Mn Services Vermogensbeheer B.V. Sells 700 Shares of Zscaler, Inc. (NASDAQ:ZS)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 34,300 shares of the company’s stock after selling 700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Zscaler were worth $5,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. grew its holdings in shares of Zscaler by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 76,866 shares of the company’s stock valued at $13,139,000 after acquiring an additional 630 shares in the last quarter. Klingenstein Fields & Co. LP boosted its position in Zscaler by 5.2% in the third quarter. Klingenstein Fields & Co. LP now owns 94,026 shares of the company’s stock worth $16,073,000 after purchasing an additional 4,660 shares during the last quarter. TrueWealth Advisors LLC grew its stake in Zscaler by 31.3% in the 3rd quarter. TrueWealth Advisors LLC now owns 2,133 shares of the company’s stock valued at $365,000 after purchasing an additional 508 shares during the period. Van ECK Associates Corp increased its position in shares of Zscaler by 1,786.5% during the 3rd quarter. Van ECK Associates Corp now owns 15,073 shares of the company’s stock valued at $2,728,000 after purchasing an additional 14,274 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Zscaler by 42.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,883 shares of the company’s stock valued at $664,000 after purchasing an additional 1,165 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the transaction, the chief executive officer now owns 361,432 shares in the company, valued at approximately $61,906,072.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now owns 105,806 shares in the company, valued at $19,224,950.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $488,490.56. Following the transaction, the chief executive officer now owns 361,432 shares of the company’s stock, valued at $61,906,072.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is currently owned by company insiders.

Zscaler Price Performance

Shares of ZS stock opened at $193.03 on Thursday. The business has a 50-day moving average of $179.17 and a 200 day moving average of $181.16. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61. The stock has a market capitalization of $29.44 billion, a PE ratio of -482.56 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter last year, the business posted ($0.17) EPS. The business’s revenue was up 30.3% on a year-over-year basis. Analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current year.

Wall Street Analyst Weigh In

ZS has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Raymond James started coverage on shares of Zscaler in a research report on Tuesday, July 23rd. They set a “market perform” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a report on Wednesday, September 4th. BNP Paribas assumed coverage on Zscaler in a report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price objective for the company. Finally, Citigroup lowered their target price on Zscaler from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $216.73.

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.