DnB Asset Management AS Has $2.03 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

DnB Asset Management AS raised its holdings in Zscaler, Inc. (NASDAQ:ZSGet Rating) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,578 shares of the company’s stock after acquiring an additional 378 shares during the quarter. DnB Asset Management AS’s holdings in Zscaler were worth $2,030,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. abrdn plc lifted its stake in shares of Zscaler by 5.2% in the fourth quarter. abrdn plc now owns 6,592 shares of the company’s stock worth $2,118,000 after buying an additional 328 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Zscaler by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,768 shares of the company’s stock worth $77,046,000 after acquiring an additional 7,884 shares during the last quarter. Level Four Advisory Services LLC bought a new stake in Zscaler during the 4th quarter worth about $233,000. Geode Capital Management LLC lifted its position in Zscaler by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 1,074,070 shares of the company’s stock valued at $344,632,000 after purchasing an additional 61,346 shares during the period. Finally, American International Group Inc. lifted its position in Zscaler by 593.0% during the 4th quarter. American International Group Inc. now owns 10,520 shares of the company’s stock valued at $3,380,000 after purchasing an additional 9,002 shares during the period. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 8,045 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $167.97, for a total transaction of $1,351,318.65. Following the transaction, the insider now directly owns 135,381 shares of the company’s stock, valued at $22,739,946.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Robert Schlossman sold 8,045 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $167.97, for a total transaction of $1,351,318.65. Following the completion of the sale, the insider now owns 135,381 shares in the company, valued at $22,739,946.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 81,890 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $167.97, for a total value of $13,755,063.30. Following the sale, the chief executive officer now owns 281,107 shares of the company’s stock, valued at approximately $47,217,542.79. The disclosure for this sale can be found here. Insiders have sold 151,514 shares of company stock valued at $25,449,807 over the last ninety days. 20.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZS. MKM Partners began coverage on shares of Zscaler in a research report on Thursday, September 15th. They issued a “buy” rating and a $225.00 price target on the stock. BTIG Research cut shares of Zscaler from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 26th. BMO Capital Markets raised their price target on shares of Zscaler from $172.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, September 9th. Barclays raised their target price on shares of Zscaler from $168.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, September 9th. Finally, UBS Group cut their price target on Zscaler from $325.00 to $200.00 and set a “buy” rating for the company in a report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $234.06.

Zscaler Price Performance

Shares of ZS opened at $171.88 on Thursday. Zscaler, Inc. has a 52-week low of $125.12 and a 52-week high of $376.11. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.99 and a current ratio of 1.99. The business’s 50 day moving average price is $163.81 and its two-hundred day moving average price is $177.23. The firm has a market cap of $24.59 billion, a PE ratio of -62.05 and a beta of 1.02.

Zscaler (NASDAQ:ZSGet Rating) last issued its earnings results on Thursday, September 8th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Zscaler had a negative return on equity of 55.59% and a negative net margin of 35.77%. The company had revenue of $318.06 million for the quarter, compared to analyst estimates of $305.54 million. During the same period in the prior year, the firm earned ($0.48) earnings per share. Zscaler’s revenue for the quarter was up 61.4% on a year-over-year basis. On average, equities analysts anticipate that Zscaler, Inc. will post -2.17 EPS for the current year.

Zscaler Company Profile

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Zscaler, Inc operates as a cloud security company worldwide. It 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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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