Mediolanum International Funds Ltd Decreases Position in Zscaler, Inc. (NASDAQ:ZS)

Mediolanum International Funds Ltd reduced its stake in Zscaler, Inc. (NASDAQ:ZS) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,754 shares of the company’s stock after selling 631 shares during the period. Mediolanum International Funds Ltd’s holdings in Zscaler were worth $7,846,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Quest Partners LLC purchased a new stake in shares of Zscaler in the 2nd quarter valued at about $28,000. Asset Dedication LLC lifted its stake in Zscaler by 436.8% in the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after buying an additional 166 shares during the last quarter. American Capital Advisory LLC acquired a new stake in shares of Zscaler in the second quarter valued at approximately $50,000. GAMMA Investing LLC grew its position in shares of Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after acquiring an additional 67 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Zscaler by 613.0% in the 2nd quarter. Quarry LP now owns 385 shares of the company’s stock valued at $74,000 after acquiring an additional 331 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Trading Up 0.6 %

ZS opened at $184.96 on Friday. The business’s 50 day moving average is $180.90 and its 200-day moving average is $180.76. The stock has a market cap of $27.96 billion, a PE ratio of -362.67 and a beta of 0.82. Zscaler, Inc. has a twelve month low of $152.60 and a twelve month high of $259.61.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on ZS. Citigroup lowered their price objective on shares of Zscaler from $240.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Bank of America lowered Zscaler from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $265.00 to $195.00 in a research note on Wednesday, September 4th. Mizuho cut Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 target price on the stock. in a report on Tuesday, July 16th. UBS Group lowered their price objective on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, Needham & Company LLC dropped their price target on Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a research note on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $216.73.

Insider Activity at Zscaler

In other news, insider Michael J. Rich sold 4,813 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $824,370.64. Following the sale, the insider now owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Zscaler news, insider Michael J. Rich sold 4,813 shares of Zscaler stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $824,370.64. Following the transaction, the insider now owns 103,259 shares in the company, valued at approximately $17,686,201.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 1,435 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now owns 105,806 shares of the company’s stock, valued at $19,224,950.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 over the last quarter. 19.20% of the stock is currently owned by company insiders.

Zscaler Profile

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.