Nomura Asset Management Co. Ltd. Sells 64,180 Shares of Zscaler, Inc. (NASDAQ:ZS)

Nomura Asset Management Co. Ltd. reduced its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 13.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 399,753 shares of the company’s stock after selling 64,180 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.27% of Zscaler worth $88,569,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Zscaler during the fourth quarter worth $117,599,000. Polar Capital Holdings Plc bought a new position in shares of Zscaler in the third quarter valued at about $61,681,000. Trivest Advisors Ltd bought a new position in shares of Zscaler in the fourth quarter valued at about $72,051,000. International Assets Investment Management LLC raised its position in shares of Zscaler by 19,012.4% in the fourth quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock valued at $49,629,000 after purchasing an additional 222,825 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Zscaler by 370.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 249,310 shares of the company’s stock valued at $55,660,000 after acquiring an additional 196,296 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the transaction, the insider now directly owns 137,294 shares in the company, valued at approximately $26,518,336.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the transaction, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,715 shares of company stock valued at $2,455,902. Insiders own 19.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “strong-buy” rating and issued a $290.00 price objective on shares of Zscaler in a report on Friday, March 1st. KeyCorp raised shares of Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price target for the company in a research report on Thursday, April 18th. Wedbush lifted their price target on shares of Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Barclays cut their price objective on shares of Zscaler from $240.00 to $205.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $230.00 target price on shares of Zscaler in a research note on Wednesday, April 17th. Five analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $230.76.

Zscaler Trading Down 0.2 %

Shares of Zscaler stock traded down $0.27 during trading on Friday, hitting $171.64. The stock had a trading volume of 1,290,614 shares, compared to its average volume of 2,093,937. The firm’s fifty day simple moving average is $181.26 and its 200-day simple moving average is $204.87. The stock has a market cap of $25.73 billion, a PE ratio of -180.67 and a beta of 0.85. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. Zscaler, Inc. has a 12 month low of $125.25 and a 12 month high of $259.61.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. The company had revenue of $525.00 million during the quarter, compared to analyst estimates of $507.56 million. As a group, sell-side analysts expect that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

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.