Zscaler, Inc. (NASDAQ:ZS) Shares Purchased by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. grew its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 35.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,740 shares of the company’s stock after purchasing an additional 3,310 shares during the period. Weatherly Asset Management L. P.’s holdings in Zscaler were worth $2,298,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Zscaler by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock worth $277,327,000 after acquiring an additional 60,414 shares during the last quarter. Champlain Investment Partners LLC grew its stake in shares of 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 buying an additional 283,540 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of 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 buying an additional 100,814 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Zscaler by 11.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after buying an additional 37,801 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Zscaler by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,070 shares of the company’s stock valued at $60,696,000 after acquiring an additional 16,634 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Trading Up 3.4 %

NASDAQ:ZS opened at $212.53 on Tuesday. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $256.42. The firm’s fifty day simple moving average is $194.28 and its 200 day simple moving average is $188.51.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping 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 company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. During the same period in the previous year, the business posted ($0.18) EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. As a group, equities research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Zscaler

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

Analysts Set New Price Targets

ZS has been the topic of a number of research reports. Barclays raised their price objective on Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Scotiabank raised their price target on shares of Zscaler from $205.00 to $225.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. KeyCorp increased their price objective on shares of Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Guggenheim restated a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Finally, BTIG Research increased their price target on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Eleven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company presently 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.