B. Metzler seel. Sohn & Co. Holding AG Invests $4.70 Million in Zscaler, Inc. (NASDAQ:ZS)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 27,499 shares of the company’s stock, valued at approximately $4,701,000.

Other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise lifted its position in shares of Zscaler by 40.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 23,469 shares of the company’s stock valued at $4,012,000 after acquiring an additional 6,736 shares in the last quarter. SouthState Corp lifted its holdings in shares of Zscaler by 15.1% in the third quarter. SouthState Corp now owns 26,568 shares of the company’s stock valued at $4,542,000 after purchasing an additional 3,487 shares in the last quarter. Princeton Capital Management LLC lifted its holdings in shares of Zscaler by 3.2% in the third quarter. Princeton Capital Management LLC now owns 23,739 shares of the company’s stock valued at $4,058,000 after purchasing an additional 729 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Zscaler in the third quarter worth $210,000. Finally, Aviance Capital Partners LLC raised its position in Zscaler by 6.7% during the third quarter. Aviance Capital Partners LLC now owns 8,000 shares of the company’s stock valued at $1,368,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Up 0.7 %

Shares of ZS stock opened at $204.36 on Wednesday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The firm has a market cap of $31.16 billion, a PE ratio of -510.89 and a beta of 0.82. The stock has a 50 day moving average of $184.08 and a 200-day moving average of $183.03.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. During the same period in the prior year, the company earned ($0.17) EPS. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts predict that Zscaler, Inc. will post -0.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZS has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on Zscaler from $182.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. Rosenblatt Securities reiterated a “neutral” rating and issued a $190.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. Robert W. Baird lowered their price target on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Susquehanna reiterated a “positive” rating and set a $210.00 price objective on shares of Zscaler in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered their target price on Zscaler from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.18.

Insider Activity

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $488,490.56. Following the sale, the chief executive officer now owns 361,432 shares of the company’s stock, valued at $61,906,072.96. The trade was a 0.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the transaction, the insider now directly owns 105,806 shares of the company’s stock, valued at $19,224,950.20. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,502 shares of company stock valued at $5,256,651. Insiders own 19.20% of the company’s stock.

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.