China Universal Asset Management Co. Ltd. Has $450,000 Position in Zscaler, Inc. (NASDAQ:ZS)

China Universal Asset Management Co. Ltd. lifted its position in Zscaler, Inc. (NASDAQ:ZS) by 30.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,497 shares of the company’s stock after acquiring an additional 580 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Zscaler were worth $450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prestige Wealth Management Group LLC bought a new stake in shares of Zscaler in the third quarter worth about $31,000. True Wealth Design LLC grew its position in shares of Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the period. Versant Capital Management Inc increased its stake in Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares in the last quarter. Modus Advisors LLC acquired a new stake in Zscaler during the 4th quarter worth approximately $36,000. Finally, Crews Bank & Trust bought a new position in Zscaler in the fourth quarter valued at approximately $36,000. Institutional investors own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Susquehanna raised their price objective on shares of Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a report on Tuesday, December 3rd. Stifel Nicolaus raised their price target on Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $240.00 target price (down from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Guggenheim reissued a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $225.47.

Zscaler Stock Performance

Zscaler stock opened at $202.59 on Monday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The stock has a market capitalization of $31.09 billion, a P/E ratio of -810.36 and a beta of 0.87. The stock has a fifty day moving average of $194.58 and a 200-day moving average of $187.74.

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 firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) earnings per share. On average, research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Syam Nair sold 3,682 shares of the firm’s 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 $737,578.24. Following the completion of the transaction, the insider now owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is currently owned by insiders.

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.