Sumitomo Mitsui DS Asset Management Company Ltd Sells 3,643 Shares of Zscaler, Inc. (NASDAQ:ZS)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Zscaler, Inc. (NASDAQ:ZSGet Rating) by 17.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,887 shares of the company’s stock after selling 3,643 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Zscaler were worth $2,525,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ZS. Arlington Partners LLC lifted its stake in Zscaler by 122.4% during the 1st quarter. Arlington Partners LLC now owns 109 shares of the company’s stock valued at $26,000 after acquiring an additional 60 shares in the last quarter. San Luis Wealth Advisors LLC bought a new position in Zscaler during the 1st quarter valued at $30,000. Meeder Asset Management Inc. bought a new position in Zscaler during the 1st quarter valued at $30,000. AdvisorNet Financial Inc lifted its stake in Zscaler by 362.1% during the 1st quarter. AdvisorNet Financial Inc now owns 134 shares of the company’s stock valued at $32,000 after acquiring an additional 105 shares in the last quarter. Finally, AlphaCentric Advisors LLC bought a new position in Zscaler during the 4th quarter valued at $33,000. 45.51% of the stock is currently owned by institutional investors.

Insider Transactions at Zscaler

In related news, insider Robert Schlossman sold 8,045 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $167.97, for a total transaction of $1,351,318.65. Following the completion of the sale, the insider now directly owns 135,381 shares in the company, valued at approximately $22,739,946.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Robert Schlossman sold 8,045 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $167.97, for a total transaction of $1,351,318.65. Following the completion of the sale, the insider now directly owns 135,381 shares in the company, valued at approximately $22,739,946.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 81,890 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $167.97, for a total transaction of $13,755,063.30. Following the sale, the chief executive officer now owns 281,107 shares of the company’s stock, valued at $47,217,542.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,514 shares of company stock worth $25,449,807. 20.30% of the stock is currently owned by insiders.

Zscaler Trading Down 5.4 %

ZS stock opened at $162.56 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.99 and a quick ratio of 1.99. Zscaler, Inc. has a one year low of $125.12 and a one year high of $376.11. The firm has a 50 day simple moving average of $164.14 and a two-hundred day simple moving average of $176.93.

Zscaler (NASDAQ:ZSGet Rating) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $318.06 million during the quarter, compared to analyst estimates of $305.54 million. Zscaler had a negative net margin of 35.77% and a negative return on equity of 55.59%. The business’s quarterly revenue was up 61.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.48) EPS. On average, sell-side analysts anticipate that Zscaler, Inc. will post -2.17 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird dropped their price objective on Zscaler from $300.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. Credit Suisse Group lowered their target price on Zscaler from $310.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 9th. Royal Bank of Canada lifted their target price on Zscaler from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, September 9th. Mizuho lifted their target price on Zscaler from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Finally, Cowen lowered their target price on Zscaler from $405.00 to $194.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.03.

About Zscaler

(Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. It 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.

Recommended Stories

Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.