Sumitomo Mitsui Trust Holdings Inc. Acquires 10,406 Shares of Zscaler, Inc. (NASDAQ:ZS)

Sumitomo Mitsui Trust Holdings Inc. increased its stake in Zscaler, Inc. (NASDAQ:ZS) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 234,290 shares of the company’s stock after purchasing an additional 10,406 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Zscaler were worth $51,909,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. BluePath Capital Management LLC acquired a new stake in Zscaler in the third quarter valued at approximately $32,000. KB Financial Partners LLC bought a new position in shares of Zscaler in the 1st quarter worth $39,000. Coppell Advisory Solutions LLC acquired a new stake in Zscaler in the 2nd quarter valued at $45,000. Coppell Advisory Solutions Corp. bought a new stake in Zscaler during the 4th quarter valued at $45,000. Finally, Point72 Asset Management L.P. acquired a new position in Zscaler during the second quarter worth $54,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ZS shares. JPMorgan Chase & Co. boosted their target price on shares of Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. KeyCorp raised Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price objective for the company in a report on Thursday. The Goldman Sachs Group raised their target price on Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Wedbush upped their price target on Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, BMO Capital Markets lowered their price target on Zscaler from $268.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.24.

Zscaler Trading Up 0.0 %

Shares of NASDAQ:ZS opened at $172.97 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average price of $207.79 and a two-hundred day moving average price of $202.60. Zscaler, Inc. has a twelve month low of $84.93 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. The company had revenue of $525.00 million during the quarter, compared to the consensus estimate of $507.56 million. On average, equities analysts predict that Zscaler, Inc. will post -0.81 EPS for the current year.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $408,512.25. Following the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at approximately $70,915,408.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $558,782.95. Following the transaction, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The disclosure for this sale can be found here. Insiders sold 26,715 shares of company stock valued at $5,865,882 over the last three months. Company insiders own 19.20% of the company’s stock.

Zscaler 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.