Cerity Partners LLC Has $1.81 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Cerity Partners LLC boosted its stake in Zscaler, Inc. (NASDAQ:ZS) by 73.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,562 shares of the company’s stock after acquiring an additional 4,476 shares during the quarter. Cerity Partners LLC’s holdings in Zscaler were worth $1,806,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its holdings in shares of Zscaler by 7.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock worth $37,495,000 after acquiring an additional 14,701 shares during the last quarter. Creative Planning boosted its holdings in shares of Zscaler by 7.6% during the 3rd quarter. Creative Planning now owns 148,534 shares of the company’s stock valued at $25,390,000 after acquiring an additional 10,551 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Zscaler during the 2nd quarter worth approximately $25,287,000. Strategic Advisors LLC increased its stake in shares of Zscaler by 470.0% in the third quarter. Strategic Advisors LLC now owns 8,140 shares of the company’s stock valued at $1,391,000 after buying an additional 6,712 shares during the period. Finally, Van ECK Associates Corp raised its stake in Zscaler by 1,786.5% during the third quarter. Van ECK Associates Corp now owns 15,073 shares of the company’s stock worth $2,728,000 after buying an additional 14,274 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Activity at Zscaler

In other 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 completion of the transaction, the chief executive officer now owns 361,432 shares in the company, valued at approximately $61,906,072.96. The trade was a 0.78 % decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction dated 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 directly owns 231,793 shares of the company’s stock, valued at approximately $39,701,505.04. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 over the last three months. Company insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of a number of recent research reports. Barclays boosted their price objective on Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. KeyCorp increased their price objective on Zscaler from $220.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. BTIG Research increased their price objective on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald raised Zscaler to a “hold” rating in a research note on Monday, November 18th. Finally, Susquehanna reissued a “positive” rating and set a $210.00 price objective on shares of Zscaler in a research report on Thursday, September 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $221.13.

Zscaler Stock Performance

Shares of NASDAQ:ZS opened at $208.51 on Tuesday. The firm has a 50 day simple moving average of $190.12 and a 200 day simple moving average of $184.80. The company has a market cap of $31.99 billion, a PE ratio of -516.46 and a beta of 0.82. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61.

Zscaler (NASDAQ:ZS) last issued its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.18) EPS. On average, equities analysts predict that Zscaler, Inc. will post -0.95 earnings per share 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.