Savant Capital LLC Invests $2.74 Million in Zscaler, Inc. (NASDAQ:ZS)

Savant Capital LLC acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 15,201 shares of the company’s stock, valued at approximately $2,742,000.

Other large investors have also added to or reduced their stakes in the company. Champlain Investment Partners LLC boosted its position in Zscaler by 28.2% during the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after purchasing an additional 283,540 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Zscaler by 13,498.6% during the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock worth $48,769,000 after purchasing an additional 283,201 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Zscaler by 33.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after buying an additional 100,814 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Zscaler by 59.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock valued at $34,421,000 after buying an additional 71,297 shares in the last quarter. Finally, Thematics Asset Management increased its holdings in Zscaler by 88.5% during the third quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock worth $25,128,000 after buying an additional 69,000 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other news, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the transaction, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the transaction, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is currently owned by insiders.

Zscaler Stock Up 0.9 %

Shares of Zscaler stock opened at $211.14 on Thursday. The firm’s 50-day moving average price is $194.59 and its two-hundred day moving average price is $188.86. The company has a market capitalization of $32.40 billion, a price-to-earnings ratio of -844.56 and a beta of 0.89. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $255.00.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. Zscaler’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.18) EPS. On average, sell-side analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZS. Oppenheimer increased their price target on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of Zscaler in a research note on Friday, January 10th. JMP Securities reissued a “market outperform” rating and set a $240.00 price target (down previously from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, Canaccord Genuity Group lifted their target price on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.63.

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.