Swiss National Bank Grows Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Swiss National Bank grew its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 269,200 shares of the company's stock after acquiring an additional 2,900 shares during the quarter. Swiss National Bank owned about 0.18% of Zscaler worth $46,017,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of Zscaler in the 2nd quarter worth $28,000. Asset Dedication LLC grew its stake in shares of Zscaler by 436.8% during the second quarter. Asset Dedication LLC now owns 204 shares of the company's stock worth $39,000 after acquiring an additional 166 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of Zscaler during the second quarter valued at about $50,000. GAMMA Investing LLC raised its position in shares of Zscaler by 21.3% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company's stock valued at $73,000 after purchasing an additional 67 shares during the last quarter. Finally, Quarry LP boosted its stake in Zscaler by 613.0% in the 2nd quarter. Quarry LP now owns 385 shares of the company's stock worth $74,000 after purchasing an additional 331 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 4,947 shares of the firm'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 value of $842,078.34. Following the completion of the transaction, the insider now owns 107,241 shares of the company's stock, valued at approximately $18,254,563.02. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew William Fraser Brown sold 8,000 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the sale, the director now directly owns 25,907 shares in the company, valued at approximately $4,510,408.70. The trade was a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock worth $5,256,651 in the last 90 days. Insiders own 19.20% of the company's stock.

Zscaler Stock Up 3.2 %

ZS traded up $6.36 during trading on Thursday, reaching $207.30. The company's stock had a trading volume of 1,831,779 shares, compared to its average volume of 2,019,342. The firm has a fifty day simple moving average of $185.67 and a two-hundred day simple moving average of $183.33. The company has a market cap of $31.61 billion, a price-to-earnings ratio of -518.24 and a beta of 0.82. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The company had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The firm's revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, equities analysts forecast that Zscaler, Inc. will post -0.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ZS shares. Barclays raised their price target on shares of Zscaler from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday. Piper Sandler lowered 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. BMO Capital Markets cut their price objective on Zscaler from $208.00 to $197.00 and set an "outperform" rating on the stock in a report on Wednesday, September 4th. BNP Paribas began coverage on Zscaler in a report on Tuesday, October 8th. They set a "neutral" rating and a $180.00 target price for the company. Finally, Citigroup cut their price target on shares of Zscaler from $240.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and an average price target of $217.79.

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.