Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in Zscaler, Inc. (NASDAQ:ZS) by 5.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,614 shares of the company’s stock after selling 694 shares during the period. Envestnet Asset Management Inc.’s holdings in Zscaler were worth $2,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZS. Quadrature Capital Ltd acquired a new stake in shares of Zscaler in the 1st quarter valued at approximately $47,217,000. Vanguard Group Inc. lifted its holdings in Zscaler by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company’s stock valued at $1,959,426,000 after acquiring an additional 206,908 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Zscaler during the 1st quarter worth $27,954,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Zscaler by 19.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 619,293 shares of the company’s stock worth $119,294,000 after purchasing an additional 102,616 shares in the last quarter. Finally, Natixis grew its stake in shares of Zscaler by 95.3% during the 1st quarter. Natixis now owns 194,224 shares of the company’s stock worth $37,413,000 after purchasing an additional 94,790 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 4,947 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34. Following the completion of the sale, the insider now directly owns 107,241 shares of the company’s stock, valued at approximately $18,254,563.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Robert Schlossman sold 4,947 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $170.22, for a total value of $842,078.34. Following the completion of the transaction, the insider now owns 107,241 shares of the company’s stock, valued at approximately $18,254,563.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael J. Rich sold 4,813 shares of Zscaler stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $824,370.64. Following the sale, the insider now owns 103,259 shares in the company, valued at $17,686,201.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,067 shares of company stock worth $4,995,912 in the last 90 days. 19.20% of the stock is owned by company insiders.

Zscaler Trading Up 2.5 %

NASDAQ:ZS opened at $173.93 on Friday. The firm’s fifty day simple moving average is $177.45 and its 200 day simple moving average is $181.14. Zscaler, Inc. has a twelve month low of $149.63 and a twelve month high of $259.61. The firm has a market capitalization of $26.29 billion, a price-to-earnings ratio of -341.04 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The company had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. On average, analysts predict that Zscaler, Inc. will post -0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ZS shares. Citigroup decreased their price objective on shares of Zscaler from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Friday. UBS Group dropped their price objective on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Scotiabank decreased their target price on Zscaler from $210.00 to $195.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, September 4th. Needham & Company LLC dropped their price target on Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a research report on Wednesday, September 4th. Finally, BMO Capital Markets cut their price target on Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.09.

Zscaler 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.