Zscaler, Inc. (NASDAQ:ZS) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,388 shares of the company’s stock after acquiring an additional 464 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Zscaler were worth $1,228,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Zscaler during the first quarter worth $47,217,000. Vanguard Group Inc. raised its position in shares of Zscaler by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company’s stock worth $1,959,426,000 after purchasing an additional 206,908 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Zscaler during the first quarter worth $27,954,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Zscaler during the second quarter worth $25,287,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Zscaler by 19.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 619,293 shares of the company’s stock worth $119,294,000 after purchasing an additional 102,616 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, insider Michael J. Rich sold 4,813 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 $824,370.64. Following the completion of the transaction, the insider now owns 103,259 shares of the company’s stock, valued at $17,686,201.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Robert Schlossman sold 1,435 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the completion of the transaction, the insider now directly owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael J. Rich sold 4,813 shares of the 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 $824,370.64. Following the completion of the transaction, the insider now directly owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,502 shares of company stock valued at $5,256,651. Insiders own 19.20% of the company’s stock.

Zscaler Stock Performance

NASDAQ ZS opened at $198.26 on Friday. Zscaler, Inc. has a twelve month low of $152.60 and a twelve month high of $259.61. The stock has a market capitalization of $30.23 billion, a PE ratio of -495.64 and a beta of 0.82. The stock has a 50-day simple moving average of $178.40 and a 200 day simple moving average of $180.79.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup cut their target price on Zscaler from $240.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Loop Capital cut their target price on Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. lowered their price target on Zscaler from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley lifted their price target on Zscaler from $202.00 to $215.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Finally, Barclays lowered their price target on Zscaler from $230.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.97.

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.