Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Keybank National Association OH

Keybank National Association OH grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 286,500 shares of the company’s stock after purchasing an additional 9,486 shares during the quarter. Keybank National Association OH owned approximately 0.19% of Zscaler worth $51,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Champlain Investment Partners LLC increased its stake in shares of Zscaler by 28.2% during the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock worth $220,401,000 after buying an additional 283,540 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Zscaler by 33.8% during the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after buying an additional 100,814 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Zscaler by 59.7% in the fourth 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 in the last quarter. Thematics Asset Management boosted its holdings in Zscaler by 88.5% in the third 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 in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Zscaler by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock valued at $277,327,000 after acquiring an additional 60,414 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, insider Syam Nair sold 3,682 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the transaction, the chief financial officer now owns 220,635 shares in the company, valued at $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 in the last three months. Insiders own 18.10% of the company’s stock.

Zscaler Stock Down 3.8 %

Zscaler stock opened at $188.79 on Tuesday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $221.62. The business has a 50 day moving average price of $195.69 and a two-hundred day moving average price of $191.53. The stock has a market cap of $28.97 billion, a price-to-earnings ratio of -755.16 and a beta of 0.89.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ZS shares. BTIG Research upped their price target on Zscaler from $205.00 to $238.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Guggenheim restated a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Susquehanna increased their price objective on Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research note on Tuesday, December 3rd. Barclays increased their price objective on Zscaler from $220.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Canaccord Genuity Group increased their price objective on Zscaler from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.56.

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.