Swiss National Bank Has $61.17 Million Stake in Zscaler, Inc. (NASDAQ:ZS)

Swiss National Bank cut its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276,100 shares of the company’s stock after selling 5,500 shares during the period. Swiss National Bank owned 0.19% of Zscaler worth $61,173,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Zscaler by 1.5% in the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock valued at $1,343,810,000 after purchasing an additional 129,090 shares during the period. Northern Trust Corp raised its stake in Zscaler by 5.6% in the 3rd quarter. Northern Trust Corp now owns 556,446 shares of the company’s stock worth $86,577,000 after purchasing an additional 29,405 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Zscaler by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 512,094 shares of the company’s stock valued at $79,677,000 after purchasing an additional 6,821 shares during the period. Polar Capital Holdings Plc acquired a new stake in Zscaler during the third quarter worth approximately $61,681,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Zscaler by 10.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 302,326 shares of the company’s stock worth $66,984,000 after purchasing an additional 27,947 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays decreased their target price on shares of Zscaler from $259.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Wedbush boosted their price objective on shares of Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. BMO Capital Markets reduced their target price on Zscaler from $268.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. The Goldman Sachs Group lifted their price target on Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Finally, KeyCorp upgraded Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price objective for the company in a research report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $230.24.

Insider Buying and Selling

In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the firm’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 completion of the sale, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen Blasing sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $250.90, for a total value of $1,756,300.00. Following the transaction, the director now directly owns 40,372 shares in the company, valued at $10,129,334.80. The disclosure for this sale can be found here. Insiders have sold a total of 19,715 shares of company stock valued at $4,212,202 over the last ninety days. 19.20% of the stock is owned by corporate insiders.

Zscaler Stock Up 0.4 %

Shares of NASDAQ:ZS opened at $177.11 on Monday. Zscaler, Inc. has a 1 year low of $86.93 and a 1 year high of $259.61. 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 business’s 50-day moving average is $192.52 and its 200-day moving average is $203.61.

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, beating the consensus estimate of ($0.24) by $0.08. The firm had revenue of $525.00 million for the quarter, compared to analyst estimates of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. On average, research analysts anticipate that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

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.