Two Sigma Advisers LP Cuts Stake in Zscaler, Inc. (NASDAQ:ZS)

Two Sigma Advisers LP trimmed its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 54.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 732,900 shares of the company’s stock after selling 873,000 shares during the period. Two Sigma Advisers LP’s holdings in Zscaler were worth $125,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ZS. Cetera Advisors LLC boosted its stake in Zscaler by 146.7% during the 1st quarter. Cetera Advisors LLC now owns 8,079 shares of the company’s stock valued at $1,556,000 after purchasing an additional 4,804 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $73,000 after buying an additional 67 shares during the last quarter. Mather Group LLC. boosted its position in shares of Zscaler by 22.9% during the second quarter. Mather Group LLC. now owns 704 shares of the company’s stock valued at $136,000 after buying an additional 131 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Zscaler by 17.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,718 shares of the company’s stock worth $522,000 after buying an additional 396 shares during the last quarter. Finally, CWM LLC lifted its stake in Zscaler by 45.9% during the 2nd quarter. CWM LLC now owns 2,683 shares of the company’s stock valued at $516,000 after acquiring an additional 844 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Down 0.4 %

NASDAQ ZS opened at $205.61 on Friday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The firm has a market capitalization of $31.55 billion, a price-to-earnings ratio of -822.44 and a beta of 0.82. The company has a fifty day moving average of $192.67 and a two-hundred day moving average of $185.44.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.80%. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. During the same period in the prior year, the firm posted ($0.18) EPS. The firm’s revenue was up 26.4% compared to the same quarter last year. Equities research analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current year.

Insiders Place Their Bets

In other news, insider Michael J. Rich sold 4,813 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the transaction, the insider now owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. This represents a 4.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Schlossman sold 1,435 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the transaction, the insider now owns 105,806 shares in the company, valued at approximately $19,224,950.20. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock worth $5,256,651 over the last quarter. Company insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on ZS shares. Canaccord Genuity Group boosted their price objective on shares of Zscaler from $220.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday. Susquehanna increased their price target on Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a report on Tuesday. UBS Group cut their price objective on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Scotiabank increased their target price on Zscaler from $195.00 to $205.00 and gave the company a “sector outperform” rating in a report on Tuesday. Finally, Loop Capital cut their price target on Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a research note on Tuesday. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $224.84.

Zscaler Company 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.