National Pension Service lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,819 shares of the company’s stock after acquiring an additional 972 shares during the quarter. National Pension Service’s holdings in Zscaler were worth $54,255,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in shares of Zscaler in the first quarter valued at approximately $26,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Zscaler during the 1st quarter worth approximately $29,000. Quaker Wealth Management LLC boosted its position in Zscaler by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 194 shares in the last quarter. Exane Asset Management increased its position in shares of Zscaler by 185.7% in the second quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in shares of Zscaler in the 1st quarter worth about $33,000. Institutional investors and hedge funds own 46.45% of the company’s stock.
Zscaler Trading Down 2.7%
NASDAQ:ZS opened at $308.60 on Friday. The business’s 50-day moving average is $304.82 and its two-hundred day moving average is $287.36. The firm has a market capitalization of $48.85 billion, a PE ratio of -1,142.96 and a beta of 1.06. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $336.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01.
Insider Activity
In other news, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the completion of the transaction, the executive vice president directly owned 73,832 shares in the company, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Geller sold 11,193 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the completion of the transaction, the insider owned 53,942 shares in the company, valued at $15,141,519.40. This represents a 17.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Barclays increased their price target on shares of Zscaler from $320.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group decreased their price objective on Zscaler from $365.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, September 3rd. Zacks Research upgraded shares of Zscaler from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Scotiabank cut their price objective on shares of Zscaler from $360.00 to $334.00 and set a “sector outperform” rating for the company in a research report on Wednesday, September 3rd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $312.39.
Get Our Latest Stock Analysis on Zscaler
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.
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