B. Metzler seel. Sohn & Co. Holding AG Buys New Position in Zscaler, Inc. (NASDAQ:ZS)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,499 shares of the company’s stock, valued at approximately $4,701,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its position in Zscaler by 13,498.6% during the third quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock worth $48,769,000 after buying an additional 283,201 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Zscaler during the 1st quarter valued at about $47,217,000. GuoLine Advisory Pte Ltd purchased a new position in shares of Zscaler during the 3rd quarter worth about $32,660,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Zscaler in the second quarter worth approximately $25,287,000. Finally, Rokos Capital Management LLP purchased a new stake in Zscaler in the first quarter valued at approximately $17,880,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zscaler

In other Zscaler news, CFO Remo Canessa sold 8,455 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $1,448,172.40. Following the sale, the chief financial officer now directly owns 231,793 shares in the company, valued at approximately $39,701,505.04. The trade was a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $260,739.50. Following the transaction, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock worth $5,256,651 over the last ninety days. 19.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ZS has been the topic of a number of recent analyst reports. BTIG Research cut their price target on shares of Zscaler from $220.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Piper Sandler cut their target price on Zscaler from $255.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Scotiabank lowered their price target on Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a research report on Wednesday, September 4th. BNP Paribas initiated coverage on Zscaler in a report on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on Zscaler from $182.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.18.

Zscaler Stock Up 0.7 %

Shares of NASDAQ:ZS opened at $204.36 on Wednesday. The company’s 50-day moving average price is $184.08 and its 200 day moving average price is $183.03. The company has a market cap of $31.16 billion, a PE ratio of -510.89 and a beta of 0.82. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. The business had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.17) earnings per share. As a group, equities analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current year.

Zscaler Company 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.