Vanguard Personalized Indexing Management LLC Buys 1,278 Shares of Zscaler, Inc. (NASDAQ:ZS)

Vanguard Personalized Indexing Management LLC grew its position in Zscaler, Inc. (NASDAQ:ZSFree Report) by 27.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,945 shares of the company’s stock after acquiring an additional 1,278 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Zscaler were worth $1,317,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in Zscaler in the 4th quarter valued at approximately $9,674,000. Nordea Investment Management AB raised its position in Zscaler by 463.5% during the 4th quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock worth $6,629,000 after purchasing an additional 24,514 shares during the last quarter. Vanguard Group Inc. lifted 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 worth $1,343,810,000 after buying an additional 129,090 shares during the period. AQR Capital Management LLC grew its position in shares of Zscaler by 272.6% in the 3rd quarter. AQR Capital Management LLC now owns 41,894 shares of the company’s stock valued at $6,518,000 after buying an additional 30,650 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Zscaler by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,360 shares of the company’s stock valued at $68,542,000 after buying an additional 15,628 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ZS shares. Needham & Company LLC reissued a “strong-buy” rating and set a $290.00 target price on shares of Zscaler in a research report on Friday, March 1st. The Goldman Sachs Group boosted their target price on shares of Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Truist Financial reiterated a “buy” rating and set a $260.00 price target on shares of Zscaler in a report on Monday, April 1st. Rosenblatt Securities boosted their price objective on Zscaler from $285.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. raised their target price on Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.29.

View Our Latest Stock Report on Zscaler

Zscaler Stock Down 0.3 %

Shares of ZS stock opened at $178.86 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler, Inc. has a 52-week low of $118.16 and a 52-week high of $259.61. The company has a 50-day simple moving average of $183.68 and a two-hundred day simple moving average of $204.68.

Zscaler (NASDAQ:ZSGet Free Report) last released its 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 company had revenue of $525.00 million during 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%. As a group, sell-side analysts forecast that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Remo Canessa sold 7,707 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the transaction, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zscaler news, CFO Remo Canessa sold 7,707 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the sale, the chief financial officer now directly owns 255,943 shares in the company, valued at $49,435,390.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction 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 sale, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,715 shares of company stock valued at $2,455,902. 19.20% of the stock is owned by insiders.

Zscaler Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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