GPS Wealth Strategies Group LLC Lowers Holdings in Zscaler, Inc. (NASDAQ:ZS)

GPS Wealth Strategies Group LLC lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,490 shares of the company’s stock after selling 68 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Zscaler were worth $449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ZS. Champlain Investment Partners LLC boosted 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 valued at $220,401,000 after acquiring an additional 283,540 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of 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 purchasing an additional 283,201 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in Zscaler by 33.8% during the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after purchasing an additional 100,814 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Zscaler by 59.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock valued at $34,421,000 after purchasing an additional 71,297 shares during the last quarter. Finally, Thematics Asset Management raised its holdings in Zscaler by 88.5% in the third quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock worth $25,128,000 after purchasing an additional 69,000 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Down 0.1 %

NASDAQ:ZS opened at $202.59 on Monday. The company has a 50 day moving average price of $194.58 and a 200-day moving average price of $187.74. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. During the same quarter in the previous year, the company earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. Analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ZS. Loop Capital lowered their price target on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a report on Tuesday, December 3rd. Oppenheimer raised their target price on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Cantor Fitzgerald raised Zscaler to a “hold” rating in a research report on Monday, November 18th. Scotiabank raised their price objective on Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, Susquehanna boosted their target price on Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.47.

Insiders Place Their Bets

In other Zscaler news, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, 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 90 days, insiders have sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is owned by corporate insiders.

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.