Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC boosted its position in Zscaler, Inc. (NASDAQ:ZSFree Report) by 20.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,702 shares of the company’s stock after acquiring an additional 1,153 shares during the quarter. Jennison Associates LLC’s holdings in Zscaler were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Summit Advisors LLC purchased a new stake in Zscaler during the 4th quarter worth $5,609,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Zscaler during the 4th quarter valued at about $9,674,000. Nordea Investment Management AB lifted its position in Zscaler by 463.5% during the 4th 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 in the last quarter. Norges Bank purchased a new position in Zscaler in the 4th quarter worth approximately $117,599,000. Finally, Vanguard Group Inc. grew its position in Zscaler by 1.5% in the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock valued at $1,343,810,000 after acquiring an additional 129,090 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

ZS opened at $197.36 on Wednesday. The stock’s fifty day moving average is $180.16 and its 200-day moving average is $201.54. Zscaler, Inc. has a one year low of $131.59 and a one year high of $259.61. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75.

Zscaler (NASDAQ:ZSGet Free Report) last issued its quarterly earnings results on Thursday, May 30th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.39. The company had revenue of $553.20 million during the quarter, compared to the consensus estimate of $535.55 million. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. On average, equities research analysts forecast that Zscaler, Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ZS shares. Canaccord Genuity Group decreased their target price on shares of Zscaler from $260.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Rosenblatt Securities restated a “neutral” rating and set a $190.00 target price on shares of Zscaler in a research note on Tuesday, May 28th. Oppenheimer reissued an “outperform” rating and issued a $260.00 price target (down previously from $290.00) on shares of Zscaler in a report on Friday, May 31st. Barclays upped their target price on Zscaler from $205.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Finally, Robert W. Baird decreased their price target on shares of Zscaler from $265.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.21.

Read Our Latest Research Report on ZS

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 7,981 shares of Zscaler stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the transaction, the chief financial officer now directly owns 243,486 shares in the company, valued at approximately $43,148,154.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 19.20% of the company’s stock.

About Zscaler

(Free Report)

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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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