Public Employees Retirement Association of Colorado Sells 499 Shares of Zscaler, Inc. (NASDAQ:ZS)

Public Employees Retirement Association of Colorado decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 0.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 92,424 shares of the company’s stock after selling 499 shares during the period. Public Employees Retirement Association of Colorado owned about 0.06% of Zscaler worth $17,763,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ZS. 1832 Asset Management L.P. acquired a new stake in shares of Zscaler in the fourth quarter valued at approximately $217,683,000. Norges Bank bought a new stake in Zscaler during the 4th quarter worth about $117,599,000. Quadrature Capital Ltd acquired a new position in shares of Zscaler during the 1st quarter worth about $47,217,000. Vanguard Group Inc. grew its holdings in shares of Zscaler by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company’s stock valued at $1,959,426,000 after acquiring an additional 206,908 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Zscaler in the first quarter valued at about $27,954,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZS. Needham & Company LLC decreased their price target on Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a research note on Wednesday, September 4th. BMO Capital Markets dropped their price target on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. JMP Securities reiterated a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a research note on Wednesday, September 4th. Barclays lowered their price objective on shares of Zscaler from $230.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 4th. Finally, Susquehanna reiterated a “positive” rating and issued a $210.00 target price on shares of Zscaler in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $218.39.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 361,432 shares in the company, valued at approximately $61,906,072.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the completion of the transaction, the chief executive officer now directly owns 361,432 shares in the company, valued at $61,906,072.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Remo Canessa sold 8,455 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 $1,448,172.40. Following the sale, the chief financial officer now directly owns 231,793 shares in the company, valued at approximately $39,701,505.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,120 shares of company stock valued at $2,761,034. Corporate insiders own 19.20% of the company’s stock.

Zscaler Stock Up 0.1 %

Shares of Zscaler stock opened at $172.71 on Friday. Zscaler, Inc. has a 12-month low of $146.59 and a 12-month high of $259.61. The company has a market capitalization of $26.34 billion, a price-to-earnings ratio of -338.65 and a beta of 0.82. The firm’s 50-day moving average price is $181.87 and its two-hundred day moving average price is $183.42.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The business had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. During the same period last year, the firm posted ($0.17) earnings per share. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, sell-side analysts expect that Zscaler, Inc. will post -0.92 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.