Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Saturna Capital Corp

Saturna Capital Corp lifted its stake in Zscaler, Inc. (NASDAQ:ZS) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,398 shares of the company’s stock after purchasing an additional 126 shares during the period. Saturna Capital Corp’s holdings in Zscaler were worth $239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its stake in shares of Zscaler by 6.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 103,937 shares of the company’s stock valued at $20,021,000 after purchasing an additional 6,683 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Zscaler by 9.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 116,691 shares of the company’s stock valued at $22,478,000 after purchasing an additional 9,689 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Zscaler by 7.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock valued at $37,495,000 after purchasing an additional 14,701 shares during the period. Creative Planning lifted its stake in shares of Zscaler by 7.6% in the third quarter. Creative Planning now owns 148,534 shares of the company’s stock valued at $25,390,000 after purchasing an additional 10,551 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in Zscaler during the 2nd quarter valued at about $25,287,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ZS shares. Citigroup dropped their target price on shares of Zscaler from $240.00 to $230.00 and set a “buy” rating for the company in a report on Friday, October 4th. BNP Paribas began coverage on shares of Zscaler in a report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 target price for the company. Raymond James began coverage on shares of Zscaler in a report on Tuesday, July 23rd. They set a “market perform” rating for the company. Cantor Fitzgerald lowered their price target on shares of Zscaler from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Needham & Company LLC lowered their price target on shares of Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a report on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus target price of $216.73.

Zscaler Stock Up 1.4 %

Shares of Zscaler stock opened at $211.88 on Wednesday. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61. The stock has a market cap of $32.31 billion, a P/E ratio of -522.59 and a beta of 0.82. The business’s 50 day moving average is $179.36 and its 200-day moving average is $181.98.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter in the prior year, the business earned ($0.17) EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, sell-side analysts expect that Zscaler, Inc. will post -0.95 EPS for the current year.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the completion of the sale, the insider now directly owns 105,806 shares in the company, valued at $19,224,950.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock valued at $5,256,651 in the last ninety days. 19.20% of the stock is currently owned by corporate insiders.

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.