Dynamic Advisor Solutions LLC Increases Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Dynamic Advisor Solutions LLC raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 36.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,423 shares of the company’s stock after purchasing an additional 2,260 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Zscaler were worth $1,440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parkwood LLC purchased a new stake in Zscaler during the fourth quarter valued at approximately $361,000. V Square Quantitative Management LLC boosted its stake in shares of Zscaler by 68.5% in the fourth quarter. V Square Quantitative Management LLC now owns 972 shares of the company’s stock worth $215,000 after acquiring an additional 395 shares during the period. Sierra Summit Advisors LLC purchased a new stake in shares of Zscaler during the fourth quarter worth about $5,609,000. Syon Capital LLC bought a new stake in Zscaler during the 4th quarter valued at approximately $668,000. Finally, American International Group Inc. lifted its position in Zscaler by 3.0% during the fourth quarter. American International Group Inc. now owns 11,805 shares of the company’s stock valued at $2,616,000 after purchasing an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ZS shares. Rosenblatt Securities restated a “neutral” rating and issued a $190.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Cantor Fitzgerald reduced their price target on Zscaler from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price target on shares of Zscaler from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. Piper Sandler lowered their price objective on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Finally, Mizuho lowered Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price target on the stock. in a research note on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.97.

Zscaler Stock Up 5.1 %

ZS opened at $195.50 on Friday. The firm’s fifty day simple moving average is $177.83 and its two-hundred day simple moving average is $180.76. Zscaler, Inc. has a 52-week low of $152.60 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The company had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. During the same period in the previous year, the firm posted ($0.17) EPS. Zscaler’s revenue was up 30.3% compared to the same quarter last year. Equities research analysts expect that Zscaler, Inc. will post -0.95 EPS for the current year.

Insider Activity at Zscaler

In other Zscaler news, insider Michael J. Rich sold 4,813 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $824,370.64. Following the completion of the sale, the insider now directly owns 103,259 shares in the company, valued at $17,686,201.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael J. Rich sold 4,813 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the sale, the insider now owns 103,259 shares in the company, valued at $17,686,201.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Schlossman sold 4,947 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $170.22, for a total transaction of $842,078.34. Following the transaction, the insider now directly owns 107,241 shares of the company’s stock, valued at approximately $18,254,563.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is owned by insiders.

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.