Zscaler, Inc. (NASDAQ:ZS) Stake Boosted by TD Asset Management Inc.

TD Asset Management Inc. raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,331 shares of the company’s stock after acquiring an additional 564 shares during the quarter. TD Asset Management Inc.’s holdings in Zscaler were worth $5,069,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its stake in Zscaler by 47.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 3,436,124 shares of the company’s stock valued at $742,409,000 after acquiring an additional 1,102,347 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Zscaler by 1.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,953,942 shares of the company’s stock valued at $638,230,000 after acquiring an additional 37,199 shares in the last quarter. First Trust Advisors LP grew its stake in Zscaler by 5.0% during the 2nd quarter. First Trust Advisors LP now owns 1,689,220 shares of the company’s stock valued at $364,973,000 after acquiring an additional 80,960 shares in the last quarter. FMR LLC grew its stake in Zscaler by 43.6% during the 2nd quarter. FMR LLC now owns 1,200,040 shares of the company’s stock valued at $259,281,000 after acquiring an additional 364,284 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Zscaler by 6.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 974,716 shares of the company’s stock valued at $210,597,000 after buying an additional 61,915 shares during the last quarter. 43.09% of the stock is currently owned by institutional investors.

In other news, insider Amit Sinha sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 21st. The stock was sold at an average price of $308.94, for a total transaction of $6,178,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Schlossman sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 18th. The shares were sold at an average price of $300.01, for a total value of $1,200,040.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,267 shares of company stock worth $25,658,622. 20.30% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on ZS. Truist Securities lifted their price target on Zscaler from $325.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 1st. Wedbush lifted their price target on Zscaler from $320.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, December 1st. Credit Suisse Group began coverage on Zscaler in a report on Tuesday, November 16th. They set an “outperform” rating and a $410.00 price target for the company. Mizuho lifted their price target on Zscaler from $385.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 1st. Finally, Daiwa Capital Markets lowered Zscaler from a “neutral” rating to an “underperform” rating and set a $286.00 price target for the company. in a report on Monday, December 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zscaler presently has an average rating of “Buy” and an average target price of $363.74.

Shares of NASDAQ ZS opened at $254.74 on Friday. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 1.75. The business’s 50 day moving average is $316.01 and its two-hundred day moving average is $281.45. The company has a market cap of $35.68 billion, a P/E ratio of -117.39 and a beta of 0.86. Zscaler, Inc. has a 12 month low of $157.03 and a 12 month high of $376.11.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, November 30th. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The company had revenue of $230.52 million for the quarter, compared to the consensus estimate of $212.33 million. Zscaler had a negative return on equity of 45.93% and a negative net margin of 39.13%. The company’s revenue for the quarter was up 61.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.28) EPS. Sell-side analysts expect that Zscaler, Inc. will post -2.33 earnings per share for the current fiscal year.

Zscaler Company Profile

Zscaler, Inc engages in the provision of cloud-based internet security platform. It provides integrated and comprehensive solutions to customers using cloud platform, the Zscaler Zero Trust Exchange. The firm offers Zcaler internet access, private access, digital experience, and cloud protection. The company was founded by Jagtar Singh Chaudhry and K.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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