California State Teachers Retirement System Decreases Stake in Zscaler, Inc. (NASDAQ:ZS)
California State Teachers Retirement System lowered its position in Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 138,074 shares of the company’s stock after selling 855 shares during the quarter. California State Teachers Retirement System’s holdings in Zscaler were worth $22,695,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in ZS. Mirae Asset Global Investments Co. Ltd. increased its holdings in Zscaler by 14.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 557,345 shares of the company’s stock worth $134,476,000 after acquiring an additional 68,982 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new stake in Zscaler in the 1st quarter worth about $244,000. D.A. Davidson & CO. increased its holdings in Zscaler by 41.6% in the 1st quarter. D.A. Davidson & CO. now owns 1,130 shares of the company’s stock worth $273,000 after acquiring an additional 332 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Zscaler during the 1st quarter valued at about $1,232,000. Finally, Dimensional Fund Advisors LP grew its holdings in Zscaler by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 121,598 shares of the company’s stock valued at $29,338,000 after buying an additional 2,153 shares in the last quarter. Hedge funds and other institutional investors own 45.33% of the company’s stock.
Analyst Upgrades and Downgrades
ZS has been the subject of a number of recent analyst reports. Barclays reduced their target price on Zscaler from $143.00 to $135.00 in a report on Friday, March 3rd. UBS Group reduced their target price on Zscaler from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, December 2nd. Citigroup reduced their target price on Zscaler from $225.00 to $185.00 in a report on Friday, December 2nd. Cantor Fitzgerald reduced their target price on Zscaler from $160.00 to $140.00 in a report on Friday, March 3rd. Finally, Wedbush reduced their target price on Zscaler from $180.00 to $150.00 in a report on Friday, March 3rd. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $170.14.
Zscaler Stock Performance
Shares of ZS stock opened at $105.49 on Monday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.01 and a current ratio of 2.01. Zscaler, Inc. has a fifty-two week low of $99.64 and a fifty-two week high of $253.74. The stock has a 50 day moving average price of $122.67 and a two-hundred day moving average price of $134.65. The company has a market capitalization of $15.31 billion, a P/E ratio of -46.07 and a beta of 0.88.
Insider Buying and Selling at Zscaler
In other Zscaler news, CEO Jagtar Singh Chaudhry sold 900 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $106.79, for a total value of $96,111.00. Following the completion of the sale, the chief executive officer now owns 322,649 shares in the company, valued at $34,455,686.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 900 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $106.79, for a total value of $96,111.00. Following the completion of the sale, the chief executive officer now owns 322,649 shares in the company, valued at $34,455,686.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Remo Canessa sold 6,229 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total value of $665,194.91. Following the transaction, the chief financial officer now owns 295,863 shares of the company’s stock, valued at approximately $31,595,209.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,412 shares of company stock worth $1,752,637. 19.80% of the stock is currently owned by insiders.
Zscaler Company Profile
Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.
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