Mediolanum International Funds Ltd Purchases 7,892 Shares of Zscaler, Inc. (NASDAQ:ZS)

Mediolanum International Funds Ltd grew its position in Zscaler, Inc. (NASDAQ:ZS) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,646 shares of the company’s stock after purchasing an additional 7,892 shares during the period. Mediolanum International Funds Ltd’s holdings in Zscaler were worth $9,800,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Zscaler by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock valued at $277,327,000 after buying an additional 60,414 shares during the period. Champlain Investment Partners LLC raised its stake in Zscaler by 28.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after acquiring an additional 283,540 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Zscaler by 33.8% during the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after purchasing an additional 100,814 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Zscaler by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after purchasing an additional 37,801 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Zscaler by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,070 shares of the company’s stock worth $60,696,000 after purchasing an additional 16,634 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Down 0.1 %

Shares of NASDAQ ZS opened at $202.59 on Friday. The firm’s 50-day moving average price is $194.58 and its 200-day moving average price is $187.90. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) EPS. As a group, equities research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on ZS shares. Scotiabank raised their price objective on shares of Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. BTIG Research lifted their price target on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. BNP Paribas assumed coverage on shares of Zscaler in a research note on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price objective for the company. Finally, Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a research note on Monday, November 18th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.47.

Insider Activity

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now owns 358,569 shares in the company, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares in the company, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock valued at $2,052,879 in the last quarter. 18.10% of the stock is currently owned by insiders.

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.