Blue Trust Inc. Sells 398 Shares of Zscaler, Inc. (NASDAQ:ZS)

Blue Trust Inc. decreased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 25.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,159 shares of the company’s stock after selling 398 shares during the period. Blue Trust Inc.’s holdings in Zscaler were worth $209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ZS. Champlain Investment Partners LLC grew its position in Zscaler by 28.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock worth $220,401,000 after acquiring an additional 283,540 shares during the last quarter. International Assets Investment Management LLC grew its position in Zscaler by 13,498.6% during the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock worth $48,769,000 after acquiring an additional 283,201 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Zscaler by 33.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after acquiring an additional 100,814 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Zscaler by 59.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock worth $34,421,000 after acquiring an additional 71,297 shares during the last quarter. Finally, Thematics Asset Management grew its position in Zscaler by 88.5% during the 3rd quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock worth $25,128,000 after acquiring an additional 69,000 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 1.0 %

ZS stock opened at $214.67 on Thursday. The firm has a market cap of $32.94 billion, a PE ratio of -858.68 and a beta of 0.89. The business has a 50 day moving average of $195.36 and a 200-day moving average of $190.19. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $251.94.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same period in the prior year, the company earned ($0.18) earnings per share. Zscaler’s revenue was up 26.4% compared to the same quarter last year. On average, research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now owns 358,569 shares in the company, valued at $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Remo Canessa sold 3,703 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the sale, the chief financial officer now owns 220,635 shares in the company, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,248 shares of company stock valued at $2,052,879. Company insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Loop Capital cut their target price on Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a report on Tuesday, December 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $240.00 target price (down from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Scotiabank lifted their target price on Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Mizuho lifted their target price on Zscaler from $210.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.63.

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.