Skandinaviska Enskilda Banken AB publ Has $11.16 Million Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,081 shares of the company’s stock after buying an additional 4,171 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Zscaler were worth $11,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZS. Jones Financial Companies Lllp acquired a new position in Zscaler in the 4th quarter valued at about $29,000. Quest Partners LLC acquired a new position in shares of Zscaler in the second quarter valued at approximately $28,000. Quadrant Capital Group LLC lifted its holdings in Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Asset Dedication LLC lifted its holdings in Zscaler by 436.8% during the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after purchasing an additional 166 shares during the last quarter. Finally, American Capital Advisory LLC acquired a new position in Zscaler in the 2nd quarter valued at $50,000. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the sale, the chief executive officer now owns 361,432 shares of the company’s stock, valued at $61,906,072.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 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 transaction of $488,490.56. Following the transaction, the chief executive officer now directly owns 361,432 shares in the company, valued at approximately $61,906,072.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Remo Canessa sold 8,455 shares of Zscaler stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the completion of the sale, the chief financial officer now owns 231,793 shares of the company’s stock, valued at approximately $39,701,505.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,120 shares of company stock worth $2,761,034. Company insiders own 19.20% of the company’s stock.

Zscaler Stock Up 0.1 %

Shares of Zscaler stock opened at $172.71 on Friday. The stock has a market cap of $26.10 billion, a price-to-earnings ratio of -338.65 and a beta of 0.82. Zscaler, Inc. has a twelve month low of $146.59 and a twelve month high of $259.61. The company’s fifty day moving average is $181.28 and its 200 day moving average is $182.97.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The firm had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 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 30.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, equities analysts anticipate that Zscaler, Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZS. Piper Sandler reduced their target price on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley raised their target price on shares of Zscaler from $202.00 to $215.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Needham & Company LLC cut their price target on Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a research note on Wednesday, September 4th. Wedbush lowered their price objective on Zscaler from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Finally, Robert W. Baird cut their target price on Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $218.39.

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.