Empower Advisory Group LLC Buys 1,749 Shares of Zscaler, Inc. (NASDAQ:ZS)

Empower Advisory Group LLC lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 110.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,339 shares of the company's stock after acquiring an additional 1,749 shares during the period. Empower Advisory Group LLC's holdings in Zscaler were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Champlain Investment Partners LLC boosted its stake in shares of Zscaler by 28.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company's stock valued at $220,401,000 after purchasing an additional 283,540 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Zscaler by 13,498.6% in the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company's stock valued at $48,769,000 after purchasing an additional 283,201 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company's stock valued at $68,293,000 after buying an additional 100,814 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Zscaler by 59.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company's stock worth $34,421,000 after buying an additional 71,297 shares during the last quarter. Finally, Thematics Asset Management increased its holdings in shares of Zscaler by 88.5% during the third quarter. Thematics Asset Management now owns 147,000 shares of the company's stock worth $25,128,000 after buying an additional 69,000 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ZS shares. Susquehanna increased their price objective on Zscaler from $210.00 to $225.00 and gave the company a "positive" rating in a report on Tuesday, December 3rd. Guggenheim restated a "neutral" rating on shares of Zscaler in a research report on Tuesday, December 3rd. Canaccord Genuity Group lifted their price objective on Zscaler from $220.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. KeyCorp increased their target price on shares of Zscaler from $245.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their price target on shares of Zscaler from $197.00 to $222.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $226.56.

Zscaler Price Performance

NASDAQ ZS traded down $8.41 during trading on Friday, hitting $198.56. 1,986,503 shares of the company's stock traded hands, compared to its average volume of 1,499,615. The stock has a fifty day moving average of $195.38 and a two-hundred day moving average of $190.54. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $251.55. The firm has a market cap of $30.47 billion, a P/E ratio of -794.24 and a beta of 0.89.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The business's revenue was up 26.4% on a year-over-year basis. As a group, analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares of the company's stock, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Remo Canessa sold 3,703 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 220,635 shares in the company, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is currently owned by company insiders.

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.