Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,520 shares of the company’s stock after selling 300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Zscaler were worth $3,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. lifted its stake in shares of Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after buying an additional 79 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Zscaler during the 4th quarter worth $29,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Zscaler during the third quarter worth $31,000. True Wealth Design LLC grew its position in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the period. Finally, Versant Capital Management Inc increased its stake in Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zscaler

In other news, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 in the company, valued at approximately $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 10,248 shares of company stock worth $2,052,879 in the last ninety days. 18.10% of the stock is owned by insiders.

Zscaler Stock Performance

Shares of ZS opened at $193.04 on Wednesday. Zscaler, Inc. has a one year low of $153.45 and a one year high of $251.55. The stock has a 50-day moving average price of $195.08 and a 200 day moving average price of $191.20. The company has a market capitalization of $29.62 billion, a P/E ratio of -772.16 and a beta of 0.89.

Zscaler (NASDAQ:ZS) last released its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $605.51 million. During the same period in the prior year, the business posted ($0.18) EPS. The business’s revenue was up 26.4% on a year-over-year basis. As a group, equities research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on ZS shares. Citigroup lifted their price target on Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. KeyCorp boosted their target price on shares of Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a research report on Monday, November 18th. Scotiabank lifted 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. Finally, Jefferies Financial Group upped their price objective on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $226.56.

Zscaler Company 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.