Robeco Institutional Asset Management B.V. Trims Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Robeco Institutional Asset Management B.V. lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 68.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,230 shares of the company's stock after selling 60,675 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Zscaler were worth $4,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in Zscaler during the second quarter worth about $28,000. Asset Dedication LLC lifted its position in shares of Zscaler by 436.8% in the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company's stock worth $39,000 after purchasing an additional 166 shares during the period. American Capital Advisory LLC purchased a new stake in Zscaler during the 2nd quarter valued at $50,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 67 shares in the last quarter. Finally, Quarry LP increased its stake in Zscaler by 613.0% during the second quarter. Quarry LP now owns 385 shares of the company's stock worth $74,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the business's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now directly owns 105,806 shares in the company, valued at $19,224,950.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the firm's stock in a transaction that occurred 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 $19,224,950.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the transaction, the chief executive officer now directly owns 361,432 shares in the company, valued at approximately $61,906,072.96. This trade represents a 0.00 % decrease in their ownership of the stock. 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 in the last ninety days. 19.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZS. Piper Sandler dropped their price target on Zscaler from $255.00 to $215.00 and set an "overweight" rating for the company in a research report on Wednesday, September 4th. Stifel Nicolaus restated a "buy" rating and set a $220.00 price target on shares of Zscaler in a report on Wednesday, September 4th. Bank of America downgraded shares of Zscaler from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $265.00 to $195.00 in a report on Wednesday, September 4th. Oppenheimer lowered their price objective on Zscaler from $260.00 to $230.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 4th. Finally, Wedbush lowered their price target on shares of Zscaler from $260.00 to $220.00 and set an "outperform" rating on the stock in a report on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $216.73.

Zscaler Stock Performance

Shares of Zscaler stock traded down $0.98 on Friday, hitting $195.73. 1,062,257 shares of the company's stock were exchanged, compared to its average volume of 2,036,362. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The company has a 50-day simple moving average of $179.05 and a 200-day simple moving average of $181.52. The stock has a market capitalization of $29.85 billion, a PE ratio of -489.33 and a beta of 0.82.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. The business had revenue of $592.90 million for the quarter, compared to analysts' expectations 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 for the quarter was up 30.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) EPS. On average, analysts expect that Zscaler, Inc. will post -0.95 EPS for the current fiscal 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.