AtonRa Partners Sells 387 Shares of Zscaler, Inc. (NASDAQ:ZS)

AtonRa Partners lowered its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,319 shares of the company’s stock after selling 387 shares during the period. AtonRa Partners’ holdings in Zscaler were worth $514,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ZS. Polar Capital Holdings Plc purchased a new position in shares of Zscaler in the third quarter worth $61,681,000. International Assets Investment Management LLC increased its position in shares of Zscaler by 19,012.4% in the fourth quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock valued at $49,629,000 after acquiring an additional 222,825 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Zscaler by 370.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 249,310 shares of the company’s stock valued at $55,660,000 after acquiring an additional 196,296 shares during the last quarter. Federated Hermes Inc. purchased a new stake in shares of Zscaler during the fourth quarter worth about $39,246,000. Finally, Vanguard Group Inc. increased its holdings in Zscaler by 1.5% during the 3rd 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. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other Zscaler news, Director Karen Blasing sold 7,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the completion of the transaction, the director now owns 40,372 shares of the company’s stock, valued at approximately $10,129,334.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the sale, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Karen Blasing sold 7,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the transaction, the director now owns 40,372 shares of the company’s stock, valued at approximately $10,129,334.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,715 shares of company stock valued at $5,865,882. 19.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ZS. Wedbush upped their price objective on shares of Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. The Goldman Sachs Group lifted their price objective on Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Morgan Stanley upped their target price on Zscaler from $195.00 to $214.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Robert W. Baird raised their target price on Zscaler from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $290.00 price target on shares of Zscaler in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $230.24.

Zscaler Stock Performance

Shares of NASDAQ:ZS traded up $1.99 during mid-day trading on Monday, reaching $179.04. 1,295,947 shares of the company traded hands, compared to its average volume of 2,208,625. The company’s 50 day moving average price is $197.03 and its 200-day moving average price is $203.74. The firm has a market cap of $26.84 billion, a PE ratio of -188.46 and a beta of 0.80. Zscaler, Inc. has a 52 week low of $84.93 and a 52 week 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.

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

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.