New York State Common Retirement Fund Has $14.74 Million Position in Zscaler, Inc. (NASDAQ:ZS)

New York State Common Retirement Fund decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,521 shares of the company’s stock after selling 8,006 shares during the quarter. New York State Common Retirement Fund’s holdings in Zscaler were worth $14,738,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in Zscaler in the 4th quarter worth about $9,674,000. Nordea Investment Management AB boosted its holdings in shares of Zscaler by 463.5% in the fourth quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock worth $6,629,000 after acquiring an additional 24,514 shares during the period. Vanguard Group Inc. increased its position in shares of Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock valued at $1,343,810,000 after buying an additional 129,090 shares during the period. AQR Capital Management LLC increased its holdings in Zscaler by 272.6% during the 3rd quarter. AQR Capital Management LLC now owns 41,894 shares of the company’s stock worth $6,518,000 after acquiring an additional 30,650 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Zscaler by 19,012.4% during the fourth quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock valued at $49,629,000 after buying an additional 222,825 shares during the period. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Up 1.1 %

Shares of Zscaler stock opened at $179.04 on Tuesday. The stock’s 50-day simple moving average is $197.03 and its 200-day simple moving average is $203.74. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. Zscaler, Inc. has a 52 week low of $84.93 and a 52 week 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, beating the consensus estimate of ($0.24) by $0.08. The business had revenue of $525.00 million during the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. As a group, research analysts predict that Zscaler, Inc. will post -0.8 EPS for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Syam Nair sold 2,893 shares of Zscaler 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 completion of the transaction, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the sale, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the sale, the insider now directly 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 worth $5,865,882 over the last 90 days. 19.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ZS. JMP Securities reissued a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a research note on Friday, March 1st. Wedbush boosted their price objective on shares of Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. BMO Capital Markets lowered their target price on Zscaler from $268.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Sanford C. Bernstein lowered their price target on shares of Zscaler from $311.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. boosted their target price on Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $230.24.

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.