Westfield Capital Management Co. LP Has $91.30 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Westfield Capital Management Co. LP increased its holdings in shares of Zscaler, Inc. (NASDAQ:ZSFree Report) by 19.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 412,063 shares of the company’s stock after acquiring an additional 65,980 shares during the quarter. Westfield Capital Management Co. LP owned about 0.28% of Zscaler worth $91,297,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ZS. Teacher Retirement System of Texas increased its holdings in shares of Zscaler by 3.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 6,782 shares of the company’s stock worth $1,055,000 after acquiring an additional 199 shares during the last quarter. M&T Bank Corp grew its holdings in Zscaler by 2.6% in the 3rd quarter. M&T Bank Corp now owns 3,079 shares of the company’s stock valued at $479,000 after buying an additional 79 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Zscaler by 24.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 765 shares of the company’s stock valued at $119,000 after buying an additional 150 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Zscaler by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 10,790 shares of the company’s stock valued at $1,679,000 after buying an additional 363 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Zscaler by 3.5% in the 3rd quarter. California Public Employees Retirement System now owns 129,434 shares of the company’s stock valued at $20,139,000 after buying an additional 4,334 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Syam Nair sold 2,893 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 transaction of $558,782.95. Following the completion of the sale, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zscaler news, insider Syam Nair sold 2,893 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 $558,782.95. Following the completion of the sale, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the completion of the sale, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The disclosure for this sale can be found here. Insiders sold 12,715 shares of company stock valued at $2,455,902 over the last 90 days. Company insiders own 19.20% of the company’s stock.

Zscaler Trading Down 0.2 %

Shares of ZS stock traded down $0.27 on Friday, hitting $171.64. The company had a trading volume of 1,291,143 shares, compared to its average volume of 1,586,682. The firm has a market cap of $25.73 billion, a P/E ratio of -180.67 and a beta of 0.85. The stock’s 50-day moving average is $181.26 and its two-hundred day moving average is $205.10. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. Zscaler, Inc. has a twelve month low of $125.25 and a twelve month high of $259.61.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price objective on Zscaler from $270.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Sanford C. Bernstein decreased their price objective on Zscaler from $311.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Mizuho decreased their price objective on Zscaler from $310.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, May 17th. KeyCorp raised Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price objective on the stock in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. increased their target price on Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and an average price target of $230.76.

View Our Latest Report on ZS

Zscaler Company 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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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