Klingenstein Fields & Co. LP Boosts Stake in Zscaler, Inc. (NASDAQ:ZS)

Klingenstein Fields & Co. LP increased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 94,026 shares of the company’s stock after buying an additional 4,660 shares during the quarter. Klingenstein Fields & Co. LP owned about 0.06% of Zscaler worth $16,073,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its holdings in shares of Zscaler by 6.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 103,937 shares of the company’s stock valued at $20,021,000 after buying an additional 6,683 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Zscaler by 9.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 116,691 shares of the company’s stock worth $22,478,000 after purchasing an additional 9,689 shares during the last quarter. Norden Group LLC bought a new stake in shares of Zscaler during the 1st quarter valued at about $846,000. DekaBank Deutsche Girozentrale increased its position in shares of Zscaler by 7.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock valued at $37,495,000 after purchasing an additional 14,701 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Zscaler in the 1st quarter worth approximately $809,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Analyst Ratings Changes

ZS has been the topic of several analyst reports. Scotiabank lowered their target price on Zscaler from $210.00 to $195.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, September 4th. BNP Paribas started coverage on shares of Zscaler in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price target for the company. Robert W. Baird decreased their price objective on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a report on Wednesday, September 4th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $216.73.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was 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 $61,906,072.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Zscaler news, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total value of $1,392,800.00. Following the transaction, the director now directly owns 25,907 shares of the company’s stock, valued at $4,510,408.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the transaction, the chief executive officer now owns 361,432 shares in the company, valued at approximately $61,906,072.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $5,256,651 over the last three months. 19.20% of the stock is currently owned by insiders.

Zscaler Trading Down 0.3 %

Shares of ZS opened at $182.00 on Monday. The firm has a market cap of $27.75 billion, a PE ratio of -456.46 and a beta of 0.82. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The stock has a fifty day moving average price of $179.63 and a 200-day moving average price of $180.90.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) earnings per share. As a group, research analysts forecast that Zscaler, Inc. will post -0.95 EPS for the current year.

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.