National Pension Service Lowers Holdings in Zscaler, Inc. (NASDAQ:ZS)

National Pension Service lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,505 shares of the company’s stock after selling 9,318 shares during the period. National Pension Service’s holdings in Zscaler were worth $27,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Champlain Investment Partners LLC lifted its position in Zscaler by 28.2% during the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after acquiring an additional 283,540 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in 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 acquiring an additional 100,814 shares during the period. Assenagon Asset Management S.A. lifted its stake in Zscaler by 59.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock valued at $34,421,000 after acquiring an additional 71,297 shares during the period. Thematics Asset Management boosted its holdings in shares of Zscaler by 88.5% in the 3rd quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock valued at $25,128,000 after acquiring an additional 69,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Zscaler by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock valued at $277,327,000 after acquiring an additional 60,414 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Price Performance

Shares of Zscaler stock opened at $196.23 on Friday. The stock’s 50 day simple moving average is $195.64 and its 200-day simple moving average is $191.49. The stock has a market cap of $30.11 billion, a P/E ratio of -784.92 and a beta of 0.89. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $243.94.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 for 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. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. As a group, research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Activity at Zscaler

In related news, insider Syam Nair sold 3,682 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 $737,578.24. Following the sale, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the completion of the transaction, the chief executive officer now directly owns 358,569 shares in the company, valued at $71,828,542.08. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ZS. Jefferies Financial Group upped their price target on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company upped their target price on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. Citigroup lifted their price target on Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Stifel Nicolaus upped their price objective on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, KeyCorp lifted their target price on shares of Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $226.56.

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.