National Bank of Canada FI Grows Position in Zscaler, Inc. (NASDAQ:ZS)

National Bank of Canada FI increased its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 130.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,694 shares of the company's stock after purchasing an additional 39,440 shares during the period. National Bank of Canada FI's holdings in Zscaler were worth $11,913,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fred Alger Management LLC lifted its position in Zscaler by 1,151.0% during the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company's stock worth $1,773,000 after buying an additional 9,542 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Zscaler by 7.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company's stock worth $37,495,000 after purchasing an additional 14,701 shares during the last quarter. Creative Planning lifted its holdings in Zscaler by 7.6% during the 3rd quarter. Creative Planning now owns 148,534 shares of the company's stock worth $25,390,000 after buying an additional 10,551 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Zscaler during the second quarter worth $25,287,000. Finally, Strategic Advisors LLC lifted its stake in shares of Zscaler by 470.0% during the third quarter. Strategic Advisors LLC now owns 8,140 shares of the company's stock valued at $1,391,000 after acquiring an additional 6,712 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction dated Wednesday, October 9th. The shares were 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. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael J. Rich sold 4,813 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $824,370.64. Following the transaction, the insider now directly owns 103,259 shares of the company's stock, valued at $17,686,201.52. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock valued at $5,256,651 in the last three months. 18.10% of the stock is currently owned by insiders.

Zscaler Trading Up 3.2 %

NASDAQ ZS traded up $6.53 on Wednesday, hitting $207.92. 1,537,716 shares of the company were exchanged, compared to its average volume of 2,056,110. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The company has a market cap of $31.90 billion, a PE ratio of -805.56 and a beta of 0.82. The stock has a fifty day moving average of $194.86 and a 200-day moving average of $186.25.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The business had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. Zscaler's quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) EPS. On average, analysts expect that Zscaler, Inc. will post -0.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $230.00 price target on shares of Zscaler in a report on Tuesday, December 3rd. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $190.00 target price on shares of Zscaler in a research note on Wednesday, September 4th. Guggenheim reaffirmed a "neutral" rating on shares of Zscaler in a research report on Tuesday, December 3rd. Jefferies Financial Group lifted their price objective on shares of Zscaler from $225.00 to $245.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, BTIG Research lifted their price target on shares of Zscaler from $205.00 to $238.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Eleven equities 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $224.84.

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.