Zscaler, Inc. (NASDAQ:ZS) Stake Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 13.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,497 shares of the company's stock after selling 18,809 shares during the period. Assenagon Asset Management S.A. owned 0.08% of Zscaler worth $20,427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Zscaler by 8.6% during the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company's stock valued at $149,000 after buying an additional 66 shares during the last quarter. Kovack Advisors Inc. raised its stake in Zscaler by 3.4% in the 1st quarter. Kovack Advisors Inc. now owns 2,042 shares of the company's stock valued at $393,000 after purchasing an additional 67 shares during the last quarter. GAMMA Investing LLC lifted its stake in Zscaler by 21.3% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company's stock worth $73,000 after purchasing an additional 67 shares in the last quarter. American Trust increased its stake in shares of Zscaler by 6.1% in the 2nd quarter. American Trust now owns 1,210 shares of the company's stock worth $233,000 after acquiring an additional 70 shares during the last quarter. Finally, Swedbank AB increased its stake in Zscaler by 0.8% during the second quarter. Swedbank AB now owns 9,036 shares of the company's stock worth $1,737,000 after acquiring an additional 76 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the stock in a transaction dated Tuesday, September 17th. The shares were 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 $61,906,072.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Robert Schlossman sold 4,947 shares of the business's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34. Following the completion of the sale, the insider now owns 107,241 shares in the company, valued at approximately $18,254,563.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,852 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 $488,490.56. Following the completion of the transaction, the chief executive officer now owns 361,432 shares in the company, valued at $61,906,072.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,502 shares of company stock valued at $5,256,651. Corporate insiders own 19.20% of the company's stock.

Zscaler Trading Up 0.6 %

Zscaler stock traded up $1.03 during mid-day trading on Friday, hitting $184.96. The company had a trading volume of 927,178 shares, compared to its average volume of 2,074,672. The stock's 50 day moving average price is $180.90 and its two-hundred day moving average price is $180.70. Zscaler, Inc. has a 12 month low of $152.60 and a 12 month high of $259.61. The company has a market capitalization of $27.96 billion, a PE ratio of -362.67 and a beta of 0.82.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company had revenue of $592.90 million for the quarter, compared to analysts' expectations of $567.46 million. During the same quarter last year, the business earned ($0.17) EPS. The firm's revenue was up 30.3% compared to the same quarter last year. Equities research analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ZS. Robert W. Baird cut their target price on Zscaler from $260.00 to $225.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 4th. Stifel Nicolaus reissued a "buy" rating and issued a $220.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Barclays decreased their target price on shares of Zscaler from $230.00 to $200.00 and set an "overweight" rating for the company in a research note on Wednesday, September 4th. Needham & Company LLC reduced their target price on shares of Zscaler from $290.00 to $235.00 and set a "strong-buy" rating for the company in a research note on Wednesday, September 4th. Finally, JMP Securities restated a "market outperform" rating and set a $270.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zscaler presently has an average rating of "Moderate Buy" and a consensus target price of $216.73.

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.