68,200 Shares in Zscaler Inc (NASDAQ:ZS) Purchased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Zscaler Inc (NASDAQ:ZS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 68,200 shares of the company’s stock, valued at approximately $3,231,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.05% of Zscaler as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP grew its holdings in Zscaler by 53.8% during the 3rd quarter. First Trust Advisors LP now owns 1,257,760 shares of the company’s stock valued at $59,442,000 after buying an additional 440,077 shares in the last quarter. State Street Corp grew its holdings in Zscaler by 8.2% during the 3rd quarter. State Street Corp now owns 845,097 shares of the company’s stock valued at $39,939,000 after buying an additional 64,095 shares in the last quarter. Scout Investments Inc. purchased a new position in Zscaler during the 4th quarter valued at about $33,617,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Zscaler by 4,811.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 250,376 shares of the company’s stock valued at $11,642,000 after buying an additional 245,278 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in Zscaler during the 3rd quarter valued at about $9,115,000. 36.93% of the stock is owned by institutional investors.

A number of research firms have weighed in on ZS. Credit Suisse Group reaffirmed a “buy” rating and set a $70.00 target price on shares of Zscaler in a report on Monday, December 9th. ValuEngine raised Zscaler from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Cowen reaffirmed a “buy” rating and set a $70.00 target price on shares of Zscaler in a report on Wednesday, December 4th. Bank of America reaffirmed a “buy” rating and set a $70.00 target price on shares of Zscaler in a report on Wednesday, December 11th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $55.00 target price on shares of Zscaler in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. Zscaler presently has a consensus rating of “Hold” and a consensus price target of $63.11.

In related news, insider Amit Sinha sold 887 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $47.00, for a total value of $41,689.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Schlossman sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $50.00, for a total value of $100,000.00. Following the completion of the sale, the insider now owns 94,966 shares of the company’s stock, valued at approximately $4,748,300. The disclosure for this sale can be found here. In the last quarter, insiders have sold 231,187 shares of company stock valued at $13,532,524. Corporate insiders own 23.80% of the company’s stock.

Shares of ZS opened at $62.11 on Friday. The company has a market cap of $7.95 billion, a PE ratio of -207.03 and a beta of 1.07. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $55.61 and a 200-day moving average price of $55.58. Zscaler Inc has a 12-month low of $40.05 and a 12-month high of $89.54.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.11. The firm had revenue of $93.59 million during the quarter, compared to the consensus estimate of $89.81 million. Zscaler had a negative return on equity of 11.23% and a negative net margin of 11.45%. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. As a group, analysts predict that Zscaler Inc will post -0.34 earnings per share for the current year.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either 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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