moving average is $195.64 and its 200-day simple moving average is $191.49. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $243.94.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. During the same quarter last year, the business earned ($0.18) earnings per share. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on ZS shares. Wells Fargo & Company increased their price objective on shares of Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Mizuho increased their price objective on shares of Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a report on Monday, November 18th. Guggenheim restated a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Finally, Susquehanna upped their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and an average target price of $226.56.

Insider Activity at Zscaler

In related news, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares in the company, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock worth $2,052,879 over the last 90 days. Company insiders own 18.10% of the company’s stock.

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.