Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd raised its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 314.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,874 shares of the company's stock after buying an additional 9,769 shares during the period. XTX Topco Ltd's holdings in Zscaler were worth $2,201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Champlain Investment Partners LLC grew its position 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 valued at $220,401,000 after purchasing an additional 283,540 shares during the period. International Assets Investment Management LLC increased its position in shares of Zscaler by 13,498.6% during the third quarter. International Assets Investment Management LLC now owns 285,299 shares of the company's stock worth $48,769,000 after acquiring an additional 283,201 shares in the last quarter. GuoLine Advisory Pte Ltd bought a new stake in shares of Zscaler during the third quarter worth $32,660,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Zscaler during the second quarter worth $25,287,000. Finally, Westfield Capital Management Co. LP lifted its position in Zscaler by 33.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company's stock valued at $68,293,000 after acquiring an additional 100,814 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction that occurred on Wednesday, October 9th. The shares were 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 approximately $19,224,950.20. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $61,906,072.96. This represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock valued at $5,256,651 over the last quarter. Company insiders own 18.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ZS shares. Jefferies Financial Group boosted their target price on shares of Zscaler from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Piper Sandler boosted their price target on Zscaler from $215.00 to $235.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Loop Capital cut their price objective on Zscaler from $200.00 to $195.00 and set a "hold" rating for the company in a research report on Tuesday, December 3rd. Susquehanna boosted their target price on Zscaler from $210.00 to $225.00 and gave the stock a "positive" rating in a report on Tuesday, December 3rd. Finally, Barclays raised their price target on Zscaler from $200.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Zscaler has an average rating of "Moderate Buy" and a consensus target price of $224.84.

Zscaler Price Performance

Shares of NASDAQ ZS traded up $6.38 during midday trading on Friday, reaching $211.99. 2,457,077 shares of the stock traded hands, compared to its average volume of 2,136,938. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61. The stock has a market capitalization of $32.52 billion, a PE ratio of -847.96 and a beta of 0.82. The company's 50 day moving average is $193.47 and its 200 day moving average is $185.71.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.80% and a negative net margin of 1.58%. The firm had revenue of $628.00 million during the quarter, compared to analysts' expectations of $605.51 million. During the same quarter last year, the firm earned ($0.18) earnings per share. The business's revenue for the quarter was up 26.4% on a year-over-year basis. As a group, equities analysts forecast that Zscaler, Inc. will post -0.31 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.