Dimensional Fund Advisors LP Boosts Stake in Zscaler, Inc. (NASDAQ:ZS)

Dimensional Fund Advisors LP raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 13.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,828 shares of the company’s stock after buying an additional 18,758 shares during the period. Dimensional Fund Advisors LP owned about 0.11% of Zscaler worth $30,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Kovack Advisors Inc. increased its position in shares of Zscaler by 3.4% during the first quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock worth $393,000 after acquiring an additional 67 shares during the period. GAMMA Investing LLC increased its stake in shares of Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $73,000 after buying an additional 67 shares during the period. Swedbank AB raised its holdings in shares of Zscaler by 0.8% in the second quarter. Swedbank AB now owns 9,036 shares of the company’s stock valued at $1,737,000 after acquiring an additional 76 shares in the last quarter. Rockline Wealth Management LLC lifted its stake in Zscaler by 5.1% in the second quarter. Rockline Wealth Management LLC now owns 1,798 shares of the company’s stock worth $345,000 after acquiring an additional 88 shares during the period. Finally, Moody National Bank Trust Division grew its holdings in Zscaler by 3.3% during the 2nd quarter. Moody National Bank Trust Division now owns 2,849 shares of the company’s stock worth $548,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Zscaler from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. UBS Group lowered their price target on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Oppenheimer reduced their price objective on shares of Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Raymond James began coverage on shares of Zscaler in a research note on Tuesday, July 23rd. They issued a “market perform” rating for the company. Finally, Susquehanna restated a “positive” rating and set 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 given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.39.

Insider Buying and Selling

In related news, insider Michael J. Rich sold 4,813 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $824,370.64. Following the sale, the insider now owns 103,259 shares in the company, valued at approximately $17,686,201.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Michael J. Rich sold 4,813 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 value of $824,370.64. Following the sale, the insider now directly owns 103,259 shares in the company, valued at $17,686,201.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Remo Canessa sold 8,455 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 231,793 shares of the company’s stock, valued at $39,701,505.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,067 shares of company stock valued at $4,995,912. Company insiders own 19.20% of the company’s stock.

Zscaler Stock Down 2.3 %

Zscaler stock opened at $166.99 on Wednesday. The firm has a market capitalization of $25.24 billion, a price-to-earnings ratio of -327.43 and a beta of 0.82. Zscaler, Inc. has a 52-week low of $149.63 and a 52-week high of $259.61. The company has a fifty day simple moving average of $178.09 and a 200-day simple moving average of $181.46.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. 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 during the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter in the prior year, the company posted ($0.17) EPS. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, research analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current fiscal 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.