20,820 Shares in Zscaler, Inc. (NASDAQ:ZS) Acquired by Exane Asset Management

Exane Asset Management purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,820 shares of the company’s stock, valued at approximately $3,889,000. Zscaler comprises approximately 2.2% of Exane Asset Management’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of ZS. Global X Japan Co. Ltd. boosted its stake in Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. Prestige Wealth Management Group LLC acquired a new position in shares of Zscaler during the third quarter worth approximately $31,000. True Wealth Design LLC boosted its position in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after acquiring an additional 185 shares during the period. Versant Capital Management Inc grew its stake in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in Zscaler during the fourth quarter worth $36,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZS has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Citigroup increased their target price on shares of Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Scotiabank upped their price target on Zscaler from $205.00 to $225.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. KeyCorp lifted their price objective on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price on shares of Zscaler in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $225.47.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $205.53 on Friday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The company’s 50-day moving average price is $194.20 and its two-hundred day moving average price is $188.27.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same quarter last year, the business posted ($0.18) earnings per share. Zscaler’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, sell-side analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now owns 220,635 shares in the company, valued at $44,197,603.20. The trade was a 1.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the transaction, the insider now owns 142,866 shares in the company, valued at $28,618,917.12. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 over the last 90 days. 18.10% of the stock is owned by insiders.

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.