California Public Employees Retirement System Boosts Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

California Public Employees Retirement System boosted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 24.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,009 shares of the company’s stock after acquiring an additional 31,575 shares during the period. California Public Employees Retirement System owned 0.11% of Zscaler worth $35,673,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BluePath Capital Management LLC purchased a new position in Zscaler during the third quarter valued at $32,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Zscaler by 109.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after buying an additional 109 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Zscaler by 41.1% in the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after buying an additional 69 shares in the last quarter. Allworth Financial LP grew its stake in shares of Zscaler by 175.4% in the 4th quarter. Allworth Financial LP now owns 380 shares of the company’s stock worth $84,000 after buying an additional 242 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its stake in shares of Zscaler by 231.7% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 544 shares of the company’s stock worth $85,000 after buying an additional 380 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the sale, the insider now owns 137,294 shares in the company, valued at approximately $26,518,336.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the transaction, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the transaction, the insider now directly owns 137,294 shares in the company, valued at $26,518,336.10. The disclosure for this sale can be found here. Insiders sold 26,715 shares of company stock worth $5,865,882 in the last 90 days. 19.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZS. Barclays dropped their price objective on shares of Zscaler from $259.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. JMP Securities reaffirmed a “market outperform” rating and set a $270.00 price target on shares of Zscaler in a research note on Friday, March 1st. Citigroup lifted their price objective on shares of Zscaler from $235.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Oppenheimer lifted their price objective on shares of Zscaler from $245.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Zscaler from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.24.

Zscaler Trading Up 1.3 %

Shares of ZS stock opened at $177.05 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market cap of $26.54 billion, a PE ratio of -186.37 and a beta of 0.80. The company has a 50-day moving average of $198.51 and a two-hundred day moving average of $203.25. Zscaler, Inc. has a 1-year low of $84.93 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.08. The business had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. On average, analysts predict that Zscaler, Inc. will post -0.8 EPS for the current year.

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.