Quintet Private Bank Europe S.A. Purchases 170 Shares of Zscaler, Inc. (NASDAQ:ZS)

Quintet Private Bank Europe S.A. lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 18.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,070 shares of the company’s stock after buying an additional 170 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Zscaler were worth $183,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ZS. Asset Management One Co. Ltd. increased its position in Zscaler by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 76,866 shares of the company’s stock valued at $13,139,000 after buying an additional 630 shares in the last quarter. Klingenstein Fields & Co. LP boosted its stake in Zscaler by 5.2% during the 3rd quarter. Klingenstein Fields & Co. LP now owns 94,026 shares of the company’s stock valued at $16,073,000 after purchasing an additional 4,660 shares during the last quarter. TrueWealth Advisors LLC boosted its stake in Zscaler by 31.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 2,133 shares of the company’s stock valued at $365,000 after purchasing an additional 508 shares during the last quarter. Van ECK Associates Corp boosted its stake in Zscaler by 1,786.5% during the 3rd quarter. Van ECK Associates Corp now owns 15,073 shares of the company’s stock valued at $2,728,000 after purchasing an additional 14,274 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Zscaler by 42.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,883 shares of the company’s stock valued at $664,000 after purchasing an additional 1,165 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at $61,906,072.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Zscaler news, insider Robert Schlossman sold 4,947 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $170.22, for a total value of $842,078.34. Following the completion of the sale, the insider now directly owns 107,241 shares in the company, valued at $18,254,563.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the completion of the sale, the chief executive officer now owns 361,432 shares of the company’s stock, valued at $61,906,072.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ZS has been the subject of a number of analyst reports. BNP Paribas initiated coverage on Zscaler in a research note on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price target for the company. UBS Group cut their price target on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. cut their target price on Zscaler from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 4th. Susquehanna restated a “positive” rating and issued a $210.00 target price on shares of Zscaler in a research note on Thursday, September 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $270.00 target price on shares of Zscaler in a research note on Monday. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.73.

Zscaler Trading Up 1.3 %

Shares of ZS stock opened at $184.90 on Tuesday. The business’s fifty day moving average is $179.63 and its 200 day moving average is $180.95. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. During the same quarter last year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. As a group, equities research analysts predict that Zscaler, Inc. will post -0.95 earnings per share for the current year.

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.