SYM FINANCIAL Corp Buys Shares of 1,678 Zscaler, Inc. (NASDAQ:ZS)

SYM FINANCIAL Corp purchased a new position in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,678 shares of the company’s stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in shares of Zscaler by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,388 shares of the company’s stock worth $1,228,000 after purchasing an additional 464 shares in the last quarter. Truist Financial Corp raised its position in Zscaler by 137.3% during the second quarter. Truist Financial Corp now owns 2,572 shares of the company’s stock valued at $494,000 after acquiring an additional 1,488 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Zscaler during the second quarter valued at approximately $1,328,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Zscaler in the second quarter worth approximately $2,644,000. Finally, SG Americas Securities LLC increased its stake in shares of Zscaler by 553.0% during the 3rd quarter. SG Americas Securities LLC now owns 13,198 shares of the company’s stock worth $2,256,000 after purchasing an additional 11,177 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Trading Down 0.1 %

Shares of ZS opened at $202.59 on Monday. The stock has a 50 day simple moving average of $194.58 and a 200-day simple moving average of $187.74. The stock has a market cap of $31.09 billion, a PE ratio of -810.36 and a beta of 0.87. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data 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. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. During the same period in the prior year, the firm earned ($0.18) earnings per share. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, sell-side analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now owns 142,866 shares in the company, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction dated 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 directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 in the last 90 days. Corporate insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

ZS has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Stifel Nicolaus upped their price target on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Susquehanna upped their target price on Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group lifted their price target on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $225.47.

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.