Quantinno Capital Management LP Grows Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Quantinno Capital Management LP increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 117.5% during the third quarter, Holdings Channel reports. The institutional investor owned 13,144 shares of the company’s stock after acquiring an additional 7,100 shares during the period. Quantinno Capital Management LP’s holdings in Zscaler were worth $2,247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC purchased a new stake in shares of Zscaler in the second quarter valued at about $28,000. True Wealth Design LLC increased its position in Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after purchasing an additional 185 shares during the last quarter. Asset Dedication LLC increased its position in Zscaler by 436.8% during the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after purchasing an additional 166 shares during the last quarter. American Capital Advisory LLC acquired a new position in Zscaler during the second quarter worth approximately $50,000. Finally, Quarry LP increased its position in shares of Zscaler by 613.0% in the second quarter. Quarry LP now owns 385 shares of the company’s stock worth $74,000 after acquiring an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, insider Robert Schlossman sold 4,947 shares of Zscaler stock in a transaction on Monday, September 30th. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34. Following the sale, the insider now owns 107,241 shares in the company, valued at $18,254,563.02. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew William Fraser Brown sold 8,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the completion of the sale, the director now owns 25,907 shares in the company, valued at $4,510,408.70. This represents a 23.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,502 shares of company stock valued at $5,256,651. 18.10% of the stock is owned by company insiders.

Zscaler Stock Down 2.3 %

NASDAQ:ZS opened at $201.39 on Wednesday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The firm has a market cap of $30.90 billion, a price-to-earnings ratio of -805.56 and a beta of 0.82. The company’s 50 day moving average is $194.86 and its 200-day moving average is $186.25.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. During the same quarter last year, the firm posted ($0.18) earnings per share. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. Research analysts predict that Zscaler, Inc. will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. KeyCorp raised their target price on shares of Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Susquehanna raised their price objective on shares of Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and set a $240.00 price objective on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, Canaccord Genuity Group raised their target price on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Eleven equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.84.

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.