Healthcare of Ontario Pension Plan Trust Fund Has $628,000 Holdings in Zscaler, Inc. (NASDAQ:ZS)

Posted by Defense World Staff on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 80.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,818 shares of the company’s stock after selling 15,250 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Zscaler were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in Zscaler during the 1st quarter valued at $168,365,000. Scge Management L.P. grew its holdings in Zscaler by 67.9% during the 2nd quarter. Scge Management L.P. now owns 987,000 shares of the company’s stock valued at $147,566,000 after buying an additional 399,000 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in Zscaler during the 2nd quarter valued at about $47,685,000. Artisan Partners Limited Partnership grew its holdings in Zscaler by 17.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,865,180 shares of the company’s stock valued at $306,580,000 after buying an additional 271,360 shares in the last quarter. Finally, Scout Investments Inc. bought a new stake in shares of Zscaler during the 3rd quarter valued at about $35,211,000. Institutional investors and hedge funds own 45.33% of the company’s stock.

Zscaler Trading Down 0.5 %

Shares of Zscaler stock opened at $131.15 on Wednesday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a 50 day moving average of $121.30 and a 200 day moving average of $139.50. Zscaler, Inc. has a fifty-two week low of $99.64 and a fifty-two week high of $260.87. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of -50.44 and a beta of 0.89.

Zscaler (NASDAQ:ZS – Get Rating) last announced its quarterly earnings data on Thursday, December 1st. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.04. The business had revenue of $355.55 million during the quarter, compared to analysts’ expectations of $341.08 million. Zscaler had a negative return on equity of 56.23% and a negative net margin of 30.23%. As a group, research analysts predict that Zscaler, Inc. will post -1.69 earnings per share for the current year.

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 5,081 shares of the company’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $114.14, for a total value of $579,945.34. Following the sale, the insider now directly owns 136,198 shares in the company, valued at $15,545,639.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zscaler news, COO Dali Rajic sold 7,113 shares of the company’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $114.14, for a total transaction of $811,877.82. Following the completion of the sale, the chief operating officer now directly owns 296,820 shares in the company, valued at $33,879,034.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 5,081 shares of the stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $114.14, for a total value of $579,945.34. Following the completion of the sale, the insider now owns 136,198 shares of the company’s stock, valued at approximately $15,545,639.72. The disclosure for this sale can be found here. Insiders have sold a total of 19,735 shares of company stock worth $2,252,553 over the last three months. 19.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ZS shares. Barclays dropped their price target on Zscaler from $160.00 to $143.00 and set an “equal weight” rating for the company in a research report on Friday, December 2nd. Piper Sandler reduced their price target on Zscaler from $145.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, January 5th. MKM Partners reduced their price target on Zscaler from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, November 28th. BMO Capital Markets cut their target price on Zscaler from $162.00 to $150.00 in a research note on Friday, December 2nd. Finally, Robert W. Baird lowered their price target on Zscaler from $220.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, December 5th. Twelve equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.38.

About Zscaler

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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.