Ensign Peak Advisors Inc Raises Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Ensign Peak Advisors Inc grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 14.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 295,525 shares of the company’s stock after purchasing an additional 37,137 shares during the quarter. Ensign Peak Advisors Inc owned 0.20% of Zscaler worth $56,797,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in Zscaler during the 4th quarter worth about $29,000. Quest Partners LLC purchased a new stake in shares of Zscaler during the second quarter worth approximately $28,000. Quadrant Capital Group LLC raised its holdings in Zscaler by 66.7% in the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after acquiring an additional 70 shares in the last quarter. Asset Dedication LLC lifted its stake in Zscaler by 436.8% in the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Finally, American Capital Advisory LLC acquired a new position in Zscaler during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In related news, CFO Remo Canessa sold 8,455 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 owns 231,793 shares in the company, valued at approximately $39,701,505.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Remo Canessa sold 8,455 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 transaction of $1,448,172.40. Following the completion of the transaction, the chief financial officer now owns 231,793 shares of the company’s stock, valued at approximately $39,701,505.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 361,432 shares in the company, valued at $61,906,072.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,120 shares of company stock valued at $2,761,034. Corporate insiders own 19.20% of the company’s stock.

Zscaler Trading Up 0.1 %

Shares of ZS 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 cap of $26.10 billion, a price-to-earnings ratio of -338.65 and a beta of 0.82. The stock has a 50 day simple moving average of $181.28 and a 200-day simple moving average of $182.97.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 3rd. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The company had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. During the same quarter last year, the company earned ($0.17) earnings per share. Zscaler’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, equities analysts forecast that Zscaler, Inc. will post -0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ZS. UBS Group decreased their price objective on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Loop Capital lowered their price objective on Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Cantor Fitzgerald cut their target price on Zscaler from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Piper Sandler decreased their target price on Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Finally, Oppenheimer dropped their price target on shares of Zscaler from $260.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average target price of $218.39.

About Zscaler

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.