Assenagon Asset Management S.A. Has $34.42 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Assenagon Asset Management S.A. grew its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 59.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 190,794 shares of the company’s stock after purchasing an additional 71,297 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Zscaler were worth $34,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fred Alger Management LLC lifted its stake in Zscaler by 1,151.0% in the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock valued at $1,773,000 after purchasing an additional 9,542 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Zscaler by 7.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock worth $37,495,000 after buying an additional 14,701 shares during the last quarter. Creative Planning raised its stake in Zscaler by 7.6% in the third quarter. Creative Planning now owns 148,534 shares of the company’s stock valued at $25,390,000 after buying an additional 10,551 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Zscaler by 11.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after buying an additional 37,801 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Zscaler during the 2nd quarter worth approximately $25,287,000. Institutional investors own 46.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ZS. BTIG Research increased their price target on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. BMO Capital Markets increased their price objective on shares of Zscaler from $197.00 to $222.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. BNP Paribas initiated coverage on shares of Zscaler in a report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 target price for the company. JMP Securities reiterated a “market outperform” rating and issued a $240.00 price target (down previously from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Finally, Piper Sandler raised their price objective on shares of Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.84.

Zscaler Stock Performance

Zscaler stock opened at $187.55 on Friday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The stock has a market capitalization of $28.78 billion, a P/E ratio of -750.20 and a beta of 0.87. The stock has a fifty day moving average of $196.79 and a 200-day moving average of $188.20.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) earnings per share. On average, research analysts forecast that Zscaler, Inc. will post -0.16 earnings per share for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock worth $2,052,879 over the last quarter. Corporate insiders own 18.10% of the company’s stock.

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.