DekaBank Deutsche Girozentrale Has $37.50 Million Stock Position in Zscaler, Inc. (NASDAQ:ZS)

DekaBank Deutsche Girozentrale raised its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,212 shares of the company's stock after acquiring an additional 14,701 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.15% of Zscaler worth $37,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in shares of Zscaler during the second quarter worth $28,000. Asset Dedication LLC raised its holdings in Zscaler by 436.8% during the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company's stock worth $39,000 after buying an additional 166 shares during the period. American Capital Advisory LLC purchased a new stake in Zscaler during the second quarter valued at about $50,000. GAMMA Investing LLC boosted its holdings in shares of Zscaler by 21.3% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company's stock worth $73,000 after buying an additional 67 shares during the period. Finally, Quarry LP increased its position in shares of Zscaler by 613.0% in the second quarter. Quarry LP now owns 385 shares of the company's stock worth $74,000 after acquiring an additional 331 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 research analysts have recently weighed in on the company. Robert W. Baird lowered their price target on Zscaler from $260.00 to $225.00 and set an "outperform" rating on the stock in a report on Wednesday, September 4th. UBS Group lowered their target price on Zscaler from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. Loop Capital reduced their price target on shares of Zscaler from $180.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $190.00 price objective on shares of Zscaler in a research report on Wednesday, September 4th. Finally, Piper Sandler cut their target price on shares of Zscaler from $255.00 to $215.00 and set an "overweight" rating for the company in a research report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $216.73.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now owns 105,806 shares of the company's stock, valued at approximately $19,224,950.20. This trade represents 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 hyperlink. In related news, insider Robert Schlossman sold 1,435 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 105,806 shares of the company's stock, valued at approximately $19,224,950.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew William Fraser Brown sold 8,000 shares of Zscaler stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the completion of the sale, the director now owns 25,907 shares in the company, valued at $4,510,408.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,502 shares of company stock worth $5,256,651. Corporate insiders own 19.20% of the company's stock.

Zscaler Stock Up 1.5 %

ZS stock traded up $2.85 during trading on Tuesday, hitting $189.85. The company had a trading volume of 1,293,679 shares, compared to its average volume of 2,065,347. The firm has a 50-day moving average price of $180.58 and a 200-day moving average price of $180.75. The stock has a market cap of $28.70 billion, a price-to-earnings ratio of -372.25 and a beta of 0.82. Zscaler, Inc. has a 12 month low of $152.60 and a 12 month high of $259.61.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. During the same period in the prior year, the business posted ($0.17) earnings per share. Zscaler's revenue was up 30.3% compared to the same quarter last year. Equities analysts expect that Zscaler, Inc. will post -0.95 EPS for the current year.

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.