Woodstock Corp Grows Position in Zscaler, Inc. (NASDAQ:ZS)

Woodstock Corp raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,035 shares of the company's stock after purchasing an additional 5,976 shares during the period. Woodstock Corp's holdings in Zscaler were worth $6,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ZS. Geode Capital Management LLC increased its position in Zscaler by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company's stock worth $277,327,000 after purchasing an additional 60,414 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in shares of Zscaler by 28.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company's stock worth $220,401,000 after buying an additional 283,540 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of Zscaler by 33.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company's stock valued at $68,293,000 after buying an additional 100,814 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Zscaler by 11.0% in the 3rd 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Zscaler by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,070 shares of the company's stock worth $60,696,000 after acquiring an additional 16,634 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares of the company's stock, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Syam Nair sold 3,682 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now directly owns 142,866 shares of the company's stock, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by company insiders.

Zscaler Price Performance

Zscaler stock traded up $0.03 during trading hours on Friday, hitting $187.58. 1,303,200 shares of the stock traded hands, compared to its average volume of 1,444,462. The firm's 50 day moving average price is $196.44 and its 200-day moving average price is $188.12. The stock has a market capitalization of $28.78 billion, a price-to-earnings ratio of -750.32 and a beta of 0.87. 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 announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. The business had revenue of $628.00 million during the quarter, compared to analysts' expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.18) EPS. Research analysts forecast that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZS has been the subject of a number of analyst reports. Susquehanna raised their price target on Zscaler from $210.00 to $225.00 and gave the stock a "positive" rating in a research report on Tuesday, December 3rd. KeyCorp lifted their price target on shares of Zscaler from $245.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Canaccord Genuity Group increased their price objective on shares of Zscaler from $220.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Morgan Stanley dropped their target price on Zscaler from $215.00 to $205.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 3rd. Finally, Loop Capital reduced their price target on Zscaler from $200.00 to $195.00 and set a "hold" rating on the stock in a report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Zscaler presently has an average rating of "Moderate Buy" and a consensus price target of $224.84.

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.