Keybank National Association OH Purchases 9,486 Shares of Zscaler, Inc. (NASDAQ:ZS)

Keybank National Association OH increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 286,500 shares of the company’s stock after acquiring an additional 9,486 shares during the period. Keybank National Association OH’s holdings in Zscaler were worth $51,688,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in shares of Zscaler by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,725 shares of the company’s stock valued at $68,145,000 after purchasing an additional 22,655 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Zscaler in the fourth quarter valued at approximately $3,464,000. Jones Financial Companies Lllp grew its position in shares of Zscaler by 27.6% in the fourth quarter. Jones Financial Companies Lllp now owns 8,578 shares of the company’s stock valued at $1,547,000 after purchasing an additional 1,857 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Zscaler by 16.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the company’s stock worth $88,000 after buying an additional 69 shares in the last quarter. Finally, Metis Global Partners LLC acquired a new stake in Zscaler during the fourth quarter worth approximately $229,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of ZS opened at $188.79 on Tuesday. The stock has a 50-day moving average of $195.69 and a 200-day moving average of $191.53. The company has a market cap of $28.97 billion, a PE ratio of -755.16 and a beta of 0.89. Zscaler, Inc. has a one year low of $153.45 and a one year high of $221.62.

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

Wall Street Analyst Weigh In

ZS has been the topic of a number of analyst reports. Morgan Stanley reduced their price target on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 3rd. Cantor Fitzgerald raised Zscaler to a “hold” rating in a research report on Monday, November 18th. Needham & Company LLC restated a “buy” rating and set a $240.00 target price on shares of Zscaler in a research note on Friday, January 10th. Jefferies Financial Group upped their target price on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Guggenheim restated a “neutral” rating on shares of Zscaler in a research note on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $226.56.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 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 $737,578.24. Following the transaction, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by corporate 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.