Zscaler, Inc. (NASDAQ:ZS) Stock Position Lifted by Creative Planning

Creative Planning lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,534 shares of the company’s stock after purchasing an additional 10,551 shares during the quarter. Creative Planning owned about 0.10% of Zscaler worth $25,390,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in Zscaler by 6.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 103,937 shares of the company’s stock valued at $20,021,000 after purchasing an additional 6,683 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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 worth $22,478,000 after acquiring an additional 9,689 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in Zscaler by 40.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,438 shares of the company’s stock worth $470,000 after acquiring an additional 696 shares in the last quarter. Norden Group LLC bought a new position in shares of Zscaler during the 1st quarter valued at about $846,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Zscaler in the 1st quarter worth approximately $809,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In other news, insider Robert Schlossman sold 4,947 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34. Following the transaction, the insider now owns 107,241 shares in the company, valued at approximately $18,254,563.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Robert Schlossman sold 4,947 shares of Zscaler stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $170.22, for a total transaction of $842,078.34. Following the sale, the insider now owns 107,241 shares of the company’s stock, valued at approximately $18,254,563.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew William Fraser Brown sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total value of $1,392,800.00. Following the sale, the director now owns 25,907 shares in the company, valued at approximately $4,510,408.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a $220.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Rosenblatt Securities reissued a “neutral” rating and set a $190.00 price objective on shares of Zscaler in a research note on Wednesday, September 4th. Barclays cut their target price on Zscaler from $230.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a research note on Wednesday, September 4th. Finally, Loop Capital reduced their price objective on shares of Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $216.73.

Zscaler Trading Up 0.7 %

NASDAQ ZS opened at $190.01 on Monday. The company has a market cap of $28.72 billion, a P/E ratio of -372.57 and a beta of 0.82. Zscaler, Inc. has a 1 year low of $152.60 and a 1 year high of $259.61. The company has a fifty day simple moving average of $180.78 and a 200 day simple moving average of $180.70.

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. The business had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) EPS. Equities research analysts forecast that Zscaler, Inc. will post -0.95 EPS for the current fiscal year.

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.