Danica Pension Livsforsikringsaktieselskab Sells 63,774 Shares of Zscaler, Inc. $ZS

Danica Pension Livsforsikringsaktieselskab decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 80.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,799 shares of the company’s stock after selling 63,774 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Zscaler were worth $3,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Zscaler during the second quarter valued at about $1,396,028,000. First Trust Advisors LP increased its stake in shares of Zscaler by 36.2% in the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after purchasing an additional 935,781 shares during the period. Amundi lifted its position in shares of Zscaler by 12.8% during the 2nd quarter. Amundi now owns 1,137,837 shares of the company’s stock worth $160,606,000 after purchasing an additional 129,563 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Zscaler by 23.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock worth $155,718,000 after purchasing an additional 209,711 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Zscaler by 23,646.1% during the 3rd quarter. International Assets Investment Management LLC now owns 606,000 shares of the company’s stock worth $120,849,000 after purchasing an additional 603,448 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ZS. Citizens Jmp raised their target price on Zscaler from $210.00 to $265.00 and gave the company a “market outperform” rating in a report on Friday, October 9th. Piper Sandler upped their price target on Zscaler from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Wedbush increased their price target on shares of Zscaler from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. Truist Financial reiterated a “buy” rating and issued a $250.00 price objective (up from $200.00) on shares of Zscaler in a research report on Wednesday, October 7th. Finally, Rosenblatt Securities set a $250.00 target price on Zscaler in a research note on Wednesday, October 7th. Thirty-six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.65.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 5,394 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $200.00, for a total value of $1,078,800.00. Following the completion of the sale, the insider owned 61,525 shares of the company’s stock, valued at $12,305,000. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James A. Beer sold 177 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $192.01, for a total value of $33,985.77. Following the transaction, the director directly owned 4,030 shares in the company, valued at approximately $773,800.30. This represents a 4.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 55,105 shares of company stock worth $11,563,836 over the last ninety days. Company insiders own 17.20% of the company’s stock.

Zscaler Price Performance

Shares of ZS traded down $0.75 during mid-day trading on Friday, reaching $192.47. The company had a trading volume of 1,522,877 shares, compared to its average volume of 2,392,877. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market capitalization of $31.38 billion, a P/E ratio of -493.51, a P/E/G ratio of 18.37 and a beta of 0.82. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $307.00. The company’s 50-day moving average is $209.45 and its 200-day moving average is $167.24.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The firm had revenue of $898.19 million for the quarter, compared to analysts’ expectations of $876.96 million. During the same period in the prior year, the business posted $0.89 earnings per share. The business’s revenue was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, equities analysts anticipate that Zscaler, Inc. will post 0.70 EPS for the current year.

Zscaler Company Profile

Zscaler, Inc. is a cloud security company that provides services designed to help organizations protect users, applications, and data. Its platform, the Zscaler Zero Trust Exchange, connects users and devices to applications while applying security controls, rather than relying on traditional network boundaries. The company’s offerings include Zscaler Internet Access for securing internet and software-as-a-service traffic, and Zscaler Private Access for providing secure access to private applications.