Zscaler, Inc. (NASDAQ:ZS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,625,861 shares of the company's stock after purchasing an additional 60,414 shares during the quarter. Geode Capital Management LLC owned about 1.07% of Zscaler worth $277,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZS. Champlain Investment Partners LLC boosted its holdings in Zscaler by 28.2% in the third 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 during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Zscaler by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 496,047 shares of the company's stock valued at $95,335,000 after buying an additional 25,181 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company's stock worth $68,293,000 after buying an additional 100,814 shares during the last quarter. Federated Hermes Inc. grew its holdings in Zscaler by 18.3% during the second quarter. Federated Hermes Inc. now owns 394,698 shares of the company's stock worth $75,857,000 after acquiring an additional 61,037 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in Zscaler by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company's stock valued at $65,036,000 after acquiring an additional 37,801 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Trading Down 3.8 %

ZS traded down $7.82 during mid-day trading on Friday, hitting $198.54. 1,887,950 shares of the stock were exchanged, compared to its average volume of 2,130,000. The firm's fifty day moving average is $196.86 and its two-hundred day moving average is $187.04. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61. The company has a market cap of $30.46 billion, a PE ratio of -794.16 and a beta of 0.82.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm's quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.18) EPS. As a group, research analysts anticipate that Zscaler, Inc. will post -0.24 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Remo Canessa sold 8,455 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the completion of the sale, the chief financial officer now owns 231,793 shares in the company, valued at $39,701,505.04. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares in the company, valued at $19,224,950.20. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,502 shares of company stock worth $5,256,651. Company insiders own 18.10% of the company's stock.

Analyst Upgrades and Downgrades

ZS has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Zscaler from $260.00 to $225.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 4th. Barclays raised their target price on Zscaler from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Stifel Nicolaus upped their price target on Zscaler from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Canaccord Genuity Group increased their price target on Zscaler from $220.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Zscaler from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $224.84.

Zscaler 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.