California Public Employees Retirement System Has $35.67 Million Holdings in Zscaler, Inc. (NASDAQ:ZS)

California Public Employees Retirement System grew its position in Zscaler, Inc. (NASDAQ:ZS) by 24.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 161,009 shares of the company’s stock after acquiring an additional 31,575 shares during the quarter. California Public Employees Retirement System’s holdings in Zscaler were worth $35,673,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ZS. BluePath Capital Management LLC acquired a new position in shares of Zscaler during the 3rd quarter valued at about $32,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after acquiring an additional 109 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Zscaler by 41.1% during the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock valued at $53,000 after acquiring an additional 69 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Zscaler by 175.4% during the 4th quarter. Allworth Financial LP now owns 380 shares of the company’s stock valued at $84,000 after acquiring an additional 242 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in shares of Zscaler by 231.7% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 544 shares of the company’s stock valued at $85,000 after acquiring an additional 380 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZS has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on Zscaler from $268.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Barclays decreased their target price on Zscaler from $259.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. KeyCorp upgraded Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 target price for the company in a research note on Thursday, April 18th. Oppenheimer increased their target price on Zscaler from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Macquarie restated an “outperform” rating and set a $245.00 target price on shares of Zscaler in a research note on Tuesday, March 19th. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $230.24.

Zscaler Trading Up 1.3 %

ZS stock opened at $177.05 on Friday. The business has a fifty day moving average price of $198.51 and a 200 day moving average price of $203.25. Zscaler, Inc. has a fifty-two week low of $84.93 and a fifty-two week high of $259.61. The stock has a market capitalization of $26.54 billion, a price-to-earnings ratio of -186.37 and a beta of 0.80. 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 (NASDAQ:ZS) last released its earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. The company had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. Analysts expect that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

Insider Activity

In related news, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the sale, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the sale, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $236.24, for a total value of $1,653,680.00. Following the completion of the sale, the director now directly owns 39,539 shares in the company, valued at approximately $9,340,693.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,715 shares of company stock valued at $5,865,882. Company insiders own 19.20% of the company’s stock.

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.