Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 1,439.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,457 shares of the company’s stock after purchasing an additional 47,179 shares during the period. Ieq Capital LLC’s holdings in Zscaler were worth $9,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fred Alger Management LLC boosted its holdings in shares of Zscaler by 1,151.0% during the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock worth $1,773,000 after purchasing an additional 9,542 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Zscaler by 7.1% in the third 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. Nomura Asset Management Co. Ltd. lifted its holdings in Zscaler by 11.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after acquiring an additional 37,801 shares during the last quarter. Zweig DiMenna Associates LLC lifted its holdings in Zscaler by 29.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock valued at $14,061,000 after acquiring an additional 17,900 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its holdings in Zscaler by 30.3% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock valued at $1,515,000 after acquiring an additional 1,952 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zscaler

In related news, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were 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 owns 142,866 shares in the company, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the completion of the transaction, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,248 shares of company stock worth $2,052,879. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

Shares of ZS stock opened at $206.97 on Friday. The stock’s 50-day moving average is $195.38 and its two-hundred day moving average is $190.31. The firm has a market cap of $31.76 billion, a price-to-earnings ratio of -827.88 and a beta of 0.89. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $251.55.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data 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. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. During the same quarter last year, the company posted ($0.18) earnings per share. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. As a group, research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

ZS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Loop Capital decreased their price objective on Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their price objective on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 price objective on shares of Zscaler in a report on Friday, January 10th. Finally, Citigroup upped their price target on Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.63.

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.