Mn Services Vermogensbeheer B.V. Raises Stake in Zscaler, Inc. (NASDAQ:ZS)

Mn Services Vermogensbeheer B.V. increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,000 shares of the company’s stock after buying an additional 700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Zscaler were worth $6,314,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its holdings in Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Zscaler in the 4th quarter valued at about $29,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Zscaler in the 3rd quarter valued at about $31,000. Versant Capital Management Inc raised its holdings in shares of Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after acquiring an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock valued at $2,052,879 over the last 90 days. Company insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ZS. BTIG Research raised their price target on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a report on Tuesday, December 3rd. Wells Fargo & Company raised their price target on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Mizuho raised their price target on Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $226.56.

Zscaler Price Performance

ZS stock opened at $196.23 on Friday. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $243.94. The stock has a market capitalization of $30.11 billion, a P/E ratio of -784.92 and a beta of 0.89. The business has a fifty day moving average price of $195.64 and a 200-day moving average price of $191.49.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Zscaler’s revenue was up 26.4% compared to the same quarter last year. As a group, analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Zscaler Company 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.