Vanguard Personalized Indexing Management LLC Raises Holdings in Zscaler, Inc. (NASDAQ:ZS)

Vanguard Personalized Indexing Management LLC boosted its stake in Zscaler, Inc. (NASDAQ:ZS) by 7.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,412 shares of the company’s stock after buying an additional 472 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Zscaler were worth $1,230,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sierra Summit Advisors LLC purchased a new stake in shares of Zscaler during the fourth quarter worth about $5,609,000. State Board of Administration of Florida Retirement System raised its position in shares of Zscaler by 6.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 103,937 shares of the company’s stock worth $20,021,000 after buying an additional 6,683 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 valued at $22,478,000 after acquiring an additional 9,689 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Zscaler by 40.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,438 shares of the company’s stock valued at $470,000 after acquiring an additional 696 shares during the period. Finally, Norden Group LLC acquired a new stake in Zscaler during the first quarter worth about $846,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Activity at Zscaler

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on ZS shares. Robert W. Baird reduced their target price on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Loop Capital decreased their target price on Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Oppenheimer lowered their target price on Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Wedbush reduced their price target on Zscaler from $260.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Finally, Mizuho downgraded shares of Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price objective for the company. in a research report on Tuesday, July 16th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and an average price target of $218.39.

Zscaler Stock Performance

Shares of ZS opened at $172.71 on Monday. The business’s fifty day moving average price is $181.28 and its two-hundred day moving average price is $182.83. The firm has a market capitalization of $26.10 billion, a price-to-earnings ratio of -338.65 and a beta of 0.82. Zscaler, Inc. has a 52 week low of $146.59 and a 52 week high of $259.61.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.18. The company had revenue of $592.90 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) EPS. As a group, research analysts forecast that Zscaler, Inc. will post -0.92 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.