10,361 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by Kera Capital Partners Inc.

Kera Capital Partners Inc. acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,361 shares of the company’s stock, valued at approximately $1,869,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZS. Fred Alger Management LLC grew its position in shares of Zscaler by 1,151.0% during the third quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock worth $1,773,000 after buying an additional 9,542 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Zscaler by 7.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock valued at $37,495,000 after acquiring an additional 14,701 shares during the last quarter. Creative Planning grew its holdings in Zscaler by 7.6% during the 3rd quarter. Creative Planning now owns 148,534 shares of the company’s stock worth $25,390,000 after acquiring an additional 10,551 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Zscaler by 11.0% in the 3rd 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 last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Zscaler in the 2nd quarter valued at about $25,287,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Up 0.0 %

Shares of ZS opened at $187.58 on Friday. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61. The firm’s 50 day moving average is $196.44 and its 200-day moving average is $188.06.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) earnings per share. On average, research analysts anticipate that Zscaler, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. KeyCorp increased their target price on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. BMO Capital Markets boosted their price target on Zscaler from $197.00 to $222.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Jefferies Financial Group raised their price objective on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.84.

Insiders Place Their Bets

In related news, insider Syam Nair sold 3,682 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $741,784.96. Following the transaction, the chief financial officer now directly owns 220,635 shares in the company, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,248 shares of company stock worth $2,052,879. Company insiders own 18.10% of the company’s stock.

About Zscaler

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.